I'm going to get all wishy washy and agree with both of you. Citylaw and Loki both bring up relevant truths.
Clearly, the legal job market is bad. There are too many law grads for too few jobs. No question about it.
I meet people literally every single day who graduated from schools that you've never heard of, and are successful PDs, DAs, small firm lawyers and solo practitioners. In that sense, Citylaw is right. A highly motivated graduate of a T4 who knows how to hustle and is willing to take some risks will probably do better than a T1 grad who says "But I went to a good school. Give me a job befitting my prestigious education."
The problem I often see is that 25 year olds who have no meaningful real world experience simply cannot navigate the job market effectively, let alone possess the skills to strike out on their own.
This is purely anecdotal (so take it for what it is), but the somewhat older part time students at my non-prestigious law school had better employment stats than the younger full time students. They already knew how to navigate the job market, and were perhaps more realistic about their options.
Hey, I'm not trying to be all doom and gloom! I just take real exception to the claim that there are jobs for anyone with a bit o' spit and polish. There aren't.
Up until this year (I moved) I worked closely with my school's alum office. And the market out there was ... rough. Are there a lot of variables? Sure. How you did in school. Your prior experience. Your connections. Your "gumption." Where in the country you are located. Your willingness to move to find a legal job.
But it's not true that you can just find a job- even a PD job. Even a job working for the State in family law proceedings. And working as a solo practitioner, straight out of law school, is incredibly hard. There are some people that are able to do it, who are able to build those connections quickly, who have the work ethic, who quickly understand the difference between law school and the practice of law. But there are more failures than successes (and I would always recommend someone get some experience, of some kind, before hanging their shingle).
And that's what I will always push back against. The reality is that for just about half of the people that go to law school right now - there won't be a legal job at the other end. Another significant percentage will be in legal jobs that, to be honest, don't pay well and aren't well-respected (which means that law school, from a strictly numbers standpoint, is a three-year long bad investment). On the other hand, if a person takes the time to understand what the legal profession really entails (not TV shows), and dedicates themselves to law school and then their career, it is an immensely rewarding profession.
Although I still haven't gotten to write, "Suck it" in a brief. Someday. It's good to have a dream.