From OP's wife: the reason I want to go to law school is simply because that was originally what I wanted to do however, a major in poli sci in undergrad was not going to pay much since I wanted to delay LS a few years after UG. I 2nd majored in Finance and ended up taking a job in that field after UG. Then my company had a generous MBA reimbursement program so I took advantage of that to get my MBA while climbing up the salary ladder in the process.
In the back of my mind, I always wanted to go back to LS and combine that with Finance for a corporate finance/legal type role but having second thoughts looking at the current economy and the possibility I might come out at the same level or slightly higher income but with a humongous debt
It seems she verified my concerns in my question, chiefly that she does not have legal experience/has not talked with lawyers/does not know what lawyers do. She just has that 'back of the mind hunch', that 'lifelong dream'. The legal profession is smothered in people who just always thought they wanted to be a lawyer, get into the industry, and end up hating it.
Had she answered something like "I really enjoy legal research on lexis. I believe I will be good at and enjoy pouring over documents to recite facts in my brief with proper citations. I will enjoy reading caselaw, extracting the holding, and explaining why the record fits with that case. I will tolerate writing down what I do every 6 minutes. I have no problem with long hours. I understand that doing corporate law means I will not interact with clients and I will be doing a lot of compliance work. Also, I have spoken with several lawyers about what they do, debt loads, etc."
But instead, like my friends still in undergrad, she seems to be saying "well I just always had this hunch. my parents told me when I was a kid I was really good at arguing and making my point so...."
Anyway I think I've made my point here so I wish you both the best of luck in whatever you all choose.