Harvard Law Graduates having difficulty finding private sector jobs?

An article in the ABA Journal reports that some Harvard Law students have been having difficulty finding jobs at (presumably large) law firms.  I suspect that those students will eventually find employment at small and medium-sized firms.  However, it makes me wonder how students at less prestigious law schools are doing.  This is yet just one more piece of evidence that we are training far, far too many lawyers and that we need to dramatically reduce the number of seats available at the law schools, preferably by closing many of them.