Sorry meant to say that i am not considering skipping law school. Please do not reply here and tell me how bad the job market is and that i shouldnt put myself in that kind of debt. I've done the research i am fully aware of the risk and understand how the job market is, i asked which school i should choose between the two so telling me to not go to law school is pointless.
I thought I knew all the risks and I thought I did all the research. I still have my spreadsheet of law schools that contains 26 different weighted categories. I didn't know what I was getting in to. I mean, I did the financial analysis. About 95,000 in debt would equal annual payments of about $7,700. So in my mind, the only financial decision was whether, over the next 25 years, my salary as a law grad would be an average of $7,700 more that it would have otherwise been. I looked at the chart that Anti posted above http://www.nalp.org/salarycurve_classof2011
and I figured I could certainly start out at $65,000 or more, so it made sense for me to leave my banking career and go to law school. It turns out my two year legal career pays just about what I was making before law school, but I still think the investment will pay off for me in the long run.
Those of us who discourage individuals like yourself from going to law school, don't mean to say that you can't make a decision. We just want to make sure that you have all of the information. If you do, then go ahead and ignore us. But I think Anti and I, though we don't agree on everything, will continue to make sure that prospective students are exposed to the data.
I know that ABA law schools are churning out 40,000+ new lawyers every year, while the industry is only creating 9000 jobs and only about 15,000 people are retiring per year. More will start to retire in the coming decade.
I also know that there are about seven broad types of law, Transactional Business/corporate, Transactional Other, Criminal, Domestic, IP, corporate litigation, commercial litigation. (Not exhaustive, but most things fit in one of those)
And then there are about 9 types of legal employers. Municipalities, Courts, Counties and States, Feds, Solos, Small Firms, Medium Firms, Large Firms, and Big Law.
Some quick conditional math tells me that the above create about 47 fairly unique combinations. For me, I think I would enjoy either the power of being a solo, or the structure of working for a large firm. The in between, those small and poorly run organizations, are hell. I have worked for judges, counties, small firms, solos, and one medium firm. Each experience was wildly different. In my view, going to law school is fine, but it's a bit of a roulette wheel. Most people have no idea where they will end up. Those who desire to work in IP, Tax, Family, or Criminal have a higher chance of landing in the area they want, but they will have no idea what type of organization they will end up in.