I think the situation plaguing law is more complicated than the oversupply we hear about. There are a ton of "lawyers" but not a ton of well trained lawyers. Its actually almost the opposite problem of what you fear happening in medicine(too many residencies leading to too many fully trained doctors). There is nothing like residency for lawyers, and law school doesnt teach you how to actually be a lawyer, so the training falls on the first employer, whether it be a big law firm, government agency, small law firm or business. That first employer is the closest thing there is to a residency for new lawyers, where they can actually learn how to practice their craft. The problem is that there are too few employers that take inexperienced grads relative to the yearly total of graduating law students. The older lawyers that I know(and the lucky few younger ones) that were able to get a law gig out of school are all doing fine in private practice or government work. I dont think most lawyers who were able to actually get training in how to practice are struggling. So I think medicine would only be comparable to law if we had a situation where there were twice as many US grads as residencies available. That being said more residency spots might be a bad thing as well, I just dont think it is comparable to the problem law faces.