The Value of Law School “Eliteness”

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6 Responses

  1. Patrick says:

    Worth noting with regard to your last point about decision-making: A student who can get into Boalt is exceedingly likely to get a substantial scholarship (probably a full ride) at a school like Florida. My gut feeling is that this makes Florida the better investment for the student you describe (C+/B- student at Boalt).

  2. SoCal says:

    Good point, but at the same time, should the applicant just assume that she’ll get good grades from the more elite school, at which she’ll have to pay full price?

  3. anon says:

    There is no such thing as a B-/C+ student at Boalt, since they have no grades there (only H, P, etc.).

  4. Mary says:

    If you believe you will get higher grades at Florida than at Boalt, you are assuming, before even walking into law school, that you will do poorly at Boalt. Given how unpredictable everyone acknowledges law school examinations to be, do you really want to make this kind of decision off the bat based on your perception of your own mediocrity?

  5. Ken Rhodes says:

    The marketplace for young lawyers should be a reasonably “efficient” market. That is to say, the buyers (the firms doing the hiring) should be making their purchase decisions based on reasonably complete, and mostly open, information.

    So the buyers should be able to make informed purchases, including the various factors such as school quality, competitive difficulty, student grades, Law Review credentials, etc., and come to a conclusion about the estimated value of the potential hire based on all the relevant factors.

    Thus saith the Efficient Market Economist.

  6. Rusty says:

    This is an interesting post, and there seems to be more and more findings that substantiate Sander and Yakowitz’s paper. Although top law firms look for students who graduate from top law schools, the debt factor plays a substantial role for many students. I recently read an article that talked about how most attorneys at top law firms leave after 5 years to work at another firm. That being said, choosing Florida to avoid substantial debt, working at a respected law firm, and moving to a top law firm later sounds like a smart idea.