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Old 24-02-2011, 05:41 PM
Rorty Rorty is offline
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Quote:
Originally Posted by Finance Guy View Post
It is interesting that your law professors see the need to "drop clues" as to their pay. I am not a law graduate, but my uni lecturers never does that in front of us. I hear from friends that most lawyers make partners in their 30s and draw 300-500k pa. So I guess its true that academia pays much less in law than other professions for them to boost their own self-esteem?
It wasn't the case that my professors actively hinted that they were making X amount of money. Rather, I asked a couple of them in private about how working as an academic was like, and pay naturally was one of the subjects that came up obliquely.

Academia definitely pays less than private practice, but it is still a decent pay that allows you to enjoy a comfortable lifestyle (car, condo, annual vacations, etc). Not everything is about money. As an academic, you get far better work life balance, you get to pursue your intellectual interests, and you get to mould the lawyers, judges and politicians of tomorrow. You fly around the world presenting papers at conferences, you have leisurely lunches with colleagues and students discussing issues of the day, and newspapers call you up asking you for your esteemed opinions.

It is actually a very cushy job, and one that is available only to the top students of a cohort (who could easily have joined any big firm if they wanted to). Honestly, a law professor would probably have far better self-esteem than the average lawyer.

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