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Vital advice about the hobbled economy


November 21, 2009

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

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

At the same time, the economy for lawyers is devastated. Law firms are exhibiting higher degrees of selectivity in the hiring process than they have exhibited in recent history.

When I graduated, during the late 1990s stock boom, which was a great day, the mean starting salary for members of my class in electronic engineering was $50,000.00. Yes, this was ancient history. So, there was some real risk that I was about to spend 3 years of my life and every dime I owned and then some 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 wet-behind-the-ears lawyers making $40,000.00 per year. Now, if you have an history 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 debt 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 finance degree to see that this one is backward.

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

The difference between being well-prepared and turning your life into a living Hell is going to a respected law school. The difference between getting into a well-ranked law school and having to accept a unemployable law school is your performance 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, manipulate. And there are some that you can’t manipulate. Your goal needs to be to concentrate 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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