Monday, December 26, 2011

Law Schools could face a wave of lawsuits in 2012

Happy Holidays Everyone!

Merry Christmas, Happy Hannukah and Happy Kwanzaa!

It has been a while since I updated, but I have some time off and I have been busy with my job, my investment club and my cooking club. At a recent holiday party with my investment club, I met Linda who told me that she has heard a lot of bad news about the legal profession lately. She is an MBA  who works in high tech public relations and meets many attorneys who have switched careers or wound up temporarily unemployed. Most who can't find jobs end up leaving the law once they find a decent paying plum job in corporate America. I told her that many lawyers are unemployed and she sarcastically told me that they should sue their alma maters.

Ironically when I came home that night, I was browsing through the online news. I came across this witty and insightful article in the Sacramento Bee, Law Schools could face a wave of class action lawsuits in 2012

You should read the article yourself to get an insiders view of what many legal professionals feel will be a very painful 2012 for many law school deans and administrators. Some are even calling 2012, " The year of law school litigation."  All of the bogus employment statistics and job placement information that many schools publish are very questionable, and the awareness has now reached the masses. Legal professionals who read these blogs are no longer the only ones taking note of the fraudulent practices happening in many o these law schools. Many law firms and even some public policy advocates anticipate multiple class action lawsuits throughout 2012.

I still have hope that I can find some part time job in the legal profession on the side. I am kind of sad because I really enjoy learning about the law and I would have loved to find a job with my education and experience. However, the cliche is true: once you leave the legal field it is EXTREMELY hard to go back.

On a lighter note, my investment club has recently brought in some personal finance speakers to help us figure out ways to eliminate student debt. I have found some useful new tips that I will post in the near future.

In the meantime, enjoy your holiday weekend and have a happy new year! I think the worst of the recession is over, and 2012 should be a much better year for us than 2011. I hope all of you who are unemployed and underemployed find good jobs and work towards a great 2012! It should be a great year for all of us..except maybe the deans of the law schools.  :)

- The Poor Paralegal