What do you say to an audience of would-be lawyers who just spent thousands of dollars—much, if not all, of it borrowed—to earn a degree that only two-thirds of them will even use in their first postgraduation job? That was the challenge facing law school commencement speakers this spring as they took to podiums across the country to try to account for the harsh reality of the current legal hiring market while delivering the inspirational talk typical of such festivities. The Am Law Daily decided to examine how some of those speakers fared in striking that balance. What we found was plenty of sage advice, but little blunt talk. Several of those who didn't dance awkwardly around the subject or punt on it altogether chose to joke about graduates' job prospects and debt obligations. It's unclear how well those wisecracks played. What follows are some relevant excerpts. — Grace Tatter and Claire Zillman