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Not true atleast for top UK schools. From personal experience. Can't say bout america
Which university was that? If you don't mind revealing because I have read that universities abroad don't prefer freshers.

Also what was your answer to the why MBA question?
INSEAD consulting placement sucked this year. Specially for lawyers - nobody could pivot.
Let me give you a more real picture, given I recently graduated from a top b school in USA. Most of my batchmates (including Indians) got very good roles. Average salary was 200k USD approx. It’s tough these days but if you get a top college and work hard, you will be fine.
If people can afford 1 cr for an MBA, what’s your problem? Also, FYI there is a steady demand for MBAs.
Bump

Kind of jumping in on this thread with a related query
In the event breaking into a law firm is not possible

Would an in-house stint at a decent company add value?