LAW JOB CRISIS, PART 2

Yesterday’s article in the The Wall Street Journal, “Hard Case:  Job Market Wanes for U.S. Lawyers,” (subscription required), which was the subject of my prior posting, has stimulated a lot of writing, if not thought.  One of the most thoughtful, and best written, pieces is by Bill Gratsch at Blawg's Blog entitled "Lawyer Starting Salaries:  Beyond Big Law."  I heartily recommend Bill's posting.

Also, in one of those ironic twists of timing, 2 articles were published at Law.com this morning that touch on salaries and law school debt.  The first, “In Salary Twist, Firm Pays More – and Less,” discusses Duval & Stachenfeld, a small, New York-based firm that starts its 1st year lawyers at $60,000, but for 3rd year lawyers on up moves to match the top paying firms.  The second, “Law School Loans About to Be Lightened for Some,” discusses the College Cost Reduction and Access Act of 2007, which according to the article was passed by Congress on September 7 and aims “to help law students and other graduates with high debt through an income-based loan-repayment plan.”