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Hi, folks!
Over a year ago, I relayed a story involving my decision to enroll in and bail out of a non-T14 school (won't rehash, but you can still see original post). Just want to post an update and get some insight into whether law school, or any grad school, makes sense for me.

Early in 2020, my father was diagnosed with stage 4 pancreas cancer and I spent the following year handling his care, death, and estate. This experience left me with a low-mid 7 figure inheritance, which is managed by my multifamily office.
I have the option to work in commercial P&C insurance or surety underwriting for several multinational insurers. These jobs come with robust training/sponsored certifications and have starting salaries of ~$65000. The rub is that my long-term (after 10-15 yrs) actively generated earning potential may cap at $200k-300k unless I move to the commercial brokerage side. Regardless, work-life balance can't be beat and my net worth will be more than enough to not rely on that salary for retirement.
Before my dad got sick, I was attempting to recruit for investment banking roles and had no real luck after ~8-9 months of circular "introductory" and "networking" calls. My net worth at the time was $255k.
Truthfully, I don't have an intrinsic desire to practice law, but am interested in financial gain.
I don't plan on spending any investment principal/gains for many years and just want to let it compound in perpetuity.
Would law school or any grad school make financial sense for me from a pure earnings perspective?

Really sorry to hear about your father.

I don't think law school makes sense for you.

I'm sorry to hear about your father, I know it could not have been easy and I hope you and your family are recovering/doing alright.
As far as law goes, I really wouldn't; you'd effectively be taking a gamble, and the downside (a very real downside) is worse financially than the place you are now. I think you've got a good gig going and I'd stick with it.

crazywafflez wrote: ↑

Fri Jan 29, 2021 1:00 pm

I'm sorry to hear about your father, I know it could not have been easy and I hope you and your family are recovering/doing alright.
As far as law goes, I really wouldn't; you'd effectively be taking a gamble, and the downside (a very real downside) is worse financially than the place you are now. I think you've got a good gig going and I'd stick with it.

Would you have pursued law school under these circumstances? Regardless of what I do, I should probably have an eight figure net worth by late 30s/40.

If you don't have any interest in law and are only interested in financial gain, don't go to law school.Take your money, invest, and enjoy life. If you're going to have an 8-figure net worth by late 30s, law isn't going to offer you anything.

Seems clear from your post that you do not have much interest in a legal career.