Together, three recent news items purport to capture much of what ails the legal profession, but a closer look reveals even deeper issues. First, the number of law schools applications has dropped, but schools continue to produce way too many lawyers for the number of anticipated jobs requiring a J.D. degree. Second, future attorneys incur staggering debt for a three-year degree that can and should be obtainable in two. And third, fears that law firm profits might remain flat for 2013 suggest that many senior partners in big law firms at the pinnacle of the profession have lost an appreciation for their good fortune and a sense of perspective that comes with it.
The End of Lawyers?
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