The real lead on the ABA jobs report which was released Monday (here is Karen Sloan's summary in THE NATIONAL LAW JOURNAL) might be:
"Just a little over 10% of law firms with 101 or more lawyers hired 2011 JDs for full time, long term law jobs."
That kills off or should deep-six the fantasy many young people have about their shot at a prestigious high-paying intellectually stimulating job practicing law at a large brandname firm. That fantasy propels them to invest three years of their lives and six figures into matriculating for the JD degree. They are also buying into then having to pass the state bar examination and maintain a record of ethical conduct.
The present reality, according to the ABA numbers, is that for about 90% of JDs things just don't play out that way. In fact, about 45% will not obtain full time jobs practicing law anywhere within about nine months after receiving their degrees.