We are in the worst financial downturn since the Great Depression, but it may offer real opportunities for gains in well-being for both lawyers and teachers. First, let’s consider the effect of money on happiness. Then let’s think about how this downturn can be an opportunity to reconsider the priority of goals for financial gain.
Law schools are beginning to take seriously the challenge to produce lawyers both capable of good lawyering and good relationships, skilled advocacy, and without the fuel of anger, contempt, derision, scorn, and humiliation. Further, we are finding that many practicing lawyers both want to change and can change.
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Newly qualified solicitors can earn as much as 50,000 pounds in their early 20s. Despite such lucrative prospects, cumulative research over the past 10 years indicates that lawyers are among professionals most likely to suffer from stress, depression, and alcohol abuse. If status, reputation, material rewards, and bright prospects cannot offer happiness, what would?