Is It Worth Getting the Third Degree?


Nobody goes to law school without having an undergraduate degree. And most lawyers still enter law school with an undergraduate degree in the liberal arts rather than any business-related field (except for the many IP lawyers with undergrad training in chemistry, engineering or a similar field). Law school curricula have little business focus and few Bar Associations give MCLE credit for any courses that hint of marketing or finance, leaving lawyers illequipped to deal with business clients on the client's level of understanding. This raises the question, would more lawyers benefit from getting a third degree, a Master's in Business Administration?

Having both a J.D. (formerly an LL.B) and an M.B.A., I think I'm qualified to give a reasoned assessment... and my answer is, no. I received my law degree first and entered law practice. Seven years later, with some time on my hands, I went to night school to obtain an M.B.A. The latter degree did me no good in marketing my law practice (other than the knowledge I gained) while practicing law. When I became a law practice management coach and consultant, suddenly people took notice of my M.B.A. degree, thinking I knew what I was talking about because of the degree.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Ed Poll, LawBiz | Attorney Advertising

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