[Marxism] Burdened With Debt, Law School Graduates Struggle in Job Market

Louis Proyect lnp3 at panix.com
Mon Apr 27 09:57:19 MDT 2015

(Selling out ain't what it used to be.)

NY Times, Apr. 27 2015
Burdened With Debt, Law School Graduates Struggle in Job Market

Jonathan Wang has not practiced law since he graduated from Columbia Law 
School in 2010, but he did not plan it that way.

When he entered law school, the economy was flourishing, and he had 
every reason to think that with a prestigious degree he was headed for a 
secure well-paying career. He convinced his parents, who work in Silicon 
Valley, that he had a plan. “I would spend three years at school in New 
York, then work for a big law firm and make $160,000 a year,” said Mr. 
Wang, 29. “And someday, I would become a partner and live the good life.”

Mr. Wang, who works in Manhattan as a tutor for the law school 
admissions exam, is living a life far different from the one he 
envisioned. And he is not alone. About 20 percent of law graduates from 
2010 are working at jobs that do not require a law license, according to 
a new study, and only 40 percent are working in law firms, compared with 
60 percent from the class a decade earlier. To pay the bills, the 2010 
graduates have taken on a variety of jobs, some that do not require 
admission to the bar; others have struck out on their own with solo 
practices. Most of the graduates have substantial student debt.

Even as law school enrollment was peaking in 2010 — reaching 52,488, 
according to American Bar Association figures — those graduating were 
not receiving job offers from firms where they were interning. And 
offers to some students were rescinded.

“None of this was on my radar,” Mr. Wang said, “but it began to be 
obvious by the time second-year summer internships were over. We knew 
things were depressed, but then the legs were cut out from under us.”

After the economic collapse in the fall of 2008, corporations began to 
cut spending on legal matters, and law firms, in turn, began to reduce 
their hiring and even laid off employees. The legal profession was 
undergoing the early wave of turbulence that left graduates in 
subsequent classes facing a harsher job market that has shown few signs 
of a robust recovery. But the class of 2010 was the first to experience 
it full force.

At the time, legal scholars predicted that when the economy turned the 
corner, the new graduates would find jobs. But the checkered job 
outcomes for the 2010 law graduates could be predicted by their early 
employment numbers, said Deborah J. Merritt, a law professor at Ohio 
State University’s Moritz College of Law.

She wrote “What Happened to the Class of 2010? Empirical Evidence of 
Structural Change in the Legal Profession,” a study published in March 
that examined the careers of those graduates and the legal marketplace.

Professor Merritt combined public data, including court records and the 
employment outcomes of more than 1,200 lawyers who received their law 
degrees in 2010 and then passed the Ohio bar, with information from the 
National Association of Law Placement recorded for the same class 
nationally. She concluded that the 2010 class had not recovered in the 
ensuing years.

“Employment has improved only marginally for the class,” she said, “with 
unemployment at 6 percent, many fewer lawyers working at law firms and a 
leap in the percentage of solo practitioners.

“These outcomes contrast markedly with those from the 2000 graduating 
class, which was also shadowed by an economic recession but were later 
able to better their positions,” she said. “But that type of progress 
has not occurred for the Class of 2010.”

With law firms cutting back, she said, most available positions “fall 
within modest-paying categories: solo practice, small firms, government 
work and business jobs that do not require bar admission.”

And they might be the lucky ones, according to some 2010 graduates who 
said they were “too ashamed that I have not found a legal job” to allow 
their names to be mentioned. One law school graduate who said he did not 
want to draw attention to his lack of permanent employment said he was 
“doing rote legal temp work on the side to pay rent.”

“I dare not put it on my résumé because it makes you instantly 
nonprestigious and unemployable,” he added.

Others, like G. Troy Pickett, 44, of Houston, who worked as a bartender 
in Austin before going back to school with the intent of becoming a 
big-firm mergers and acquisitions lawyer, opted to set up their own 

“I began to realize that I had set the bar too high, but I kept thinking 
that if I could get my foot in the door, I could do it,” he said of his 
decision to attend South Texas College of Law in Houston.

Then he saw that fewer firms were recruiting on campus and job offers 
were evaporating.

“It was a double whammy. Our class was also competing with third- and 
fourth-year associates who had been laid off,” he said. He took the 
Texas bar exam six months early while still in law school to save time 
and money. The same day he passed, in June 2010, he and a fellow student 
formed a law practice, which handles family law issues like divorces and 
child custody.

Another 2010 graduate, Hyatt Shirkey, 30, who received his diploma in 
May 2010 from Ohio State’s law school, moved to Virginia, where he 
passed the bar the following July, and decided to open his own practice 
after juggling several jobs.

“When I started law school, it was still a great era,” he said. “I had 
some good experiences, including working for a federal judge in 
Columbus, Ohio. Then, the end of my second year in school, I saw that 
law firm offers were being pushed back.”

“There was a glut of people in the job market, and the only job I could 
find did not require a law license,” added Mr. Shirkey, who first ran 
the paralegal studies program for a private college in Roanoke, Va. He 
eventually found work at the Roanoke public defender’s office but kept 
his part-time job at the paralegal program and another as a server at a 
Cracker Barrel restaurant.

Since then, he found a job teaching contract law at a local community 
college and opened a solo practice in criminal defense to “build up my 
experience and reputation” so he could qualify for an opening in the 
United States attorney’s office. For now, he receives referrals for 
cases that the public defender cannot take on, but he said practicing on 
his own was uncertain financially. And, like more than 80 percent of law 
school graduates, he has substantial student debt.

Over all, nearly 85 percent of law graduates have taken out student 
loans, according to the website Law School Transparency, and 2010 law 
graduates accumulated debt averaging $77,364 at public law schools and 
$112,007 at private ones.

Many have received financial hardship deferments or, like Mr. Shirkey, 
who accumulated $328,000 in student debt, including some undergraduate 
loans, received credits for public interest work. Federal government 
rules, revised last year, allow student borrowers who work in nonprofit 
and public sector jobs to have their loans forgiven after 10 years and 
to pay back their college loans based on their income and expenses.

“Otherwise, I would be very, very much in a pickle,” Mr. Shirkey said. 
“I anticipate that I will wind up working for the government or a 
nonprofit because I will need the credits to take care of my loan burden.

“Every time I look at the debt amount,” he said, “my heart beats a 
little harder.”

After he graduated, Mr. Wang had a yearlong fellowship with a state 
court judge, but when that ended in 2011, the “market was still awful,” 
he said. After he was admitted to the New York State bar, he turned to 
tutoring and law school advising to pay his rent and loans.

“I thought the LSAT tutoring gig was going to be a temporary thing, but 
five years and one bar admission renewal later, here I am,” he said. His 
business has greatly expanded and he makes over $100 an hour, but that 
is far below what he would make at a law firm. “I waffle constantly, but 
I’m still in the mind-set that I need to find a real job,” he said.

More information about the Marxism mailing list