The nation's 200 accredited law schools will spit out about 43,000 graduates next month, with roughly half of those lawyer-hopefuls expecting to take jobs in private practice. They will be entering an employment market that already is swarming with thousands of laid-off associates who are in about as much demand as a five-year lease on a full-size Hummer. The upshot is a massive pile-up of attorneys looking for work in an environment that is pitting would-be attorneys against more experienced competitors.

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