A report out of Colorado on Wednesday provides even further evidence to support what we all know to be true: it's a terrifically bad time to be in law school.

According to this story in Colorado Law Week, only about 35 percent of the University of Colorado School of Law's class of 2009 had jobs at graduation, down from 55 percent the year before. The law school at Denver University didn't provide Law Week statistics, but Misae Nishkura, the assistant dean for the school's Career Development Center, confirmed that "there are...