A J.D. degree is not worth what it once was as the legal industry wrestles with unprecedented business changes.
Only in 2007 was that halcyon era of $160,000 starting salaries and full employment even for law grads who had scored in the 150s on their LSATs. Those days are over. As the profession lurches through its worst slump in decades, with jobs and bonuses cut and internal pressures to perform rising, associates do not just feel as if they are diving into the deep end, but rather, drowning.
