Worth going to Law School if... Forum

[83947368]

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[The Gentleman]

Have you thought about taking that 200k and starting a business instead?

[deadhipsters]

Have you thought about taking that 200k and starting a business instead?

I'd rather open a bar or some sort of brewery. Good call gentleman. It's probably a less risky venture than LS.

[Knock]

Have you thought about taking that 200k and starting a business instead?

I'd rather open a bar or some sort of brewery. Good call gentleman. It's probably a less risky venture than LS.

Take the 200k and start a student loan company. Invest in some HYS students and profit.

[TheFactor]

Penn is overrated...I don't know how other "top" law schools are...but I know plenty of 3Ls here without a job...and another who accepted a job at a small law firm. In fact, Penn Law is registered as a participant in unpaid law clerk program with state trial courts in PA. My understanding was that top schools grads dont even consider state trial clerkships and here you have a school promoting an unpaid judicial clerkship program with state trial courts...I mean common.

you crazy bro?

Did you not just read the content of my post?

I'll take that as a yes.

[Pricer]

Have you thought about taking that 200k and starting a business instead?

I'd rather open a bar or some sort of brewery. Good call gentleman. It's probably a less risky venture than LS.

If I had $200k lying around, I think that this would be a much more fun and possibly more profitable idea.

[EdmundBurke23]

Think about it:

Invest that $200,000 dollars into an index fund. If we assume 8% interest (a little generous, but we're going for the longterm, so it's okay):

10 year ~ $400,000+
20 year ~ $900,000+
30 year ~ $2,000,000ish.

Go become a policeman; you'll be set for retirement with that money thirty years down the line.

[Pricer]

Think about it:

Invest that $200,000 dollars into an index fund. If we assume 8% interest (a little generous, but we're going for the longterm, so it's okay):

10 year ~ $400,000+
20 year ~ $900,000+
30 year ~ $2,000,000ish.

Go become a policeman; you'll be set for retirement with that money thirty years down the line.

Go be a teacher. Work 190 days a year for a pretty good government salary and benefits. Summers off, bro.

[Alex-Trof]

Become a landlord. Thats what I would do if I had 200K lying around. Put some money down, finance the rest. Get few cheap places that are easily rent-able (growing areas, around schools, etc...). Make some money on rent, get more properties, and so on.

[TheTopBloke]

... it's a shitty school (TTT or TTTT) but ZERO loans (if I go) when I graduate?

Absolutely. If it's ABA accredited it's fine. It's only a shitty school relative to US News rankings and douchebags.

[ResolutePear]

... it's a shitty school (TTT or TTTT) but ZERO loans (if I go) when I graduate?

Absolutely. If it's ABA accredited it's fine. It's only a shitty school relative to US News rankings and douchebags.

I believe Ford used this same analogy with their Pinto models back in 1977.

[TheTopBloke]

... it's a shitty school (TTT or TTTT) but ZERO loans (if I go) when I graduate?

Absolutely. If it's ABA accredited it's fine. It's only a shitty school relative to US News rankings and douchebags.

I believe Ford used this same analogy with their Pinto models back in 1977.

they made money didn't they?

[Pricer]

... it's a shitty school (TTT or TTTT) but ZERO loans (if I go) when I graduate?

Absolutely. If it's ABA accredited it's fine. It's only a shitty school relative to US News rankings and douchebags.

I believe Ford used this same analogy with their Pinto models back in 1977.

they made money didn't they?

I thought they almost went bankrupt, so someone else took over and turned things around.

[jazzmastersc]

... it's a shitty school (TTT or TTTT) but ZERO loans (if I go) when I graduate?

Answer to OP's question is NO. A shitty school is not worth the price of a mortgage. This is one of the most common TLS questions. A TTT is an okay option if you have a full-ride, but OP is talking about paying full price with someone else's $$$.
A better investment would be:
1)If you really want law school, retake the LSAT, volunteer, and acquire work experience. Apply early to splitter-friendly schools. You might get a full scholarship to your local TTT even with a low GPA.
2) MBA

[TheTopBloke]

Another alternative is not going to law school but working for a firm for a couple of years.

[TheTopBloke]

... it's a shitty school (TTT or TTTT) but ZERO loans (if I go) when I graduate?

Answer to OP's question is NO. A shitty school is not worth the price of a mortgage. This is one of the most common TLS questions. A TTT is an okay option if you have a full-ride, but OP is talking about paying full price with someone else's $$$.
A better investment would be:
1)If you really want law school, retake the LSAT, volunteer, and acquire work experience. Apply early to splitter-friendly schools. You might get a full scholarship to your local TTT even with a low GPA.
2) MBA

The income potential of an MBA is statistically worse than a JD.

[jazzmastersc]

Have you thought about taking that 200k and starting a business instead?

I'd rather open a bar or some sort of brewery. Good call gentleman. It's probably a less risky venture than LS.

Take the 200k and start a student loan company. Invest in some HYS students and profit.

TITCR

[ResolutePear]

... it's a shitty school (TTT or TTTT) but ZERO loans (if I go) when I graduate?

