I did poorly during my first semester of law school and the second semster ended similarly. I'm currently enrolled in summer school and am doing two judicial internships. I go to a T2 school w/ a B curve. Is it worthwhile to continue (i.e. will I have any job prospects)?
Degrees either have latin honors or don't. You won't, but after your first job you will be indistinguishable from a peer who just missed cum laude. Sort of not fair to him or her, but that's the way the cookie crumbles.
Define "awful." Considering most schools even in the T2 have like 90%+ people having jobs 9 months from graduation I'm sure you will get something. It just might not be that fat 6 figure job you were hoping for.