It’s no secret that here at Vault, we love a good law ranking, and we hope that our rankings help job hunters find the best firm for them by emphasizing positive traits. Taking a different approach, U.S. News & World Report recently released a list of schools that prospective law students may want to avoid, a list of law school graduates with the most paralyzing debt. Below are the top ten law schools with the highest average indebted 2013 law graduates who incurred law school debt:
Prospective law students should also keep in mind that due to the glory of compound interest, their debt will continue to grow even as they pay it off, especially if they are taking advantage of income based repayment programs. When faced with sacrificing three years of their youth to law school only to be spit out into a job market where first year associate salaries continue to decline, it is no wonder that more and more prospective law students have decided to pass on taking out over $150,000 in loans.
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Earlier this month, the National Association of Women Lawyers released its “Report of the Eight Annual NAWL National Survey on Retention and Promotion of Women in Law Firms,” a survey of 200 of the largest law firms in the United States for 2013, that mirrored the findings in Vault’s 2013 Law Firm Associate Survey. While some of the results were depressing, possible gender pay gap, barriers to promotion, the NAWL Report also highlighted some indicators that female attorneys should take note of when looking for their dream firm job.
For many of today’s law students, firm culture, location, and practice area remain the most important factors in deciding where to apply. Recently, students have discovered that evaluating these factors — and making the right choice for their legal career — is easier when opting to apply directly to firms for summer positions.