Payscale looked at 98 popular law schools and found roughly 28, 000 grads in their database who reported salary information including 8, 500 working in the private sector with less than five years of experience (we excluded those working in the public sector).

FORBES: Law School Graduates Do Not Make $160,000

They looked at starting salaries of graduates from 98 popular law schools and found roughly 30, 000 of them in their database who had reported salary information, including 8, 900 working in the private sector with less than five years of experience (the study excluded those working in the public sector).

FORBES: The Law Schools Whose Grads Earn The Most

The big shock:Irwin Jacobs named his son, then age 32 and with all of five years of experience in the working world, to run the new venture, passing over Richard Kornfeld, a senior manager, who quit shortly afterward.

FORBES: Magazine Article