Mamas 2011: Is a Law Degree a Good Investment Today?
Herwig J. Schlunk
Vanderbilt University - Law School
December 16, 2011
Vanderbilt Law and Economics Research Paper No. 11-42
There continues to be an active debate on the question of whether or not law school is a good investment. I prefer to think of the question not in terms of “whether,” but in terms of “when.” In this essay, I conduct an analysis for three current undergraduates who are considering attending private law schools. I demonstrate how such individuals should take all known costs and all expected benefits into account in making their “investment” decision. As the calculation necessarily differs dramatically from one potential law student to another, my conclusions are far less important than my methodology.
Number of Pages in PDF File: 24
Keywords: Law degree, Investment, Mamas, Economics, Education Law, Law and Economics, Legal Profession
Date posted: November 11, 2011 ; Last revised: December 31, 2012