National Jurist Magazine ranks Wake Forest law as one of best in standard of living

Graduates of the University of Texas who enter private practice enjoy the best standard of living in the nation, while Wake Forest law school ranks 24th, according to an exclusive study by National Jurist magazine.

To determine standard of living, The National Jurist used median starting salaries, average debt payments, estimated federal and state taxes and cost of living adjustments for the regions where graduates were employed.

The National Jurist first did the standard of living study in 1999 and reported that graduates who entered private practice at six law schools at that time had a lower standard of living than they did as students. Since then, salaries have increased dramatically, improving the standard of living at almost every law school in the nation. Debt repayment options also improved in 2009 with a new federal law.

However, there are big differences between schools. For example, graduates at the University of Texas take home a net of $101,308 after debt and taxes, and modifying for cost of living adjustments. More than half of the schools in the study netted less than half of that amount, with six lower than $25,000.

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