New York Times Deal Book: Burdened With Debt, Law School Graduates Struggle in Job Market, by Elizabeth Olson:
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 ABA figures — those graduating were not receiving job offers from firms where they were interning. And offers to some students were rescinded. ...
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.
Brian Galle (Boston College), Ohio is Not New York. Or Even Texas:
The Times today has a write-up of the recent Deborah Jones Merritt study of employment outcomes for the JD Class of '10 in Ohio. As I described in more detail at the law & econ prof blog a few weeks ago, Prof. Merritt's study has, ahem, merits. It's a great snapshot of struggling graduates in Ohio, people who deserve our attention and support. The trouble is that the Times story reports these findings as though they told us something about the national law job market. Merritt's new data are all in Ohio, which may be a systematically different legal market than many others. Nonetheless, the Times story reports Merritt's findings as though they were representative of the whole country (and also describes the study as "published," when in fact it's an ssrn working paper). Most troublingly, the Times reports Prof. Merritt's conclusion that "the 2010 class had not recovered in the ensuing years" without any caveats.