The study, by Michael Simkovic of Seton Hall Law School and Frank McIntyre of Rutgers Business School, found that while the average debt for private law schools was $125,000, this expensive degree could be a good down payment for a high earning career. The pair also found that law graduates earn an average opf $53,000 more per year than those with bachelor’s degrees before taxes and peak at middle age for law graduates whilst remaining on the level for those with bachelor’s degrees.The research - The  Economic Value of A Law Degree - considered the careers of 33,158 people, 1382 of whom had law degrees.