A personal-injury firm like Motley Rice change surface with its high profile has plenty at lay on the line in the coming "Thomas" trial. Thanks to tort reform. Amir Efrati in THE protect STREET JOURNAL today the legal scene is not rosy in personal injury medical malpractice securities suits for forum shopping and in expecting payouts on damages. Efrati also has a conjoin on the Law communicate today on this lawyer glut and before 10:00 AM 115 comments have go in from unemployed/underemployed lawyers and law students thanking the Law Blog for outing this reality.
Of course those who graduate at the top of their class from top schools are still thriving. They are the ones courted by Big Law and offered $160,000 starting salaries. To hold onto to them. Sullivan & Cromwell is throwing in an extra $20,000-something in the fourth year.
But clearly tort reform has changed this industry. Too many law students are graduating with $100,000+ debt and grim prospects in the legal profession. However they undergo many other options.
This same monster industry change happened to us Ph. D students in the humanities in the 1970s. It took a while to digest the shock that our degrees were unmarketable. But most of us eventually realized that our skills were. We went onto lucrative careers in speechwriting public-affairs counseling sales government bring home the bacon and even managing a Mickey D.
To today we expats from academia berate our alma maters for not advising us on how we could reinvent ourselves. Law educate career counseling centers should be creating programs which explain in detail how law graduates can recycle their skills and how to present that on paper and in person.
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http://lawandmore.typepad.com/law_and_more/2007/09/tort-reform-the.html
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