I didn't put nearly that amount of time in, but I was taking the GA bar, which is not nearly as rigorous as NY or CA. If I had taken one of the more difficult bar exams, I'd likely would have been on a schedule similar to yours.
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As others have mentioned, study groups can be beneficial. The best method, IMHO, is to have a schedule where everyone does practice tests and you discuss them. This allows you to see what issues you may have missed, and it encourages you to study at a consistent pace which is conducive to learning the law.
However, choose your study partners wisely! So many study groups devolve into "parties" rather than studying.
Also, note that Wally's right: be wary of discussing irrelevant materials such as sub-sub-points or crazy policy tangents.
The part I am wondering about is writing on worth the extra effort. By that, I mean not just the time spent writing the Note to qualify, but the extra work required for law review during the rest of school. How much extra time is required for the work, and did anyone find that it took away from studying for other classes?
It's not a diary. Law journals and law reviews are academic publications. You either grade on or have to compete in a writing competition to "make" journal or LR, and then you get the privilege of working your ass off 2L year writing your own academic paper while cite checking and editing the articles your journal or LR has chose to publish in the upcoming volumes.
Yes, I know that, thanks. I'm talking about something else, but I guess no one knows.