But what if I told you there was an even better get-rich scheme? Here, in this article praising third tier law schools for their innovative academical gris-gris, comes the down-low info of where you really need to send your lazy law graduates:
Nationally, the average ratio of population to lawyer is roughly 250:1, according to Michael Hunter Schwartz, dean of the William H. Bowen School of Law at the University of Arkansas at Little Rock. In Arkansas, it’s 500:1, and in the state’s delta region, it’s 4,000:1.Ca-ching!
What are all these ridiculous lawyers doing? Anyone within a dead body's throw of Bylthville or Stuttgart should be setting up shop!
4000-to-1! Since lawyers are sixteen times as scarce as in the rest of the country, we know by the power of Math! that demand for each lawyer if sixteen times as much.
I know some of you aren't exactly diamond-level economists, so I'll give you a hint: lower supply and higher demand means higher price for you.
If $200 represents a fair fee for legal services nation-wide, in the Arkansas Delta you can expect to charge $3,200 an hour. Your trip on the Million Dollar Express just got a lot shorter. In fact, 313 hours and you'll hit a million in revenue.
That's a lot of money just sitting in the Arkansas Delta doing nothing, just waiting for an intrepid lawyer to come and get rich serving these terribly under-served folks.