Yes, for some law school graduates this is true. However, a law degree like any higher education degree is only worth what the holder makes it worth. In law school you will learn how to think like an attorney. Attorneys look at situations and see the problems that will arise, the solutions to such problems, and how to avoid the problems in the first place. Attorneys come up with arguments for and against certain positions in any given situation and argue why their client's position is the correct one. Law school teaches you to think differently to analyze, decipher, and argue. It is true some graduates do not do very well (this is more true with the lesser known or lower ranked law schools), but this has nothing to do with law school in general or the particular law school the person graduated from rather it has everything to do with the graduate. Like in any profession you must work hard to succeed and obtain positive results otherwise you will not do very well. There are law school graduates from law schools you never heard of that are doing excellent financially and are very successful attorneys. It is also true that some law school graduates never practice law it may be because they could not study properly for the bar exam and never passed, but it also could be that the graduate never intended to practice law. Some law school graduates become successful in business or politics. e.g. Bill Clinton, Richard M. Nixon, many Chief Executive Officers of Fortune 500 companies, Authors, Professors, Television and Film Writers, etc.