I think there's value to JP's post.  The article was interesting.  I remember in LS hearing how in the days of yore, only 1 of 3 students would actually graduate (other law-students would either give up or get booted).  Nowadays, it's pretty much mandated for everyone to graduate.  When provinces (at least Ontario) pump out some 1500 new lawyers every year, supply is bound to beat demand.  Myself and other ppl I know had very difficult time finding articles, but we did.  I know lawyers who take advantage of this and hire students for less than minimum wage. 

Respecting the "big corporate clients" I sometimes wonder how Bay street firms stay profitable.  It's not that corporate clients take their work in-house, but that they take their business uptown (I know this first hand).  Why have a large firm do the work for $500/hr. when you can have a medium-size firm do it for $225/hr.?  Yes, the work is not as good, but at more than half the price off, it's still a bargain.

"Not me. I'm going viking style with all my meagre possessions and savings put around my body in a boat then torched. I figure the residual alcohol content will mean fireball on ignition." - the great Minister of Love