About half of the graduates of ABA law schools last year failed to find work for which a J.D. was required. Many of them incurred $150K in non-dischargeable debt to get these degrees. Maybe ten percent of them went to work for what are commonly referred to as "Biglaw", large urban law firms, where they work long hours, but make enough to service their loans.
The legal services sector of the economy has been seriously shrinking for quite some time. I'll be surprised if the number of enrolled law students doesn't shrink drastically in the next few years.
It's not an auspicious time to go to law school.
I will confess that I was warned by an attorney in 1978 that the legal profession would soon be hit with a serious glut of new attorneys. I ignored him, and went to law school anyway. The job market was indeed bad when I graduated, but I did manage to find a job. The pay was poor, but the experience was great, and I eventually prospered. But tuition was low, and my debt service was the equivalent of a car loan. Tuition is high almost everywhere now, and a lot of people who enrolled in law schools three years ago face desparate circumstances.
You may decide to go anyway. You owe it to yourself to go to the "Lawyers, Guns and Money" website, and read all of Paul Campos's blog posts first. If you decide to go anyway, you won't be able to say that you weren't warned.