“Legal education has been down in the dumps for a good seven years now,” says Law.com senior reporter Karen Sloan in this week’s program. And it looks like we’re on the brink of a turnaround.
The percentage of grads in jobs that require a J.D. is up, as is the number of high-scoring LSAT-takers applying to law school. What’s more, starting pay has risen, with many big firms offering $190,000 to new associates.
So what’s the problem? For starters, the actual number of J.D.-required jobs has not increased, and the relatively few new jobs offering that higher first-year associate salary won’t put a dent in student loan debt for the vast majority of new lawyers.
In our latest episode, Law.com editor-in-chief Leigh Jones talks with Sloan, who helps put the news about the job market and law school applications in a broader context. Then, Sloan chats with Chris Chapman, president of AccessLex Institute and an expert on J.D. jobs and law student debt.