Is it still true that Pittsburgh has too many lawyers? Absolutely. Is is still true that major corporations are leaving Pittsburgh? Well, Mellon just moved corporate to NY this past year, for starters...
The more important point for incoming students is that Pitt won't give you access to the firms that service these corporations. K&L Gates, for example, has 20 summer associates this summer...only ONE goes to Pitt. ONE.
I'm taking the bar in two weeks. I can't tell you how many of my friends are still unemployed.