This is 100% correct. My dad graduated undergrad and med school, and continued to be extremely involved until the last few years. Shalala's asinine purchase of the hospital, Goldschmidt, and some other things made him much less active.
For me, the law school career center was 100% useless. I got a masters in accounting before starting law school and got an LLM in Tax. Obviously in 2009-2010 there were not many tax law jobs to be had, so the big four accounting firms were fortunately a viable option to start my career. The law school career center did nothing to help in my efforts to go in that direction, and I wound up networking and getting the job entirely on my own.
Incidentally, Big 4 law firms hire a ton of attorneys out of school, which is a great way to start building your resume before pivoting back to law. There is still zero effort made by the law school to help their students have more job opportunities through that avenue. They are more worried about continuing to teach Elements to 1Ls a depress GPAs with a 2.7 curve. To your point, because of all of this, I will never give a cent to the law school and told them to stop contacting me unless it is to connect me with students who would like help starting their careers. Unsurprisingly, I have never heard from anyone.
The tax reform excise tax on university endowments may force Miami's hand into giving out more scholarships, but they need a president with way better vision and aggression. I went to Tulane for undergrad, and their last two presidents are pretty much what Miami needs. I know UM is never getting an on-campus stadium, but coming out of a 1-2 punch of Katrina and the recession, that school has never been stronger. They have rebuilt most of the campus and reshaped it in the last few years, built an on-campus football stadium for a program that no one really cares about, continued to recruit better and better students, use New Orleans to its fullest, focus on its strongest academic programs, entered into tons of new community outreach and job placement programs. We have Frenk that sits in front of his mirror with a can of mousse and a lint roller.