Law School Transparency, a Georgia-based non-profit legal, education policy and watchdog organization, whose mission is to make entry into the legal profession more transparent, affordable and fair, has a new tool to help prospective students make better decisions about whether and where to apply to law school.
LST Score Reports has enhanced their tool by letting the user customize the experience, by helping people understand the actual costs of obtaining each individual degree, the effects of interest, the effects of cost of living and scholarship discounts. Kyle McEntee, the Executive Director of Law School Transparency, says they can help them make a better prediction about their financial future.
They allow prospective students to take the data they have and sort it in a variety of ways to see how each school matches up to their personal career goals, says McEntee. The feedback they receive is that people are happy they exist and without their sites, they wouldn't know what to do.
According to McEntee, 2 to 3 employed graduates wok in the same state where their law school is located and yet, because of the U.S. News rankings, people think that schools belong on a national scale. Today, he says we have a flat legal job market and the cost of 2013 is not looking much better than 2012. "The future still looks fairly grim," McEntee says, because enrollment is still nearly 40,000 students and the current entry level market can't support that.
Specifically, there are 46,000-47,000 graduates in the class of 2013 and only 25,000 long-term, full-time legal jobs. McEntee notes that we have to take into account the U.S. Bureau and Labor Statistic's projections for the next 10 ears averaging 20,000 new jobs each year, which accounts for structural changes and retirement.
The average costs of law school, depending if one is debt-financing or paying out of pocket, is about $200,000-$300,000. "It's getting better but there's still a long way to go," says McEntee.
Kyle McEntee is the Executive Director of Law School Transparency. For more information on their new tool, go to lstscorereports.com. He spoke with the Legal Broadcast Network, providing online, on-demand, legal news video content. The Legal Broadcast Network is a featured network of Sequence Media Group.