How useful would a law degree be in my case?
I am an executive at a Fortune 60 auto parts company in Michigan. At 37, I have 16 years experience + a Bachelor's in Industrial Engineering, MBA from Univ of Michigan - Flint -- good grades and work performance. My main experience is in Manufacturing (Lean) and Sales and Marketing.
What problem am I trying to fix?
1.) I am tired of moving every 3 years.
2.) The automotive industry worries me (my corp is in Ch 11).
3.) My skill set depends on this company / this industry.
4.) No raises in over 2 yrs ('06 total comp was just under 200k though)
Why a Law Degree?
1.) I like the subject matter.
2.) I would like to transition my experience to corporate law.
3.) Law is applicable to every aspect of society and I think it will help me better contribute to society.
MY QUESTION: will I get out of law school and find that I can't get a law position (having no legal experience) for at least the same $ as I make now?
Answers:
No, you probably will not start at the same salary that you are at now. Not even close. Today, it would be pushing it to hope to start at 200K even if you become one of the top few students in your class and go to a very big law firm. 160K is considered primo-excellent starting salary for the best new law grads this season, is available only at the big firms, and is a huge, huge amount over what 95%+ of starting lawyers make. Of course, if being the top of your class at a top tier law school and going into a huge lawfirm is both realistic and what you hope to do, then go for it. (Practicing law is great. I am not trying to talk you out of it, just trying to answer your specific starting salary question.) Other than salary, your reasons sound good.
Why don't you start a business?
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