Does anyone know when the hiring freeze is scheduled to be over. I recall reading on here that the PTO might be taking resumes as early as Sept. Can anyone verify that?
New registrations are now permitted.
I'll be attending Cornell Law School in the Fall
He/she has a job. They are just complaining because their start date was pushed back a couple months from Sept. to Dec. It could be far worse.
I'm a 3L in the top 2% of a top 20 law school who just recently became a patent agent and I am starting to regret going to law school right now.
The job market really sucks right now. Every 3L I have talked to (and I do literally mean every) that had a big firm (National Law Journal 250) job, including myself, has had their start date pushed back until December at the earliest. Public interest work is becoming almost impossible to get because the people who would be doing big law jobs are taking those jobs - the ones that usually go to the bottom half of the class. Hanging a shingle in patent litigation is wholly impractical simply by the nature of the beast - it requires a team and it requires experience. Patent prosecution requires malpractice insurance. You can't go straight to a mid sized firm without first going to a big firm, because smaller firms don't want to train you. Plus, the government isn't hiring now, on top of it all.
But the debt is growing even faster. My loans are about: $110k (fortunately all federal and all for law school). I think that I may have to move in back home for a year or so in order to make the monthly payments.
Before the tyraid of entitlement comments come in: I know nothing was promised and, furthermore, this is not the end of the world. But what I do think is that law school is not the way to go. It's too costly because many schools have just been raising tuition as the first-year associate salaries increased. Now that the economy has tanked, I think that even the most successful recent law school grads are having trouble justifying the huge cost
I think the real evil is that all people (including law school applicants) have a misconception about the return on investment of law school. Most people see a lawyer and thin they are well off. Why is that? The public at large has little to no understanding of the legal system, and have an antiquated notion of lawyers as the wealthy. Law schools practically lie about their placement and success rates. Even if you are skeptical of that, in denial of that, or are just a champion of caveat emptor: in this economy, the historic data of law school starting salaries is meaningless.
I know that I went to law school thinking that I would be able to be a little better off if I worked really hard, got good grades and had a little luck along the way. Now is not the time to be a law school grad. I'm thoroughly convinced that for the next few years, I'm going to really struggle just to make ends meat.
Unless you have a phenomenal financial support network (spouse, family, trust fund), or a substantial scholarship, I really think that law school is not the way to go. Maybe in a few years, but not right now.