Monday, January 2, 2012

Think Again Before Applying to Law School

“A law degree that does not give you the strongest earning potential, then, will actually cost you substantially more than a JD from a top program.”

Here is an article published in the Top-Law School admission’s page that talks about the rational approach to choosing a law school from an economic perspective. People often want to be lawyers because of the prestige that comes with a JD degree and/or the earning potential that comes with being associated with top firms. No matter what your motivation, it is important to do a cost/benefit analysis of the career you choose to jump into. The article states that students entering law school today are competing with an ever-greater number of peers for a declining number of legal positions and are paying more for their degree than ever before. This does not necessarily mean law school is a bad idea it just means someone considering law school should do a lot of research before making their decision, especially when evaluating whether it’s a financially sound one. The article also has some great charts about salary comparisons for law school graduates.

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