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by zootar
3999 days ago
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The "more new lawyers graduating each year than there are law jobs" factoid is both stale and irrelevant. Most of those new lawyers had admissions scores well below the 50th percentile and are graduating from third and fourth tier law schools. Who cares about them? I doubt many would have had bright futures in programming, either. Relatively modest undergraduate performance can get you into a law school like Northwestern's, where 87% of the class of 2013 "found work and reported a salary", and at least 43% of the class had a starting salary of over $160k, a very respectable ending salary for a programmer, especially outside of SFBA (http://www.lstscorereports.com/schools/northwestern/sals/201...). |
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Look at the distribution of lawyer income. There is a large group bunched near the bottom making 40k-60k a year, and a smaller group at the top making above 160k. You need to do really well to be in the 160k group.
>Relatively modest undergraduate performance can get you into a law school like Northwestern's
The median LSAT score for Northwestern is 168 about that's right at the 96th percentile, so about 4% of people taking the LSAT will score a 168. Even Northwestern's bottom quartile score is just below the 90th percentile. Their median undergrad GPA is 3.75. How are those numbers relatively modest?
So yes, someone who scored in the 96th percentile on the LSAT and had a 3.75 GPA in undergrad has a decent chance of spending 3 years at a top tier law school where they have a 43% chance of making over $160k a year upon graduating.
Northwestern also costs about $300k to attend.
>87% of the class of 2013 "found work and reported a salary"
I don't thinks that's really saying all that much. It doesn't say they're working in jobs requiring a law degree. Of course 87% are working at some kind of job--they owe $300k in student loans. Another way of looking at it is--13% of graduates from a top tier law school are unemployed with $300k in debt.
No one is arguing that lawyers from top tier law schools can't make a decent salary, but there are only a few thousand slots open in the top law schools each year. If you're in the top few percent of law school applicants and you think you'd enjoy practicing law, then by all means go to law school.
But looking at the averages, the median salary for a software developer is about $93k, and the median salary for a lawyer is $113k (from the bureau of labor statistics). Total cost for law school is over $150k on average, and the opportunity cost for not working as a software developer for 3 years is much more than that. Add in interest for student loans (and forgone interest on potential savings) and it will take over 2 decades before the average lawyer pulls ahead of the average software developer.
Add to that the fact that software developer jobs are expected to grow at a significantly higher rate than lawyers, and that lawyers constantly place near the bottom on job satisfaction surveys.
By the way I, initially planned to go to law school, but every lawyer I talked to was so discouraging that they eventually talked me out of it. A few of them were very successful family friends, but they absolutely hated their jobs, and they warned me that there are much easier ways of making money.