I have been saying all the while that lawyers today are a dime a dozen. Almost 11,000 people sat for the New York State bar exam in July of 2007. Around 70% passed, adding to the 91,000 attorneys already practicing in the five boroughs. (see here) The flooding of the market is leading to diminishing wages and the prestige once associated with practicing law is also decreasing. Finally an article that complies with my thoughts.
N.Y. Times Article
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