A recent article in the Wall Street Journal (WSJ), "Hard Case: Job Market Wanes for U.S. Lawyers", reported on the large number of law school graduates suffering under large debt with surprisingly low salary prospects.
If only these prospective law students had been reading this blog. They would have understood the difference between median and mean, and that only 10% of students can be in the 90th percentile of salaries :-)
While the Wall Street Journal focused on the somewhat misleading marketing done by second tier law schools, in truth there is plenty of data available, e.g., from PayScale's research center, on just how low the typical median starting lawyer salaries are.
In this post, I'll look at lawyers salaries: the top, the bottom, and the middle. Yes, for specific skill sets and employers, the attorney salaries are still good. That pay just is not the typical (median) law student's experience.
Is your salary above or below the median for people like you? Find out with the PayScale Salary Calculator.