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The True Value of a Law Degree, or, Why Did Thurgood Marshall Go to Law School?

10 Pages Posted: 13 Jan 2014 Last revised: 25 Nov 2014

R. Dessem

University of Missouri School of Law

Gregory M. Stein

University of Tennessee College of Law

Abstract

There has been vigorous debate in recent months over whether a law degree is a worthwhile investment. Much of this discussion has focused on whether the economic costs of obtaining a degree pay off over a lawyer’s career. This conversation has largely overlooked the many non-economic benefits of a law degree. In this essay, we seek to re-introduce several non-economic factors back into this important dialogue. We suggest that prospective law school applicants would be wise to consider these non-economic factors in addition to economic ones.

Keywords: Legal Profession, Economic Value of Law Degree, Market for New Lawyers, Types of Legal Practice, Roles of the Lawyer, Thurgood Marshall

JEL Classification: J23, J24, J31, J44, J63, L84

Suggested Citation

Dessem, R. and Stein, Gregory M., The True Value of a Law Degree, or, Why Did Thurgood Marshall Go to Law School?. 65 Hastings Law Journal Voir Dire 11 (2013); University of Missouri School of Law Legal Studies Research Paper No. 2014-01; University of Tennessee Legal Studies Research Paper No. 227. Available at SSRN: https://ssrn.com/abstract=2378102

R. Dessem (Contact Author)

University of Missouri School of Law ( email )

Missouri Avenue & Conley Avenue
Columbia, MO 65211
United States

Gregory M. Stein

University of Tennessee College of Law ( email )

1505 West Cumberland Avenue
Knoxville, TN 37996
United States
865-974-6812 (Phone)

HOME PAGE: http://law.utk.edu/people/gregory-stein/

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