"You can't measure the value of a law degree in terms of what your employment number was nine months after graduation, " says Dean Rudy Hasl.

WSJ: Law Grads Face a Brutal Job Market

Many employers won't even interview a graduate who hasn't been licensed, Mr. Hasl says, adding that he advises prospective students to consider the law degree a long-term investment.

WSJ: Law Grads Face a Brutal Job Market