This essay treats a legal education as an investment, and asks the question of whether, based on known costs and expected benefits, such investment should be undertaken. The inquiry will necessarily differ from one potential law student to another. But for three posited “typical students,” the investment is shown to be a bad one.
Yup, about what I would expect. A law degree is hardly the road to riches.
Want to be rich?
Finish college and go to a hedge fund and trade those arcane derivatives that nearly took down our economy.
Want to work in a system that protects individual rights and be derided as the cause of all society’s ills – oh, and have to bill 2000+ hours a year?
Go to law school and become a lawyer. C’est la vie! 😉