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Opinion: What's going to happen to doctors? Look at what's happening to lawyers

The Washington Monthly, February 17, 2014

The story of the legal profession is one of the more interesting subplots to the Great Recession. There was a time, not so long ago, when if you were an intelligent college student, with some interest in financial stability as an adult, law school looked like a great idea. Assume a fair amount of debt and then graduate and make a lot of money in corporate law. And then the bottom dropped out. With the collapse of the American economy in 2008 the legal market imploded. Firms aren't hiring, and aren't promoting, the way they used to