So you guys are saying that one shouldn't go to law school unless they have top grades from the top schools, much less even begin thinking about getting a job as a lawyer.
I would say for certain jobs, the hiring environment is exceptionally competitive.
If you said that you wanted to practice family law or crimlaw or PI or something like that at graduation, and you have a 153/3.0 I'd say go for it. That's a reasonable aspiration. You can get into those fields without graduating from the very top schools. In fact, those are areas where sometimes a person with really good interpersonal skills can do well. Sometimes being able to play to / read a jury is more important in PI or crimlaw than being a top go-getter, ultra-detail-focused person.
Securities law? Exceedingly competitive. Every aspect of it. If you want to work for the SEC, I hope you can afford 2 Summers paying rent in DC because the SEC internships are unpaid. And they're competitive as hell. Lots of top school students go there because they want to save the world (and/or get a job on wall street at $300,000 after a few years working for the SEC). Want to work on Wall Street? I don't even think those guys are aware that schools outside the Ivy League exist. Want to work in securities litigation for a firm in private practice? You may not need to graduate from ivy league schools (though you probably should), but you need to graduate from a top program in the top of your class.
With 153/3.0 you're looking pretty much exclusively at 4th tier schools. You can take a flier and there's probably a 3T somewhere that will take you, but there won't be many.
There are various sites where you can plug in your numbers to get your idea of acceptance at various schools. This is one:https://officialguide.lsac.org/release/OfficialGuide_Default.aspx
With your scores, you're looking at schools like Akron, Albany, Arkansas-Little Rock, etc. Don't take my word for it. Go visit one of their campuses or get in touch with some alums. Ask them how many of their graduates got placed on Wall Street last year.
As for whether or not to go to law school, only you can decide that for yourself. I'm not saying you shouldn't go. I have no doubt that you can get into a law school, you can probably graduate, you can probably pass the bar, and if you work hard enough, you'll eventually probably be a damned fine, well-paid attorney.
I just don't think you stand a snowball's chance of working in securities.
As you consider whether law school is for you or not, I'd ask myself: what has changed since the 3.0/153? Not trying to kick you when you're down, but those scores suck. Seriously. I have a 3.0. It sucks. It's a terrible undergrad GPA.
What will be different this time for you? Why will things be different?
Because the hiring picture is awful right now, and it's especially awful if you are an average student, or worse, at a 4T. I ascribe no negative or positive value judgement at all when I say this. That's just the way it is.
As for me, my money has largely been made. I have a source of income that doesn't require me to earn anything in the law. I attend a 4T. My goal is to start a PI practice at graduation. I have the luxury of not needing an income while I establish my practice. Even so, it's a hard slog out there. Lots of attorneys. Only so much work.
But you don't have to be a 4T student to know what's happening. You also don't have to be a Yale grad, either. Unless you're the type of person who has to get burned by a hot stove to figure out it's hot, you can figure all this stuff out just by talking to folks and doing a minimal amount of reading.
I wouldn't say to avoid going to law school. If you want to go, like I said, I figure you stand a shot at success. There are a lot of reasons to go to Law School. At least half my motivation is that I want to be able to say I am an attorney before I die. At least 50% of my reason is pure bucket-list, alone. I don't know what your reasons are, but if the reason is because you want to work in securities law, I sense that you really haven't researched this at all. You might want to look into things a bit more before you jump onto this ride.