We all know this is true. The law profession is glutted. Meanwhile, most graduate school students in engineering are temporary residents from foreign countries.
A recent article in Business Week highlighted this.
At all levels, the industry suffers from excess labor. The number of people with law licenses grew from 212,600 in 1950 to 1,225,000 in 2011—a sharp change from a ratio of one attorney for every 709 Americans to one for every 257. Forty-five thousand newly minted attorneys become available every year in a field with only 25,000 job openings. Law firms of all sizes laid off attorneys during the lean years of 2008 and 2009, and hiring has not fully rebounded.
These people have to make a living. They make a living by getting money from the rest of us. Lawyers sue. Lawyers defend against lawyers who sue.
The old story from the 19th century was true. A lawyer in a small town has almost no business. Then another lawyer moves to town. Now they both have lots of business.
Before anyone goes t graduate school, he should find out what the job market is like. He should estimate what it will be like after graduation for newly-licensed lawyers. But young people are naive. They assume that a piece of paper will assure them of employment.
In engineering, it will. Not in law.