I just read an intriguing report of a symposium on "The Debt Crisis in the Legal Profession." Here are some notable excerpts:
"[A] time of true crisis in the legal profession may be just ahead. Data . . . indicate that law graduates are defaulting on their educational debts in disproportionately high numbers, and, according to the responses generated by financial aid and admission professionals during the Symposium, the debt/default phenomenon could have a dire outcome unless the entire legal community comes together in an effort to resolve it."
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