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There are way, way too many lawyers in this country. Back in the good ol' days, law was a profitable endeavor. It was limited to the elite, and as a result the
by omegaham 12y ago
There are way, way too many lawyers in this country.
Back in the good ol' days, law was a profitable endeavor. It was limited to the elite, and as a result there was a great scarcity of people who were able to become lawyers. They could then charge a lot of money for their services and become rich.
This changed as soon as law schools became the dumping ground for people who wanted to become professionals but sucked at math. Can't do engineering? Programming's a bitch? Your lab grades suck too much to get into med school? Law school will take you! They'd better; they're charging 40k a year for it.
Then these kids get out into the working world and find out that BigLaw firms will work your ass to the bone. Why not? You can't quit; you're lucky to have the job in the first place, and you have $250k of debt. Okay, so BigLaw is out if you don't want to be driven to a nervous breakdown. How about being a public attorney? $35k a year salary. Okay, that sucks... how about being an ambulance chasing personal injury lawyer? Not going to happen, because there are tens of thousands of people just like you who went through the above options and realized that they were just as fucked. So now every billboard in town has a different grim-looking face promising the moon to anyone with a slip-and-fall case. "I don't get paid until you get paid!" There's only so many people who can slip and fall on a rogue can of peas at the Kroger, and you can't pay the bills with the few that will come to you.
As a result, almost a majority of people who go to law school don't end up as lawyers. The ones who do almost universally say that they wouldn't do it over again if they had the opportunity.
The organizations that profit from this? BigLaw and the law schools. BigLaw firms profit immensely because they have a massive supply of new lawyers who will take anything that's given to them. 90 hour weeks? Thank you sir, may I have another! I have student loans to pay!
The law schools also make a killing because, like many other colleges, they've managed to convince people that a college degree is The One True Path to attaining the American Dream. The people who get shafted, of course, are the newly minted lawyers.
- jimmaswell 12y agoI've been seeing a lot of "DUI attorneys" advertised lately. Maybe that's become lucrative?
- protonfish 12y agoIf what you are saying is true (and it sure seems to be) then we should also expect a decrease in the quality of available attorneys. That would also be in agreement of my recent real-life experiences. Now I know it's a tough job blah, blah, but seriously the best experiences I've had with attorneys recently is when they did nothing but held my through the unnecessary complex and unfriendly legal system. I felt I got my money's worth in those instances from their familiarity of jumping through bureaucratic hoops. But I recently spent money on a lawyer that completely screwed everything up. I am certain that I would have been better off cluelessly stumbling into court.
- waylandsmithers 12y ago| BigLaw firms profit immensely because they have a massive supply of new lawyers who will take anything that's given to them. I've had this situation described to me a little differently by a friend who has been in the field since the late 70s. Over the past several years, there has been a shift in the general relationship between lawyers and clients. Back then, it would be unheard of for a client to pick through or question the bill from a prestigious BigLaw firm-- that was considered to be an insult. But recently more clients are contesting the bill, specifically, "Why are we paying for hours from these associates you hired six months ago? We want the 40 and 50 year olds who are in their prime." BigLaw can't as easily bill hours for newbies who previously would have been trained on the client's dime, so they just hire fewer of them.