Admin

How competitive are you at different Law Schools?

Enter your LSAT and GPA scores and find out!
GPA: out of 4.0
LSAT: out of 180
Legal Forums
Legal Forums
Welcome, Guest
Please Login or Register.    Lost Password?
Lawyer Bubble (1 viewing) (1) Guest
Go to bottom Post Reply Favoured: 0
TOPIC: Lawyer Bubble
#7186
Aces wild (User)
Junior Boarder
Posts: 25
graphgraph
User Offline
Lawyer Bubble 7 Years, 4 Months ago Karma: 0  
Has anyone read the book Aftershock? I'm half way through it and i feel like the law schools are creating a lawyer bubble and the law schools are cheerleading the bubble to grow even bigger
 
Report to moderator   Logged Logged  
  The administrator has disabled public write access.
#7223
smarx08 (User)
Junior Boarder
Posts: 27
graphgraph
User Offline
Re:Lawyer Bubble 7 Years, 3 Months ago Karma: 0  
You relate the bubble analogy to everything: too many fast food; too many banks; too many....

However, i do agree that as the population of attorneys increase, the value of the services provided will ultimately decrease. Simple supply & demand.
 
Report to moderator   Logged Logged  
  The administrator has disabled public write access.
#7253
Preston (User)
Senior Boarder
Posts: 74
graphgraph
User Offline
Re:Lawyer Bubble 7 Years, 3 Months ago Karma: 0  
The bubble analogy doesnt make sense. The use of the "bubble" refers to a bubble popping and wealth or value evaporating. So, even if there are too many attorneys right now i cant imagine a "bubble" popping and eliminating hundreds of thousands attorneys unless they were all in a stadium and a bomb went off.

What i think will happen is that attorneys will need to come up with other ways to value their services as hourly rates will fall (due to competition) and the good attorneys will set them selves apart with alternative payment options.
 
Report to moderator   Logged Logged  
  The administrator has disabled public write access.
#7266
Mike Sareta (User)
Junior Boarder
Posts: 36
graphgraph
User Offline
Re:Lawyer Bubble 7 Years, 3 Months ago Karma: 0  
Some attorneys are taking equity in client ventures rather than hourly rates. Equity is great, but cash is king, especially since >90% of all businesses fail within the first 3 years.
 
Report to moderator   Logged Logged  
  The administrator has disabled public write access.
Go to top Post Reply
Powered by FireBoardget the latest posts directly to your desktop

LegalNut Resources

Attorney jobs listings and sites with attorney salary information, attorney job search functions, and salaries by law firm.

Law school rankings show how competitive your lsat scores would be at top law schools in the US.

Law school admissions advice is available both at the LSAT forum and throughout the pre-law section, including LSAT prep options, law school personal statement help, LSAT score distributions and law school bar exam pass rates.

Copyright 2006 - 2018 Rochester Ideas, LLC. All rights reserved.