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Critical advice about the collapsing employment situation

May 13th, 2010

With the job market collapsing, it is more critical than ever for prospective law students to meet the requirements for admission to a top-quality law school. Because of the collapse of the overall economy, law schools are seeing a profusion of applications.

Law schools can be (and are) more fastidious about their particular law school requirements than they have ever been in recent recollection.

Simply stated, America’s law schools are turning out hordes of new lawyers faster than the economy needs them. Therefore, the job market is saturated on a good day. And this is a aweful day.

When I graduated, during the late 1990s stock boom, which was a incredible day, the mean starting salary for members of my class in computer engineering was $50,000.00. The mean lawyer in Texas was, at the time, bringing home $45,000.00, and this mean of lawyer salaries was taken across all ages and levels of seasoning. So, there was some real risk that I was about to spend 3 years of my life and a small fortune for a graduate degree that was less valuable than the undergraduate degree that I already had. Fully a third of the licensed attorneys in Texas do something other than practice law. There just isn’t enough legal employment to go around.

For every kid making $165,000.00 a year straight out of school, there are 10 new lawyers making $40,000.00 per year. Now, if you have an English degree, you may here $40,000 per year and think, “Wow, that’s a huge step up!” But wait, that $40,000 per year is after you sink $100k in loans and lose the opportunity to make a decent wage during the years that you are in law school. Going $100k into debt for a $40k/year job is not a good decision. You don’t need a business degree to see that this one is backward.

The law is two career ladders. If you’re lucky, and you get decent grades at a respected school, you can come out making $150k/year.

The difference between being successful and turning your life into a living Hell is going to a well-ranked law school. The difference between getting into a respected law school and having to accept a bad law school is your scoring relative to the law school admission requirements. They are:

* Your LSAT score
* Your Undergraduate GPA
* Your Race
* Your Admissions Essays
* Your Letters of Recommendation
* Your Resume (this means everything else)
* Your string pulls

Now, there are some of these factors that you can, in fact, adjust. And there are some that you can’t manipulate. Your goal needs to be to act on the factors that you can adjust in a way that changes the outcome.

For advice on how to do just that, you’re welcome to visit: http://www.lawschoolrequiements.org.

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Mitch First Hand

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