My 2 cents on several issues here:-
1. The legal market will get worse before it gets better.
2. The allure of law will diminish in the coming years because of poorer job prospects and more depressed starting salaries. but young impressionable JC kids will still want to enter law for the lay prestige.
3. The depression in salaries have nothing to do with the glut of law grads but rather business conditions. Even if you have 10X law graduates, the market will only hire the number of grads it needs, say X. Firms will then work these X number of associates to the bone. If times are good, they will pay well. If times are bad, they will pay less.
4. Young law grads these days have many more options than in the past.
5. If you want to get a job, hustle. Business students learn to hustle to get their coveted internships or graduate programmes. Law students should not be any different.