Is law school worth it?



Should you go to law school? The average debt of a 2012 law-school graduate who took out at least one loan was $84,600 for public school and $122,158 for private school.

To determine whether law school is a good investment for you, figure out where you’ll end up after graduation. The data offers a clear picture based on which school you attend, and how you rank among your peers.

————————————————–

Follow BI Video on Twitter:
Follow BI Video On Facebook:
Read more:

————————————————–

Business Insider is the fastest growing business news site in the US. Our mission: to tell you all you need to know about the big world around you. The BI Video team focuses on technology, strategy and science with an emphasis on unique storytelling and data that appeals to the next generation of leaders – the digital generation.

source

48 comments

  1. And now, private law schools are charging about $67000 a year just for tuition and fees. It's ridiculous given the low chances that the average graduate has of getting a high-paying real attorney job. Note that the law schools surely count doing document review as a "JD-required job," even though it typically pays $22-25/hour with no benefits and no job security. I went to Georgetown law school years ago and have seen many attorneys, including myself, struggle to find decent jobs, and I went solo because paychecks were bouncing at my old firm.

  2. Yes there are people who want to be actors and succeed. That doesn't mean trying to be an actor is usually a wise financial decision. Trying to be a lawyer by attending a mediocre school is the same. It won't usually pay off.

  3. What about working at the car wash ?………..the boss don't mind if you act a fool once in a while. You get plenty of exercise and who needs all that silly stress of trying to pass the bar exam. Yeah the car wash is a good place to work and you can smoke weed and space out. Why work so hard being a lawyer. All you do is make people mad when you lose their case. Come on down to the car wash and have a good life.

  4. If you don’t make it into a t14 school don’t go. If you make it into a t14 do biglaw for a few years to pay off debt and switch into what you love or stick with it and make partner. A partner at cravath for example can pull in $3m+ yearly.

  5. Did it 40 years ago as an English major. Didn't want to teach high school. Went to a state school. Made 13K my first year which was good then. I do injury law and if you want to do that it's a meat grinder. You can't do it on your own. Big firms ate me up as a small practice. If you go with them they (as well as other types of firms) burn you out and spit you out when you are exhausted. It's not like Atticus Finch anymore. Little thanks from clients or firms. Find a niche and be good at it.

  6. Sounds off it’s all what you study for a do, I live in Md I’m black I’m going into criminal law but private not a Assitant. I’m not working with the state. So all to be consider

  7. This is a great and incredibly accurate video. Unless you literally cannot see yourself doing ANYTHING else with your life, then NO. As a young Australian lawyer myself who graduated from a top tier law school, I made a video about it and trust me, it's as dismal as this video makes it out outside of the USA as well.

  8. I do not know why they said "top 15 schools." The schools that really out perform the others are the top 13 or 14 law schools. The 15th ranked school behaves much more like the 16-30 schools. If you want to be a lawyer you should probably restrict yourself to just the top 10 or 13 schools. I see a lot of people saying "hey! These statistics only apply to starting salaries." Ok, fair point. But, unless you're rolling in cash, you are going to have to pay a crap ton of money for your law degree. So going to a tier 3 school and taking $100k or more in student loans with an interest rate of 7% when you are only going to be making $30 – $40k for your first few years is not a wise career choice. Instead, if your LSAT is bad, study harder and retake. Is it still bad? Study even harder and retake. Don't stop until you can get into a school that can guarantee you success at the finish line. Or take a huge scholarship at a T20 school so that even if you're only making 60-70k, you don't have any loans.

  9. These stats fail to account for so many factors. Some choose a public service position for the student loan forgiveness program. Some choose use their masters in other disciplines because they can more easily obtain those positions, or they pay better. Some students also continue beyond a JD and some attend a separate grad program. It also fails to mention those who start their own firms or companies, or those who join a private family practice.

  10. I graduated law school last year (2018). I have passed the bar, and it has been about 9 months out. Thankfully, I do have a job. This figure does not give the entire picture. 9 months is really not that far removed from graduating law school. It should be noted that a large portion of these 9 months will be taken up by preparing for the bar exam, and then applying to jobs. In some states, bar takers wait around 4-5 months for results. That is almost half of the 9 month statistic. Also to be noted, is that the figure of people who have actually found a job is reflecting people who have a job that requires bar passage. Nationally, only around 50-60% of bar takers will pass the state's bar exam. Some states have higher or lower percentages. given this figure, if you have passed the bar, you will have a good shot of finding a job. In conclusion, law school is not a road that likely leads to nowhere. It is ultimately what you make of it. I do not regret going to law school. In fact, I am glad I did. I would not want to do anything else. That being said. Do not rush into going to law school because of some notion that you will be a millionaire over night when you graduate. You have to put in work, and really show that you actually understand and know how to apply the law in a given situation.

  11. Law school was a very good investment for me. I work as an Administrative Law Judge now. My belief is that you like the type of work involved, than go for it. I am a Californian, did both undergrad and law school here in California, and passed the California Bar. I have had my fair share of pitfalls along the way, but -to me – that is life. I am a first-generation American and I grew up in fairly humble surroundings, including public housing and a housing shelter. Things in life are generally not always easy, so – if going to law school is a goal for a person – I believe a person should go for it. If you fall down, do your best to get back up and keep trying. Keep pushing. For me, I got to be a good example for my younger brothers and sisters, and I focused hard to stay away from gangs and drugs growing up. So it was a real honor for me to go to college, and certainly so to attend and graduate from law school. I think there are ups and downs to any goal or career, and I think that one should keep that in mind. In my opinion, if you have a goal, work hard to achieve it. You may even surprise yourself and exceed your own expectations, and perhaps accomplish things that others may have said you could not do.

  12. law school should be a bachelors degree or associates degree.
    law school is a waste and a joke.
    opinion, philosophy and being "creative" does not need a 3 year degree post college. nonsense.

  13. Im 12 and currently in 7th grade 2nd smartest kid and i want to be a lawyer im working hard so much i also know quantim physiology biology and mechanics

Leave a comment

Your email address will not be published. Required fields are marked *