Law schools are in crisis: Enrollment is plummeting, bar exam pass rates are declining, and the employment rate for fresh graduates is abysmal. There’s one area, however, in which these institutions still outpace the rest of academia: how much they pay. Tenured law professors pulled in a median salary of $143,509 in 2014, more than professors in any other discipline, according to new survey data.
All told, professor salaries rose 2 percent in 2014, edging above the inflation rate and pushing the median pay for tenured professors to $100,087, according to a report released on Monday by the College and University Professional Association for Human Resources. The group tracked faculty pay at 303 public institutions and 543 private institutions.