Also in this playlist...
This transcript is automatically generated
Trial are expected -- much and it.
Half of last year's law school graduates actually got a job as a -- that's according to the Wall Street Journal.
The first time the American Bar Association has released this data.
And it puts the value of law schools into question doesn't -- off.
Many of these students are graduating with new widget loan debts without a decent job to go to.
Joining us now is Fox News legal analyst half -- So who do -- UN out of this I'm not graduating now but -- big it's funny because when you tell me this is what we're going to be speaking when I didn't graduate law school in 1992.
The economy wasn't exactly booming -- And it.
When I started law school he right before -- remember talking to some of my friends and I'd like to be this is this to turn it.
This is in the mid eighties live in the last ten commodity you don't make any money don't make any money you wanna go to will be far we make all the money but came 1992.
Just like now.
Oh those big firms weren't hiring.
The government agencies were hiring they have to higher but the big firms weren't.
So I kind of got I was gonna sweet spot but what's happening now is these huge law firms that -- many many young law school graduates that need.
-- -- -- -- -- We -- that -- believe they eat it did that's breakfast lunch and dinner billable billable billable.
Those big law firms don't have.
The they have their own volatility which is which helps them of the mergers and the acquisitions and Pepsi cola is by Kentucky fried chicken and Ed Dunkin' Donuts is -- would Baskin Robbins and -- -- multimillion dollar legal fees.
That everyone always got their heads in their pocket with -- whole week and see attitude.
And it's still it's so we're still -- -- place -- this.
Of the economy which ma is depressing the legal visitors nodded as opposed to America getting fed up with the nefarious activities of look I'm all for the nefarious -- -- But I tell you though is one of my key complaints about America okay I don't have many that this is -- okay.
To two million bullets you -- anybody for anything at any time and -- is wrong so many aspects about lines and I and it looked.
I'd I do not disagree and -- -- -- streets here where -- you be doing real estate closing without having lawyer.
-- New York is not one of them -- -- but I don't disagree with that point of view.
-- I could tell I work very small law practice.
Student data day people.
Where the legal fees I would say that they would take of the checkbook and who -- rated.
On a very minimal legal fees for someone who's got a good jobs -- mid thirties.
He -- -- and I I -- I gave excellent.
Do you take credit cards give me the rest of -- -- -- credit card which was like unheard of in 2004 and 2005 and 2006.
People individuals are doing while the big corporations are doing well no -- we'll take the risk and therefore where I would be willing at this point now -- Twenty years out to hire another associate another.
Kid at a loss to.
I'm -- of this guy have to take out a credit card loan out basically to pay me 2500 bucks.
Then -- better think twice before I committed 60000 dollar salary to one of these schedule coming out of school or Fox News contributor as well well -- Our Internet at -- residue -- -- personals but I mean.
If it's the difference in the last.
Five years is still believe so if the economy if the a couple of months was doing one on why don't -- -- -- the lawyer is vote -- -- for President Obama.
Well that has to do a lot of the tort reform that you're speaking of and I don't know lawyers or lack of missile and black and narrow I think right -- I think I don't know -- that did Q kinds of did the Wall Street law -- which I don't know their vote comments from President Obama I -- it's.
Let's say one thing though I my -- -- fifteen and I always say you know I would love Charlie -- -- get along agree not to be a lawyer but the -- law I can't tell yet find -- the -- and most people I think out there it would pay it would have paid for itself it's not just knowing the law it's.
They teach -- differ way to think it lost -- much more analytical.
Over and always there always an issue of fortune 500 CEOs have -- agreed to in lot of never were professional we'll have not many of them have that pockets where I'm I mean still boring I -- -- -- a white through this guy's got orange with stars I mean.
Number wow that's because you're English you'd think you cool your -- you wedding -- -- so elegant or expect you're living above let's step back I.
Off -- a very good you know them outside all right premises again.
Filter by section