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Beware of Investor-Run Alternative For-Profit Law Schools

Private equity firms have been investing in private, for-profit, law schools in a big way.  These “alternative” law schools (my terminology) are remarkably cheap to run, remarkably profitable, and churn out graduates with dubious employment prospects.  Bottom line:  Don’t get carried away by your law school dreams.  If you can’t get into a traditional law school, then studying law isn’t for you, and you’ll destroy your life by mortgaging your future to line the pockets of unscrupulous hucksters running pricey diploma mills.

http://www.theatlantic.com/features/archive/2014/08/the-law-school-scam/375069/Roger Rabbit icon

To which I would add, going to any law school isn’t what it’s cracked up to be, if it ever was.  Nowadays, there are far more law graduates than paying jobs.  I struggle to think of a harder way to make a living.  The hours are long, the work is hard, the stress level high, and a typical working lawyer’s paycheck is surprisingly modest.  But all this said, there is nevertheless that chance of a magical moment when a lawyer has an opportunity to make a big difference in in someone’s life; and such moments can make all the struggles and sacrifices involved in becoming and being a lawyer seem worthwhile.

 

 

 

 


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