Originally posted by medicnas
My apologies for not being clear. So far we've established that having an MD could help with a JD. What about the other way? For a practicing physician (if the ultimate goal is to practice or heck, even be an academic physician) then how would the JD help? I guess in some basic ways...contracts, stuff like that...but nothing you couldn't just retain a lawyer for. Hopefully it makes sense now? Clear as mud?
Well, keep in mind I have not practiced medicine yet. So I might not be able to see the potential benefits of having a J.D. But I think a practicing physician having a J.D. is even less useful than a lawyer having an M.D.
Just having a J.D. does not make you an expert in contracts. I have a J.D. and I have been practicing law for almost four years, but I don't feel comfortable reviewing or drafting contracts. My wife does. But that's because it's been a big part of her job for the last four years. I, on the other hand, have been a prosecutor and I have worked at a law firm where I defend large international companies involved in million and billion dollar lawsuits. I learned a lot about litigation but I have never drafted or reviewed a contract for someone.
My point is, just having a JD is not enough to make you competent at any particular aspect of the law. You are going to gain those skills by being out and practicing. I have gained skills in litigation, but if someone wanted me to review their employment contract, I would probably refer them to someone else (or maybe have my wife look at it). If someone wanted me to draft a will for them, I would again refer them to someone else (or at least make sure I have an estate and trust lawyer review what I draft). Maybe I'm overly cautious, but if I just had a JD and never practiced law, I probably wouldn't feel comfortable giving any legal advice or relying on what I learned in law school for anything in my medical practice. It would be like someone trying to treat a patient with just an MD and no specialty training. You could probably do some things, but you'd always prefer to have someone with real training and experience.
The biggest value I see is that I now know a lot of lawyers. I have friends that are prosecutors, estate planning lawyers, corporate lawyers, criminal defense lawyers, employment lawyers, real estate lawyers, product liability lawyers, and I know a lot of judges, a few senators and the list goes on. So if I need quick legal advice, I can probably usually get it for free. But I don't know if that's worth three years of law school (two years in a combined program). In addition, most of the significant contacts I have made have been while I have been practicing, not while I was in law school. And if you are in a combined program, you might not have as much time to get to know all of the other law students.
In short, I guess I would say that there is very little value in having a J.D. if you are a practicing physician.
As for consulting. Something else other people have mentioned. My guess is that having an MD/JD would be of only moderate help. In reality I think the only real value to an MD/JD is as a marketing tool. I can't think of a consulting job where it would be worth the time and money.
My advice to anyone is not to bother getting a JD/MD. I'm going to have both degrees, but if I could do it all over again I would have never gone to law school and I would have just kept trying to get into medical school back in 1995 (assuming that I still would have somehow been able to meet my wife).