Action Jackson wrote:
AJRESQ wrote:1. You're assuming that liberal arts grads can make $75k - $120k without a JD. I'm not sure that's usually the case. I know it wasn't for me.
This is the problem: you keep throwing around salary numbers (many years into the profession) without tempering those numbers by the debt the person takes on. $75k in salary 10 years out of law school is going to be a lot worse than $50k 13 years out of UG if you're still making huge loan payments, which might be the case.
My point isn't that people shouldn't go to law school, it's simply that people should do THE CORRECT MATH about it. I know several 3Ls who didn't honestly and sincerely take the debt into account when they went to law school, and now they're realizing that they're going to be making less money than their friends (with liberal arts degrees) that just went into the workforce and have moved up the ladder.
I'm hopeful that my insight will be useful in considering law school to prospective attorneys, instead of simply attending the highest ranked school they are accepted to.
Except that the very first thing you said in your post was: "If you get into a T14, go. Going to a T14 will open a lot of doors for you, regardless if where you practice."
While I'm here, I'd also like to address something someone else said:
Education is an investment. Law school is part of that.
People have different ways of using the word "investment." If you're in law school to become a better person then that's cute and fine (understanding that you might owe someone $200k for the privilege). But if we're talking about a FINANCIAL investment, then law school becomes a very, very, very, very bad idea for MOST people. If you're only paying $10k a year and you're at the top of your class at a T14, then sure, law school turned out to be a great moneymaker, but most people aren't in that boat. If you end up making $50-70k and you've got $100-200k in debt, you're going to have a lot of financial hardship, for a VERY long time. Now, if being a lawyer is your DREAM JOB, then that's wonderful, but DO NOT get into law to make money, and DO NOT try and rationalize the enormous cost as an investment.
That's it. Go because you WANT to do the job. But also make sure you understand what DEBT means for your take home and be prepared for dealing with it for a very long time.