The Myth of Practicing Law

Published: Feb. 4, 2011, 5 a.m.

Attorneys are commonly viewed as wealthy individuals, but according to a recent study out of Northwestern, upwards of 15,000 attorney and legal staff jobs have been eliminated as companies scale back on legal expenses. Those recently departed from law school may have their eyes set on the dollar signs ahead in their career, but as David Schmoll reports, those dollar signs may be a bit further down the road than a lot of society thinks.