Monday, September 27, 2010
Update: Oops -- as Brian notes in the comments, this post on Brian Leiter's Law School Reports was written by Dan Filler (Drexel).
In a more thorough look, Caron, Kawol and Pratt focus on whether to pursue a tax LLM -- the one advanced law degree that everyone considers worth the candle -- and conclude that for the right student, there can be real benefits. Other LLM's seem to have intrinsic value. ... I fear that, with a few limited exceptions, the greatest economic utility of the LLM flows to law schools collecting undiscounted tuition dollars while avoiding damage to their median LSAT. And because the ABA does not accredit LLM programs, schools work under virtually no regulatory oversight. There are many reasons why institutions seek this revenue but we're kidding ourselves if we don't concede a common one: LLM programs can subsidize the scholarly enterprise. A three course load is expensive.