Too many IP lawyers in the future?

really curious, is the following true?

I don't know what law you are interested in. Assuming you are into patent
law, which the choice for the majority of us, you probaly want to think
twice. This is not meant to discourage you, but there are way too many law
students wanting to do patent law. It is scary. We were asked to introduced
ourselves in two recent courses, about 20% to one third of each class are
either current patent agents or want to practice patent law. They are mostly
American students. If you are not in school right now, you probably have
missed the boat. I strongly suggest that you keep yourself open to a few
other options, such as, international law, security transaction,and
immigration is not bad either condsidering the pending proposal.

如果用一派胡言来形容， 是有点过了， 但是可以说， 这段话的可靠性就跟中国经济在一两年内就完蛋差不多。