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Friday, March 29, 2013

ABA Releases Class of 2012 Employment Data Showing Slight Improvement From 2011

The ABA Section of Legal Education and Admissions to the Bar today released comprehensive employment data for the 46,364 graduates of the law school class of 2012:

Law schools reported that 56.2% of graduates of the class of 2012 were employed in long-term, full-time positions where bar passage was required, compared with 54.9% for the class of 2011 — a 1.3 percentage point increase.  In addition, 9.5% of graduates of the class of 2012 were employed in long-term, full-time JD Advantage positions, compared with 8.1% for the class of 2011 — a 1.4 percentage point increase. Schools reported outcomes for 97% of their 2012 graduates.

ABA_Page_1

(Hat Tip: Gary Rosin.)

http://taxprof.typepad.com/taxprof_blog/2013/03/aba-releases-.html

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Comments

Let's see:

Law school unemployment rate: 10.6%
National unemployment rate: 7.7%

Cost of law school: hundreds of thousands of dollars, plus lost income
Cost of not attending law school: $0

Law school debt: nondischargeable in bankruptcy
Non-student loan debt: dischargeable in bankruptcy

I'd love for some anonymous PhD in Labor Economics-cum-law professor who often skulks around this board to tell me how it is a good, nay a great, idea to attend law school these days, particularly if s/he doesn't provide any studies, cites, or figures to corroborate their argument. Just use pedantic, reductive logic like "Non-lawyers are worse off because they can't work at Wachtell!" or "Everyone who just has a BA/BS ends up at Starbucks!"

Thanks.

Posted by: Unemployed Northeastern | Mar 30, 2013 7:50:11 AM

Not all law students are suffering. According to U Ky.'s management, UK Law was second in the nation at placing students in jobs within 9 months,

They must be doing something very right or else exaggerating.

Posted by: mark | Mar 30, 2013 8:49:52 AM

@ unemployed Northeastern. Ahhh, the arguer's common blunder. While demanding a cohesive and coherent rebuttal from others complete with cites and research and all that other stuff, you fail to see your own argument's irrationality. You lead with comparing the nationwide unemployment figure with the JD unemployment figure for recent graduates. They don't measure the same, for the sake of the parlance of our times, apples.

With so many good reasons against law school, why would you start with such a weak and flawed one?

Posted by: Eagle | Mar 30, 2013 12:49:27 PM

OK then, the "recent college graduate" (ages 20-24) unemployment rate is 6.3%.

Posted by: Unemployed Northeastern | Mar 31, 2013 11:54:38 AM