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A better question is why law degrees cost as much as they do. Law is one of the cheapest subjects for a university to teach yet law is usually one of the most e
by Tsagadai 15y ago
A better question is why law degrees cost as much as they do. Law is one of the cheapest subjects for a university to teach yet law is usually one of the most expensive.
- elithrar 15y agoLaw = supply/demand. Lots of people want to study law (it's lucrative), and therefore they can up the rate.
- Tsagadai 15y agoI am aware universities can charge what they please for a law degree and that they benefit from exclusivity (less people studying means more money for the ones who do). But what if the price was reflective of the cost plus a profit instead of cost plus a very generous profit? Law is a cash cow for most universities. Do you think society would benefit from a greater supply of people knowledgeable and qualified in the field of law? Is a society better off with law in the hands of the many or of the few?
- dev_jim 15y agoFirst year associates at NY law firms pay $165k + bonus. Current fourth years make close to $300k. 50k+ for three years is a good investment if you do above average at a top 10 school.