So you’ve graduated law school and passed the bar, and you’re wondering what to do with your life.
Your law school debt alone is $150,000, and you only have a few months’ forbearance on it.
Recent data from the National Center For Education Statistics places the average debt for a law school graduate at the staggering sum of $145,500, with the monthly payment working out to be a taxing $1,656.
To compound the issues facing graduates, entry-level hiring has decreased, not only at law firms and in the government, but also in public interest arenas and academia.
So with fewer jobs, crippling amounts of student loan debt and many senior attorneys and legal baby boomers choosing to continue practicing past the age of customary retirement, what’s a budding young legal practitioner to do? First things first: Don’t despair! It’s not the end of law as we know it; in fact, I would argue quite the contrary.
Use AI To Review Documents Artificial intelligence is continuing to redefine the practice of law, and nowhere is that effect more visible than in the realm of solo and small-office practice.
Times have changed, and the practice of law is evolving, but as with everything, challenge creates opportunity.