Following up on yesterday's post, USC Launches Graduate Tax Program:  the National Law Journal reports that USC Will Market Tax LL.M as Recession Insurance:

The new tax LL.M. is designed to attract working professionals who plan to specialize, particularly in light of the tight job market, [Dean Robert] Rasmussen said. "We sat down with partners at law firms and asked: What do they value? What do they see that is more likely for them to hire someone? The one thing they talked about is the tax LL.M," he said.

"I think tax is a very complex and specialized field," he continued. "Tax lawyers are always in demand. You would think our tax code would be changed, both in California and the federal government, which both have budget crises. And it's reasonable to conjecture one response to the crises is [that] they'll amend the respective tax codes one way or the other. That will continue to increase the demand for tax lawyers."