Are graduates of law schools — especially those who incur big debt at lower-ranked schools — sorry they ever embarked on a legal career? "Yes" would seem to be the logical answer, given the grim job picture in recent years. But a new paper published by the University of California, Irvine School of Law undercuts that view.

According to a survey of 4,500 law graduates who started legal careers in 2000, graduates of lower-ranked schools "were only slightly less likely to feel they made a mistake" than those who went to elite law schools, the ABA Journal's blog reports. This finding contradicts the popular view that graduates of lesser-ranked schools would eventually regret their legal education investment, once they faced the reality of the job market .