I'm also considering the increased likelihood of corruption or failure to attract good professionals to the jobs. I'm more suspicious of someone in that role for that salary by default.

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Yes, when people thinking about law school want to ask me about it, I usually tell them unless you really want to do public service for service's sake, do something else. Unless you are entreprenuerial it is a very difficult business to earn a lot of money, which is a fine goal, but most of the jobs are on the left side of the salary curve, it's not a parabola.
One of the reasons I chose not to go to law school. But honestly this is the case for many historically respectable careers now. Everything is decaying. It's sad. I have immense respect for the institution of law and those who practice in it. The juice just wasn't worth the squeeze back when I was deciding. I reject the notion that people should pick careers based only on love or service. We *should* have both and certainly shouldn't worry about money while performing high level skills all day. It's ridiculous. But I'm just bitching now. I'm sure it'll get worse before improving.