The Wall Street Journal published some chilling statistics about how recent law grads are faring. According to the WSJ, only 55% of the class of 2011 had full-time, long-term jobs that required a law degree nine months after graduation. And only 8% of those graduates held full-time, long-term jobs at firms with more than 250 attorneys.
In response to the WSJ article, J. Maureen Henderson at Forbes came out with a piece entitled-spoiler alert-"Why Attending Law School Is the Worst Career Decision You'll Ever Make." Henderson argues that "law school is no longer a sure bet when it comes to employment security and financial prosperity."
And she's right. A J.D. is certainly not a one-way ticket to a life of luxury. But does that mean you should toss out your LSAT books?
Not just yet: for many students, law school is still a viable choice. But just like you would before making any investment-especially one that can cost up to $200,000-it is important to weigh the risks and benefits.
Here are the three most important questions to ask yourself before attending law school:
Are you glad you went to law school? Not so glad? What do you wish you had known before attending? We'd love to hear your thoughts in the comments below.
Rachel Marx is Vault's law editor. She covers legal news and trends relating to top law firms, law schools, and the general legal industry. Rachel holds a JD from Harvard Law School and a BA from Tufts University. She previously worked as a litigation associate at a large New York law firm.
Vault.com is the source of employer and education ratings, rankings and insight for highly credentialed, in-demand candidates. Vault's editorial mission is to empower candidates with unbiased research needed to evaluate the professions, industries and companies they aspire to join.
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