m16532222

Right now there are too many law schools. I guess the problem will never really go away, however I hear the job prospects will get better.

Furthermore, graduation from a top law school has its benefits as many know. I'm wondering just how much the rest the lower tier schools actually affect the jobs that T14 grauates will get. If even more law schools were build, would this affect the major schools at all?

bluebayou

sure, it's supply and demand. If there are thousands of unemployed and underemployed JDs, eventually the cost/hour to hire them will go down. And eventually, that shifts the whole labor cost down, including those grads from T14. Big Law will no longer be able to afford to pay $160k if the market rate drops over time. Clients just won't pay those fees.

btw: I recently saw an ad for JD's at $16.00/hr in NYC.

m16532222

But how can very low ranked graduates compare to a Harvard grad? All about great connections anyway right? Why wouldn't clients want to pay for the best? When will the market get better?

bluebayou

It's not just "low-ranked graduates." There are plenty of unemployed grads of T14. If you were an employer, why would you pay, say $80/hr for one Harvard grad when you could get 2-3 Georgetown & Michigan (just to randomly pick on two T14's) grads for the same amount?