Hawkeye Pierce wrote:NYC Law wrote:My bottom line is you said 2-3%. Optimal/Normal inflation is 3%. Less than or equal to =/= leaps and bounds above.
The top paid professors don't even break 200k last time I checked. I mean, for high profile professors that teach and publish and have close to 800 pages worth of exams to grade any given semester when they could have just stuck to the biglaw path and made more, the pay isn't really that high. I don't know what administrators are paid. The majority of the money just goes to fund the parent university.
Not really. I imagine being a law professor is a pretty cushy job.
--LinkRemoved--In the 2010-2011 school year, U-M’s highest-paid employee is Law School Professor Mark D. Rosenbaum—taking in an impressive $805,092 per year. Rosenbaum has been teaching at U-M since 1993 and is the current legal director of the ACLU in Los Angeles. He has an impressive legal track record, having argued a number of cases before the U.S. Supreme Court.
The next two highest-paid employees are also Law School professors. Karl E. Lutz and Alison E. Hirschel each earn substantial salaries of $774,671 and $738, 420, respectively. In fact, twelve of the top twenty earners are affiliated with the Law School.
2006 law salaries at UVA and UC system
http://taxprof.typepad.com/taxprof_blog ... w_pro.html
Median at Harvard from a 2007 survey was 241k
2009 survey shows median salary of professors at schools like Emory, Minnesota are in excess of 200k.
http://www.saltlaw.org/userfiles/SALT_s ... y_2009.pdf
And you're right, it does seem like (at least for Michigan) tuition increases are way above inflation:
- 10% increase from 2006-2007 to 2007-2008, 8% increase the next year. And in years previous we see similar rates of increase.
http://www.law.umich.edu/historyandtrad ... istory.pdf
I was honestly expecting something smaller
Yeah I was off, just double checked. At some point over the semester I looked it up and there was a prawfsblawg entry with salaries and they were all pretty low, but now I can't even find it anymore.
-Though the average salary is still just under 200k overall