14 Pages Posted: 31 Oct 2009 Last revised: 12 Jan 2010
Date Written: October 30, 2009
This essay treats a legal education as an investment, and asks the question of whether, based on known costs and expected benefits, such investment should be undertaken. The inquiry will necessarily differ from one potential law student to another. But for three posited “typical students” at private law schools, the investment is shown to generally be a bad one.
Keywords: value of a legal education
JEL Classification: K19
Suggested Citation: Suggested Citation
Schlunk, Herwig J., Mamas Don't Let Your Babies Grow Up To Be...Lawyers (October 30, 2009). Vanderbilt Law and Economics Working Paper No. 09-29. Available at SSRN: https://ssrn.com/abstract=1497044 or http://dx.doi.org/10.2139/ssrn.1497044