Megan: So what is your advice for people looking at law school? Is it a simple "don't go"?
Paul: No, it's "don't go unless you have a reasonable basis for believing that the cost of your law degree will make sense given your career prospects." I estimate that for around 80% of current law students their degrees won't be worth the costs they incur in getting them. So law schools should be producing vastly fewer graduates at a much lower cost.