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re: Outlook for lawyers growing more grim
Posted on 7/15/14 at 10:42 am to Monk
Posted on 7/15/14 at 10:42 am to Monk
Med schools have the system figured out. They put the bottle neck at getting in to medical school in the first place, so once someone is in, they are basically set (as long as they can hack it).
Law schools are more than happy to profit off of students that they know won't have good job prospects when they finish.
Law schools are more than happy to profit off of students that they know won't have good job prospects when they finish.
3
Posted on 7/15/14 at 10:50 am to GoGeauxGaux
quote:
Med schools have the system figured out. They put the bottle neck at getting in to medical school in the first place, so once someone is in, they are basically set (as long as they can hack it). Law schools are more than happy to profit off of students that they know won't have good job prospects when they finish.
You hit the nail on the head.
Posted on 7/15/14 at 10:52 am to GoGeauxGaux
quote:
Med schools have the system figured out. They put the bottle neck at getting in to medical school in the first place, so once someone is in, they are basically set (as long as they can hack it).
Law schools are more than happy to profit off of students that they know won't have good job prospects when they finish.
This 100x. The AMA greatly restricts med school classes and the number of med schools in order to maintain very high salaries. They have vision and have stuck to their plan of keeping doctor salaries inflated. The ABA lets any university set up a lawschool and lets lawschools admit an absurd number of people. The ABA has no vision and has allowed the profession to become so oversaturated that salaries no longer cover student loans.
Finally the state bar exams are too easy. Everyone eventually passes and practices.
Posted on 7/15/14 at 11:07 am to GoGeauxGaux
quote:
Med schools have the system figured out. They put the bottle neck at getting in to medical school in the first place, so once someone is in, they are basically set (as long as they can hack it).
Law schools are more than happy to profit off of students that they know won't have good job prospects when they finish.
Med Schools aren't smarter or more benevolent than Law Schools, they are just WAYYYYY more expensive to run. Law Schools are University profit centers. They cost very little (relatively) to run and make exorbitant amounts of money for the school. Trust me, if Medical schools were similarly lucrative, they'd take everyone's money, I assure you.
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