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The Financial Review magazine interviews Professor Sam Blay

Dream big, the website promotes. Do law!

What Australia's newest law school does not promote is the difficult job market for law graduates in the post-global financial crisis landscape.

But the Sydney City School of Law's deputy principal Sam Blay says that economic growth and increasing international engagement calls for better equipped graduates with innovative skills that stretch beyond what is needed for law firms and court rooms - and he is confident that they'll get jobs.

"The concern that law graduates struggle to find jobs is usually based on narrower perspectives of the law degree," said Professor Blay.

"We see the law degree as a versatile qualification that equips the graduate to engage in a variety of employments besides working in a law firm."

Professor Blay said that surveys showing an oversupply of lawyers focused on big and mid-tier firms and gave inaccurate pictures of the opportunities available.

The Productivity Commission has noted the increasing number of law graduates, but does not see the need for imposing constraints, pointing out the stable incomes of starting graduates and the fact that they do not necessarily enter the legal profession.

"Increased entry fosters competition in the profession and therefore improves the responsiveness of firms," it wrote.

"This can improve access to justice."

Professor Blay said that the employability of graduates was determined by their ability to "meet the varied demands of the economy and the market place in a world increasingly driven by complex regulatory structures".

"As legal educators, it is important that we see the role of our law graduates more broadly and certainly beyond the courtroom and the law firm. We owe it to our students and indeed the wider community to explain and encourage this expansive role."

In a video message on the school's website, dean Eugene Clark says its students will "not only prepare for a future, they will help create the new future".

"Particularly if you are a student who likes to be around the buzz, the excitement, of the creation of a new institution... [it will] be a very exciting place to be," Professor Clark adds.

Run by Top Education Institute, it will begin offering classes from 2016 and is located in the Australian Technology Park in Sydney.

There are more than 40 law schools in the nation.

Interview by Katie Walsh in the "Financial Review"