The lawyers don't think so.

http://www.americanbar.org/news/abanews/aba-news-archives/20...

"The predicament of so many students and so many recent graduates who may never procure the employment they anticipated when they enrolled in their law schools is a compelling reality that should be heeded by all who are involved in our system of legal education

http://blogs.wsj.com/law/2013/09/18/associate-salaries-essen...

overall slack demand for legal services by deep-pocketed corporate clients has confidence slipping among law firm leaders