Lawyers plan to sue 20 law schools

Law school used to be thought of as a safe way to eventually land a high-paying job. But a growing number of students and lawyers say that studying law isn't anymore practical than becoming a starving artist.

Eight law firms held a news conference Wednesday announcing that they would file class-action lawsuits against 20 law schools in late May, the Chronicle of Higher Education reported. Seventy-five students have joined the suit as well.

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The legal team said that law schools overstate the success that students have once they graduate. 

"There are tens of thousands of young lawyers saddled with massive debt and few job prospects," lawyer David Anziska announced, according to the Chronicle. "I truly believe that at the end of this process, nearly every law school in the country will be sued."

Back in February, the lawyers initially filed lawsuits against 12 schools and announced plans to sue 20 more schools about every three months.

The two highest-rated schools in the latest round of litigation are the Pepperdine University School of Law and American University Washington College of Law, The National Law Journal reported. 

Last year, the New York Times also reported that law schools might be misleading potential students. According to the Times article, law firms have cut 15,000 jobs since 2008. Yet law schools continued to paint a rosy picture, telling students that graduates had an average employment rate of 84 percent.

“Enron-type accounting standards have become the norm,” William Henderson of Indiana University told the Times.