Whether new lawyers land jobs at giant international firms, where salaries recently hit $135,000, or at small practices in the Midwest and elsewhere, they are paying up to 267 percent more for their education, compared with costs in 1990. That means beginning lawyers -- especially those in midsize and small firms -- are shouldering much more debt at graduation, a situation that some observers fear will lead to more loan defaults, attrition and job dissatisfaction. "It stinks," gripes one associate.
February 01, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Runaway costs for a legal education are threatening to trample any optimism among law school graduates created by recent associate salary increases at the nation’s top law firms.
Law school tuition is bounding far ahead of pay raises at firms of all sizes.
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