>> A key difference is that the legal pipeline isn’t sensitive to federal funding to govern supply of qualified new lawyers the way the medical pipeline is for doctors, though; there’s nothing analogous in law to the reliance on medicare funding of residency slots in medicine.
This a myth. Residency funding from medicare is an excuse because the funding is so limited and profits are so high. The real bottleneck here is the number of seats opened up by the specialty medical boards. Residents earn very little, under six figures, yet billings for residents are multiples of that. Even after resident stipends, benefits, tooling, and infra, i'm certain medical billings more than cover costs.
This a myth. Residency funding from medicare is an excuse because the funding is so limited and profits are so high. The real bottleneck here is the number of seats opened up by the specialty medical boards. Residents earn very little, under six figures, yet billings for residents are multiples of that. Even after resident stipends, benefits, tooling, and infra, i'm certain medical billings more than cover costs.