Herwig J. Schlunk

[L]aw school is a very risky (and expensive) investment; it should not be entered into lightly…. [E]ach potential student’s calculus will be based on a host of factors unique to him or her. For some, like an English major (relatively low opportunity costs) who gets some scholarship assistance (somewhat lower out-of-pocket costs) to attend Harvard Law School (relatively high pay-off), the investment in a legal education is almost surely a no-brainer.

– Professor Herwig Schlunk of Vanderbilt University Law School, in a new working paper entitled “Is a Law Degree a Good Investment Today?”

(Additional excerpts and discussion, plus links, after the jump.)

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