Recently there has been a lot of news centering on the shady practices many law schools are engaging in. Many schools have been getting caught fabricating to students the amount of money they will be making directly after graduating from law school. All of this so they can garner their expensive tuitions to enter into a prestigious law program. But the problem is that many lawyers who graduate find that they are not going to make anywhere near what they thought upon graduation.
This is quite a shame on a few levels, for one students who want to practice law solely based on financial gain instead of the love for practicing law, and two the greed of the schools to prey upon these budding young scholars. The NALP organization is one that allows for realistic expectations of what to expect once you graduate; in fact the organization is founded with the goal of making the transition from school to practicing law much smoother. A bankruptcy lawyer I knew got into law because of the money he could make, and not long after found that running a credit card debt relief business was more suiting to him. The only benefit his law degree has at this point is the power of the paper in which it was written, strictly to afford his company more prestige. No longer does he truly practice law but only uses his name to strengthen people’s confidence in his ability.
The bottom line is that this guy like many others were duped into thinking their law degree would make them a lot of money, but in the end it was this man’s business skills that really had nothing to do with law that made him successful.