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Next debt bomb: law school student loans

A spate of recent news stories suggests trouble for America’s 200-plus accredited law schools. It’s summed up in the title of the cover story in the January 2012 issue of the ABA Journal: “The Law School Bubble: How Long Will It Last if Law Grads Can’t Pay Bills?”

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Can law firms afford pensions?

It has been estimated that by 2020, 400,000 lawyers will retire. However, this estimate was made before the financial crisis of 2008-10. Since then, a high number of lawyers who had expected to retire decided to continue their practice.

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