[Henry17]

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Are you sure? I'm fairly certain the opposite is true, especially if you're from a top-rated school. Remember the burnout rate for new lawyers (at least at top firms) is very high. Those lawyers certainly go on and do something worthwhile.

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I can't speak for the US but in Canada if you don't get an articling position at one of the seven sisters (the biggest firms) you'll never get a job at one of them.

I was the silver medallist at my law school plus I have a pile of other degrees and plenty of contacts who would lobby for me and I still would estimate my chances at 25-30% of getting into a major firm after nor working for 8 years.