The NATIONAL LAW JOURNAL has again featured the risky, perhaps, reckless investment law school has been recently and remains currently. The research of Herwig Schlunk is again trotted out. If this attracts traffic and comments, the editor and reporter Karen Sloan bet right.
However, we have moved beyond the issue of the JD as not providing the earning potential, long term financial security, status, access to intellectually stimulating assignments and a gold-plated network that it once was purported to do. The larger reality is that in a turbulent global economy disrupted by technology, few Ivy League degrees have what was considered to be the traditional payoff of a distinct edge. Horrors, it is dawning on those who jumped through all those hoops to get into and get through the Ivies that such a journey might have simply resulted in being lost in an illusion of entitlement for a lifetime.
Ivy credentials do still open doors. They remain, in the hands of those who know what they are doing, a useful tool. On the other hand, for too many they have hardened into a lifetime liability. Their great expectations make them appear caricatures of the winners of a more stable economic order. Can the lost find a new path to even making a decent living? The jury is out on that.