Recent law school grads are having a tough time finding a job, and there’s a very good reason for that: the recession drove tons of people into law school. Between 2007 and 2009, the number of people who took the LSAT shot up 20.5%, Slate reports, as students decided to sit out the recession in classrooms. At the same time, loads of universities have tacked on law schools—critics accuse the Bar Association of approving too many.
Meanwhile, demand for lawyers has plummeted, leaving the job market for new graduates in a terrible state. The big firms that hire roughly 28% of recent grads have slashed associate programs in each of the past two years. Those who do get jobs will get much lower salaries than they were counting on when they signed their student loans. Unsurprisingly, graduates are furious. (Especially this guy.) Some have even decided to sue. (Read more law school stories.)