Does a LL.M really help a lawyer become a better lawyer or does the lawyer make any more money achieving an LL.M
An LLM is a masters degree in law and it requires the student to specialize intensively in one area so you really become quite the expert in the field quickly, as opposed to law school which is really quite general in nature. The folks I see get LLMs are folks who want to do tax or a highly regulated and technical rules oriented specialty, or folks who got a law degree from abroad or from a school w/o ABA accredation and now they need a law degree from an ABA school (or one from a particular state) to be able to take that state's bar. In tax an LLM is desireable and will get you a higher paid job b/c there are not many of them around.
Source(s):
I am a lawyer
It does not, although, for some odd reason, it is considered a "higher" degree than the J.D. (which is a doctorate). Depending on which subject you get your LLM in, it may lead to higher earning power. I've heard the LLM in Taxation can lead to a higher salary - but then you'd be stuck learning tax law :P
Perhaps a LLM in mediation would be good - but you'd still want to practice a few years before becoming a private mediator.
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