Answer to OP's question is NO. A shitty school is not worth the price of a mortgage. This is one of the most common TLS questions. A TTT is an okay option if you have a full-ride, but OP is talking about paying full price with someone else's $$$.
A better investment would be:
1)If you really want law school, retake the LSAT, volunteer, and acquire work experience. Apply early to splitter-friendly schools. You might get a full scholarship to your local TTT even with a low GPA.
2) MBA

The income potential of an MBA is statistically worse than a JD.

Harvard MBA vs Harvard JD.

The MBA is TCR.

[alexonfyre]

... it's a shitty school (TTT or TTTT) but ZERO loans (if I go) when I graduate?

Answer to OP's question is NO. A shitty school is not worth the price of a mortgage. This is one of the most common TLS questions. A TTT is an okay option if you have a full-ride, but OP is talking about paying full price with someone else's $$$.
A better investment would be:
1)If you really want law school, retake the LSAT, volunteer, and acquire work experience. Apply early to splitter-friendly schools. You might get a full scholarship to your local TTT even with a low GPA.
2) MBA

The income potential of an MBA is statistically worse than a JD.

Harvard MBA vs Harvard JD.

The MBA is TCR.

Yeah and Lamborghini Aventador vs. Lamborghini Gallardo, Aventador is TCR. On average (top to bottom), JDs are still more secure than MBAs.

[ResolutePear]

Answer to OP's question is NO. A shitty school is not worth the price of a mortgage. This is one of the most common TLS questions. A TTT is an okay option if you have a full-ride, but OP is talking about paying full price with someone else's $$$.
A better investment would be:
1)If you really want law school, retake the LSAT, volunteer, and acquire work experience. Apply early to splitter-friendly schools. You might get a full scholarship to your local TTT even with a low GPA.
2) MBA

The income potential of an MBA is statistically worse than a JD.

Harvard MBA vs Harvard JD.

The MBA is TCR.

Yeah and Lamborghini Aventador vs. Lamborghini Gallardo, Aventador is TCR. On average (top to bottom), JDs are still more secure than MBAs.

I was comparing equal schools with similar rankings between programs. Otherwise, it's apples to oranges.

You can chalk it up and on the top of both spectrums you have IB/Equity vs NJ250 law firms. On the bottom, you have retail management vs. public defenders.

[dr123]

... it's a shitty school (TTT or TTTT) but ZERO loans (if I go) when I graduate?

Answer to OP's question is NO. A shitty school is not worth the price of a mortgage. This is one of the most common TLS questions. A TTT is an okay option if you have a full-ride, but OP is talking about paying full price with someone else's $$$.
A better investment would be:
1)If you really want law school, retake the LSAT, volunteer, and acquire work experience. Apply early to splitter-friendly schools. You might get a full scholarship to your local TTT even with a low GPA.
2) MBA

The income potential of an MBA is statistically worse than a JD.

Harvard MBA vs Harvard JD.

The MBA is TCR.

Well of course with Harvard, but there are many more TTT MBA programs than TTT law schools

[ArthurDigbySellers]

... it's a shitty school (TTT or TTTT) but ZERO loans (if I go) when I graduate?

Hey, if you can't find a job, and you have no loans, all you've lost are opportunity costs-3 years of WE/salary. If it comes to it, delete the J.D. from your resume and get a master's in accounting or join the Navy/Air Force.

[jazzmastersc]

... it's a shitty school (TTT or TTTT) but ZERO loans (if I go) when I graduate?

Hey, if you can't find a job, and you have no loans, all you've lost are opportunity costs-3 years of WE/salary. If it comes to it, delete the J.D. from your resume and get a master's in accounting or join the Navy/Air Force.

And his family's $200k.

[ResolutePear]

Answer to OP's question is NO. A shitty school is not worth the price of a mortgage. This is one of the most common TLS questions. A TTT is an okay option if you have a full-ride, but OP is talking about paying full price with someone else's $$$.
A better investment would be:
1)If you really want law school, retake the LSAT, volunteer, and acquire work experience. Apply early to splitter-friendly schools. You might get a full scholarship to your local TTT even with a low GPA.
2) MBA

The income potential of an MBA is statistically worse than a JD.

Harvard MBA vs Harvard JD.

The MBA is TCR.

Well of course with Harvard, but there are many more TTT MBA programs than TTT law schools

There's more businesses than law practices.

I'll leave you with a secret: law practices are businesses, too.

[alexonfyre]

There's more businesses than law practices.

I'll leave you with a secret: law practices are businesses, too.

Just because they are businesses doesn't mean they will hire MBAs. Only the most well-organized firms actually hire an executive business staff, and many times those guys aren't even MBAs.
MBAs often ask for way too much money and then underperform, especially from the glut of TTT schools. This obviously isn't as much a problem coming from T1 business schools, and there are some very smart businessmen coming out of some TTTs, but the situation is pretty scary to many small businesses.
If an MBA is willing to accept 45k a year at an entry level position, then your argument holds, but if he is looking for a 60k+ salary as a professional, then he is looking at a market much the same as the legal market with much less lateral mobility (Rarely will you see someone move from marketing to HR. Whereas in law, people can move around between M&A, tax, contracts and even criminal, anything outside of IP is basically fair game.)
I work at a small business right now in which I have firsthand knowledge of the organizations of many firms from small to large (not Vault large, but regionally large.)