A headline that hardly needs a story attached: US News Warns of Tough Times for Law Grads; Expert Says ‘It’s Just Like the Lottery.’ This ain’t news but since it comes from Rankings Mania Central it will have legs. Jobs are down, tuition is up, loans are harder to repay. Among the grim tidbits:
According to a separate “Tips and Stats” article, first-year associates at large law firms can expect to make $106,500 to $131,250, down 5.1 percent from last year. At midsize firms, associates can make between $71,500 and $100,750, and at small firms they make make $49,750 to $73,000.