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    #249074 08/05/21 01:05 AM
    Joined: Apr 2013
    Posts: 5,245
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    indigo Offline OP
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    Joined: Apr 2013
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    While the gifted enter many professions, medicine and law may be two which are stereotypically of great interest.

    This law school had the widest gap between student debt and graduate earnings
    By Debra Cassens Weiss
    ABA Journal
    August 4, 2021

    Originally Posted by article
    “Roughly two in three recent law school graduates hadn’t repaid a dime of their principal balance within two years or had suspended payments altogether,” the article reports. “If the graduates don’t pay down interest—often topping 7% in recent years—their balances will grow, not shrink.“

    After the JD III: Third results from a national study of legal careers, 106-page PDF

    indigo #249076 08/05/21 12:18 PM
    Joined: Mar 2021
    Posts: 9
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    Joined: Mar 2021
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    If high debt:income places upward pressure on billing rates and quantities, then there's probably some pass-through to clients. A sort of ripple effect.

    Deborah Rhode wrote about the paradoxical oversupply of lawyers and simultaneous lack of access to representation by those of modest means. Among her suggestions was the need to expand the services paraprofessionals can offer, which a number of states are now piloting.

    Just some other food for thought.

    Last edited by Team3; 08/05/21 12:22 PM.

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