Sunday, January 9, 2011

The great law school scam

Law schools are money machines for universities, which is why law school professors have such high salaries, while recent law school graduates are carrying bags for spare change at the airport.  Faced with the worst job market for lawyers in decades, with a generation of unemployed lawyers looking at crippling debt from student loans, American law schools are still encouraging applicants to apply -- even if it means slanting the truth and manipulating statistics to make make the future seem rosy.  “Enron-type accounting standards have become the norm,” says William Henderson, a law professor at Indiana University.  “Every time I look at this data, I feel dirty."  Read about it in the Times, or just go to the blog of one recent disillusioned graduate, Shilling Me Softly. 

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