Is Law School a Good Investment?

There are a lot of pissed off JDs out there, see the link to the article below. The world was a different place a few years ago, but still, is a third tier law school ever a good idea? I think not.If all you can get into is a third tier school, wait, take the LSATs again, and go to a decent school, or don’t go at all. Maybe it’s ok to try law school for a semester at a third tier if you couldn’t get in any place else. However, if you don’t place in the top 5%, the best idea is to drop out. If the bottom 95% dropped after first semester, it would have the added benefit of putting third tier diploma mills out of business. Go to this site for a great discussion on law school as an investment:(http://www.abajournal.com/news/is_law_school_a_good_investment_no_law_profs_say_for_many_typical_students/)

Should jobless JDs sue their law schools?

Should students be able to sue their schools if they can’t find jobs? Law students at the American Justice School of Law in Kentucky did, claiming that “that the dean and others had engaged in a breathtaking catalogue of wrongs, including racketeering, conspiracy, theft, wire fraud, mail fraud, extortion and abuse of their offices in order to enrich themselves at the expense of the students.” See full article here: http://business.timesonline.co.uk/tol/business/law/article2967141.ece Do law schools owe their students a reasonable expectation that after three years and $120,000 they will be able to find employment? Or should it be buyer beware? I think law schools should have to warn students that what the odds are of finding a good job. At the very least a warning in large print right next to where the student signs the master promissory note for their loans. Something like: A JD is no guarantee you will get a job. You could be throwing $120,000 away. Risks of law school include but are not limited to: losing your eyesight, losing your sense of humor, losing your friends, becoming a lawyer. Daily exposure to law professors increases your risk for depression and suicide. Studies have shown that law school greatly reduces your chances of getting laid.

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