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The Lawyer Bubble: A Profession in Crisis

Book Description

Forty-five thousand law students graduate each year with an average of more than $100,000 in debt. Upon graduation, only half will find jobs requiring a legal degree. Those lucky enough to land a job with a firm will find that an obsession with misguided short-term metrics has transformed a once-noble profession into just another business. They and their colleagues will face high rates of depression, and the majority will counsel their own protégés to choose a different career path. In The Lawyer Bubble, lawyer and law professor Steven J. Harper investigates how the legal profession arrived at this crisis. He indicts the widespread fixation on rankings, the bottomless greed of equity partners, and the abdication of responsibility by law-industry leaders. In this meticulously researched and passionately argued book, Harper exposes the dirty secrets behind the legal profession’s malaise and explains what steps can be taken to repair the damage before it’s too late.