Posted by Ilya Somin:
Are Law Professors Miserable, and if so Why?
http://volokh.com/archives/archive_2007_12_23-2007_12_29.shtml#1198962326


   [1]Paul Caron of TaxProfblog claims that law professors tend to be
   unhappy and tries to explain why. He argues that legal academia is a
   "miserable" job because it is characterized by 1) anonymity, 2)
   irrelevance (inability to see any impact your job has on the lives of
   others), and 3) "immeasurement," (inability to measure whether you are
   succeeding at the job or not. [2]UCLA lawprof Steve Bainbridge takes
   issue with Caron's assessment, pointing out that there is no proof
   that law professors are, on average, more unhappy than professionals
   in other fields. He also notes that professors do not in fact
   generally suffer from anonymity, irrelevance, and immeasurement. I
   think Bainbridge generally has the better of this argument. In
   particular, he is absolutely right to note that academics don't lack
   for measures of their success (or lack thereof). Our achievements and
   failures are measured by citation rates, conference invitations,
   offers of visiting positions, promotion to tenure, pay increases
   (which at many schools are at least partly merit-based, and of course
   student evaluations. None of these measures are perfect. But
   collectively they should give most professors a reasonably good
   indication of their professional standing.

   In addition to the points Bainbridge makes, I would note that it's
   hard to believe that being a lawprof is an unusually "miserable" job
   in light of the fact that there are so many more people who want get
   into legal academia than there are jobs available. [3]According to
   AALS data, in most years, less than 15% of applicants for entry level
   law professor jobs succeed in getting a position. That is a very high
   demand for a "miserable" job, especially when we consider the fact
   that most of these applicants could earn higher salaries as private
   sector lawyers. It's possible that all these sophisticated graduates
   of top law schools (and sometimes of PhD programs as well) are
   misinformed, though I tend to doubt it. In any event, very few people
   leave legal academia to go into the private sector, even though people
   who already have lawprof jobs are presumably well-informed about how
   "miserable" such positions are.

   There are also important advantages of being a professor relative to
   most other professional jobs. They include opportunities to travel to
   interesting locations, an unusually high degree of control over your
   schedule, and spending most of your time working on issues that
   interest you.

   Obviously, some professors really are "miserable." And the job
   certainly isn't right for everybody. I know people who are happy
   working at law firms who would hate the academic life. However, it's
   unlikely that the life of the average lawprof is more miserable than
   that of the average professional in most other fields.

References

   1. http://taxprof.typepad.com/taxprof_blog/2007/12/why-are-law-pro.html
   2. 
http://www.businessassociationsblog.com/lawandbusiness/comments/are_law_professors_unhappy_and_if_so_why/
   3. http://www.aals.org/statistics/0506/0506_T13A_E_14yr-7yr.html

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