The Best Law Schools For Career Prospects 2016
This post was written by our friends at forbes.com
A law degree is a huge investment. At the University of Pennsylvania, the sticker price for a three-year J.D. is $240,000 and the average debt carried by graduates is $130,000. But according to a new guide to law schools put out by Princeton Review, the New York-based test prep and educational services company, Penn law school is a good bet, especially if you plan to work for a private firm. Among the class of 2014, the average starting salary was $160,000, the going rate for big New York-based law firms like Cravath, Swaine & Moore and Proskauer Rose. Associates may work 80-hour weeks but they can expect to be able to steadily pay down their debt as their salaries rise. According to the website Above the Law, which tracks the legal profession, eighth-year associates at Cravath pull in $280,000. Those compensation figures don’t count bonuses which can run as high as $100,000 for older associates, according to Above the Law.
Last Updated November 22, 2018