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Suppose you have a choice between two attorneys who just passed the Bar Exam. One qualified after years of practical experience, but never attended law school. The other went to law school, but has never worked as an attorney in the Real World (the Bar Exam, unlike the PE exam, can be taken immediately after you graduate, and usually is). Given this choice, I would prefer to hire the unschooled lawyer with real-world legal experience, rather than the educated lawyer with none.
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I agree with you on that. However, my comparison was between two lawyers with no professional experience, but both having passed the BAR exam.