<p>I never thought I'd say this, but after several weeks of researching law school, the law job market, and taking in various people's advice, I may be seriously considering a different path than law school. I still have two years to decide, but I genuinely never realized how bad of a life decision it might be. </p>
<p>This was my first time REALLY researching and looking into it. Not just from movies, TV, popular culture, fantasy, etc. ...It's been more than eye-opening!</p>
<p>Honestly. I always thought I'd be a lawyer from childhood. So, this is serious for me. </p>
<p>Let me genuinely ask folks here (as I've been doing in other online venues and in person with friends & fam), what are your honest experiences with either attending law school and subsequently working in (or out of) law yourself or watching others go through law school and their employment outcomes. </p>
<p>On average or in total, how many --life success stories-- vs. <em>less than optimal/expected</em> outcomes have you seen? </p>
<p>So far, this is what I seem to gather (these can be Googled for verifcation/correction from you guys): </p>
<p>--This is the worst JD graduate market in decades:</p>
<p>--Other than Harvard, Yale, and Stanford law grads, all other program entrants will face an uncertain future. </p>
<p>--For non-HYS T14 law grads, you need to be roughly top-35% of your class to be sure of a well-paying law job. If you're outside of top-35%, you'll have to compete hard for one. Bottom 5-10%-ish of this group will likely be avoided by big law hiring firms.</p>
<p>--For all non-T14 law grads, you need to be roughly top-5% of your class for a well-paying law job. (This, alone, is scary!)</p>
<p>--All others who don't get those big law/well-paying jobs (even public interest ones) will likely be making a median $45-50K-ish/year salary. Given typical law grad student loan debts of $120K-ish (at government interest rates of 7%) , this type of salary to debt ratio is a financial nightmare. After taxes + loan interest/principal payment on a $50K salary, you will likely live in poverty. [Someone can do the calculations.]</p>
<p>--There are a <em>significant number</em> of top law school grads who are in this situation from the indented point above. So, this is no joke. If it's happening to graduates from top law schools, then it's definitely happening to probably the majority of lower ranked law school graduates. You can graduate middle of your class Northwestern...middle of your class Georgetown, middle of your class NYU (all T14 schools), etc. and still not get a big law job or one that pays well enough to earn a good enough salary. And via a few quick calculations, it seems that a "good" salary given $120K law school debt would need to be at least $85K. (You guys can verify that.) Anything lower would put you at significant risk for poverty for many years. Most people not getting those big law or major public interest offers are probably going to statistically fall into this camp of earning less than $85K/year and be handcuffed by law school debt into poverty for at least 10 years. </p>
<p>Please tell me if this is really the case or a good amount of hyperbole? I'm scared now. There's even a blog online I found by a law school professor who writes a lot about this saying how law school is a scam and that it's the worst decision you'll ever make (well, unless you goto Harvard or a top 3 or 4 school...then it's much different, lol). How in the world has this happend to law school and the value of a JD in society? </p>
<p>How accurate am I above? If so, is it more or less a gamble to go to law school for the majority of folks? Like playing roulette with the house having the odds greatly stacked against you?</p>
<p>I'm both upset and scared. But I want to learn more too. Please share your honest thoughts. Thank you.</p>