Celebrating 10 years! 2007-2017

LSAT Test-Takers Increased 19.8% In June

http://taxprof.typepad.com/taxprof_ blog/2017/07/fall-2018-la massivemissive07/13/17
There's an incredibly unlikely possibility that the JDU crow flyer1407/13/17
Has the legal economy improved? triplesix07/13/17
I haven't practiced at any point in the past two years... so flyer1407/13/17
I am talking first year hiring after law school... Middl triplesix07/13/17
I can't comment either positively or negatively - although a flyer1407/13/17
I think it depends on how you defined improved. It's been on thirdtierlaw07/13/17
Yep that's my point. triplesix07/13/17
The overall economy is improving, but my understanding is th 6figuremistake07/13/17
Does anyone have a link to the actual lsac announcement? I'm flharfh07/13/17
That's a good point, the near 20% increase could be an artif patenttrollnj07/13/17
In reality, there are fewer summer associate jobs - which is wolfman07/13/17
Great post. You nailed it. I see the increased LSAT Tak ejs201707/13/17
Well, they do say consumer confidence AND overall optimism h patenttrollnj07/13/17
massivemissive (Jul 13, 2017 - 8:43 am)

http://taxprof.typepad.com/taxprof_blog/2017/07/fall-2018-law-school-admissions-season-opens-with-a-bang-lsat-test-takers-increased-198-in-june-the-.html

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flyer14 (Jul 13, 2017 - 8:59 am)

There's an incredibly unlikely possibility that the JDU crowd probably hasn't considered - maybe the economy is actually improving?

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triplesix (Jul 13, 2017 - 9:14 am)

Has the legal economy improved?

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flyer14 (Jul 13, 2017 - 9:35 am)

I haven't practiced at any point in the past two years... so all I have is anecdotal data. This forum tends to self-select lawyers who hate their jobs, though. You won't see many BigLaw rainmakers here... just the castoffs and throwaways who are intimately familiar with Popov.

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triplesix (Jul 13, 2017 - 9:51 am)

I am talking first year hiring after law school...

Middle market is no doubt improved since many people just drop out all together or stuck in doc review so they are no longer in the race for JD jobs.

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flyer14 (Jul 13, 2017 - 10:46 am)

I can't comment either positively or negatively - although at three years out from law school, most of my classmates would be entering that middle market if their career launched as intended by now. I know a *lot* of people who have left law entirely, though.

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thirdtierlaw (Jul 13, 2017 - 9:35 am)

I think it depends on how you defined improved. It's been on a slow recovery. But it is still well below 2008 levels.

I don't believe it is anywhere close to improved enough to justify a 19% increase in prospective students.

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triplesix (Jul 13, 2017 - 9:51 am)

Yep that's my point.

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6figuremistake (Jul 13, 2017 - 10:19 am)

The overall economy is improving, but my understanding is that it's usually recessions that drive people into graduate school - with fewer entry level jobs available, recent graduates flock to grad programs to wait out a poor economy.

Nevertheless, as triplesix points out, there's no evidence of an improving market for entry level attorneys. There certainly isn't any news to justify a significant increase in LSAT test takers. Sure, the recession helped expose how corrupt the LS employment stats were, but even before the downturn, small law sweatshops and doc review dungeons were humming right along.

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flharfh (Jul 13, 2017 - 10:31 am)

Does anyone have a link to the actual lsac announcement? I'm wondering what the total number of year on year increase actually is. June is typically one of the smaller administrations since the results come too late to apply to most schools to begin in the fall.

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patenttrollnj (Jul 13, 2017 - 10:58 am)

That's a good point, the near 20% increase could be an artifact of there being few June test takers historically.

Thus, the increased number of test takers looks more dramatic than it actually is.

It will be interesting to see how things look in a year.

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wolfman (Jul 13, 2017 - 10:38 am)

In reality, there are fewer summer associate jobs - which is how people get to BigLaw - but they pay MORE money.

http://www.americanlawyer.com/id=1202792282954/This-Year-Fewer-but-BetterPaid-Summer-Associates

So the tournament guild is becoming EVEN MORE all or nothing: you get an SA, make piles of money, and then get BigLaw, or you get NOTHING. In fact, since higher SA pay and higher starting salaries will be used to push tuition higher or at least keep it high... there will be even more debt.

There will be even more striving, poverty, despair, physical and mental illness, alcohol and drug abuse, suicide, and murder (we've seen all of these already) among "losers" who "don't make it."

While the scamdeans and scamprofs keep their jobs and tell people to "network."

Cheers!

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ejs2017 (Jul 13, 2017 - 2:33 pm)

Great post. You nailed it.

I see the increased LSAT Takers - if true - as a sign rougher economic waters for recent college grads than as an indication of collective confidence in the legal job market. [Are there any stats out there measuring the relationship between law school applications and economic climate going back, say 50 years?]

Regardless, the end result is just as you stated: a wide disparity between law school so-called "winners" and "losers" with the attendant increase in "striving, poverty, despair, physical and mental illness, alcohol and drug abuse, suicide, and murder (we've seen all of these already) among 'losers' who 'don't make it.'"

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patenttrollnj (Jul 13, 2017 - 11:01 am)

Well, they do say consumer confidence AND overall optimism has increased since Trump took office.

In the case of law school applicants, this translates into outright foolishness .... people are feeling too lucky.

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