Very true. I've been watching what has happened to friends, cousins, and their children who went to top-tier law school and graduated within the past five years. Many of them have not been able to find jobs despite graduating summa cum laude. Some have gotten crappy, sad jobs; others have not been able to work in the law at all and are teachers, telemarketers, or salesclerks. They find that people are actually prejudiced against them in the workplace because of their law training, and they're in real financial trouble. The only two who have done well were people who previously had a LOT of real-world work experience and accomplishments, and combined that experience with the law degree to start their own business or boutique law practice.
Before your son racks up a quarter of a million bucks in academic loans he's going to have to pay back, he had better have a plan for what sort of business he's going to do. The world is not going to improve all that much between now and the time he graduates from law school.
“They find that people are actually prejudiced against them in the workplace because of their law training”
Anyone who has had a negative experience with attorneys will likely be hesitant to deal with someone with legal training. I will likely never accept a contract on a house from an attorney unless I am prepared to take him to court when he violates the contract. Most attorneys would probably never contemplate his actions but one bad experience puts one on edge.