Why post-2008? What changed?
Lehman Brothers, Merrill Lynch, Bear Stearns, etc.
To be more precise, the legal market is something like half the size of what it used to be, and the jobs are now only going to students at the top schools. By top schools, I mean ivy league range, so in NY, that would be Columbia and NYU–and even they struggle.
There are 45k students graduating law school every year, and only 15k entry level jobs for them. And most of the jobs are very low paying compared to the debt you need to take for law school.