Is University of Richmond School of Law Worth It?
A comprehensive ROI analysis of Richmond Law, including cost of attendance, salary outcomes, employment rates, and career placement data.
Key Financial Metrics
Total Cost
$195,510
Median Starting Salary
$101,676
Payback Period
12-15 years
Employment Outcomes
79%
Employment Rate
5%
BigLaw Rate
17%
Public Interest
5%
Clerkship Rate
Full ROI Analysis
University of Richmond School of Law provides a mixed return on investment that depends significantly on individual circumstances. With a median starting salary of $101,676 and an employment rate of 79%, graduates can build successful careers, though the path to recouping educational costs takes longer than at higher-ranked institutions.
The BigLaw placement rate of 5% means that top students can access high-paying positions, but the majority of graduates enter mid-size firms, government, and public interest roles. Richmond Law's strength lies in its Richmond connections and Virginia legal community, where alumni loyalty and local reputation carry meaningful weight.
At $195,510 total cost, the ROI equation improves considerably with scholarship funding. Prospective students should carefully evaluate their scholarship offers and consider the school's bar passage rates and employment statistics before committing. Students with ties to Virginia and a clear practice area in mind will get the most value from a Richmond Law degree.
Best For
- Richmond-area legal practice
- Virginia government roles
- Small to mid-size firm practice
- Public interest and legal aid
Key Considerations
- Total cost of $195,510 with moderate salary expectations
- BigLaw access limited to top of class
- Career outcomes strongest in Richmond and Virginia
- Scholarship negotiation critical for favorable ROI