Published: Tuesday, July 30 2013 1:25 p.m. MDT
The "Million Dollar" study is bogus. Harvard, Yale, and Stanford law
schools may be worth the price of tuition. The "U" and the "Y"
law schools, probably not worth it unless you get a guaranteed three-year full
scholarship.There are no jobs for newly-minted lawyers. It's rough out
there! Caveat Emptor!
We desperately need more lawyers. How else are we going to continue to lead the
world as the most incarcerated country.
I am torn on this subject. I am a recent law grad, and I am well-employed. But
even with a good job, I will be paying off student loans for quite some time.
There are legal jobs out there, but they are hard to come by, and employers are
still picky. I was fortunate to find work in my preferred niche, and others
have not been so fortunate. But I would disagree with Unemployed Law
Grad's comment above that the U and the Y are not worth it. In my opinion,
those two schools are two of the best values for law schools in the country (and
rankings think so also). While the U has raised tuition substantially over the
past decade, it still remains one of the cheaper schools, and is quite
reputable. BYU is also a great buy.I don't think law school is
as worth the money as it used to be, but I hope that in 10 years I will be able
to say that it was worth it to me.
Is starting a business worth it? Of course it depends. A percentage of business
owners go under. However, there are also many who make a good living and many
who become wealth. However, if you focus on the ones struggling, you will get a
skewed picture.One I problem is that too many law grads have the
mentality of an employee. I want someone else to give me the work and pay me
well. While this happens for many, a law degree is like starting a business.
Go out, work very hard for inconsistent pay and make your customers happy. If
you do you will most likely be a success.If you work hard in private
practice, there is no reason that 10 years out you should not be averaging over
100k per year (with many earning 2-3 times that). So what other degree (other
than an MD) is going to give you a good shot at make 100k plus most of your
working life?As for schools, Harvard, Stanford, etc. are probably
worth the money. Otherwise, if you want to work in Utah, the U or the Y are the
schools of choice.
Consider the fact that law schools are conveyor belts that churn out people who
will end up as members of Congress or ambulance-chasers on late-night
telemercials--and then ask yourself how much socially redeeming value these
lawyer factories have.
@ Californian#1@94131I hope you never need a lawyer! If you do,
don't call me! While there are lawyers who have little socially redeeming
value, that can be said of any profession or occupation. But thanks for
choosing to lump us all together as horrible people.
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