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http://insidethelawschoolscam.blogspot.com/
What percentage of the time is still quite obscure, because we don't have good stats. Although the Law School Transparency people are doing fantastic work with the data available to them, that data is quite bad. We don't know the answer within a tolerable degree of accuracy to such basic questions as "what percentage of graduates of ABA-accredited law schools, and of particular schools, have full-time salaried (aka. real) jobs that require a law degree (i.e., law jobs) nine months after graduation, and what do these jobs pay?" We have even less information about people further down the line, which is actually even more crucial.
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