In a July 17, 2013 post by Debra Cassens Weiss in the on-line ABA Journal, she reports on the result of some research results by Seton Hall University law professor Michael Simkovic and Rutgers University economic/business professor Frank McIntyre. The subject is the value of a law graduate degree over an attorney’s lifetime.
Print shows Uncle Sam sitting in a hammock, holding a fan, beset upon by swarms of locust-like pests streaming from a "Law School", "Medical College", and a "Theological Institute", each carrying a diploma. Louis Dalrymple, artist. Puck 1897. Library of Congress.
They report that, over a lifetime, a law school graduate will make $1 million more, on average, than other college graduates. For those in the 25th percentile, the median value of a JD is $350,000 and goes up to $1.1 million for those in the 75th percentile.
However, the results did not factor in tuition costs or adjust for the law school involved for a particular graduate.
