actuary + lawyer = ?

[Anonymous]

A few very bad jokes, I'm sure.

Seriously - anyone know what type of opportunities might be open to someone who was both a lawyer and an actuary? A lawyer posted here not too long ago looking for that very combo for a consulting case. I imagine insurance companies would value the combo also, but am not sure. I've been tempted lately to go back to school for law, but would ultimately want to use both professions rather than just have a career change. Any info/experiences would be appreciated - thanks!

[Patience]

A shark that stares at the other guys shoes??

Seriously, It could definitely be a valued combination. But, unless a unique job is created, it could be cumbersome as well.

If you work actuarial I doubt the lawyers would afford you any more respect than any well educated actuary. & vice versa if in the legal department

Best possibilities are areas with heavy regulatory issues, contract development.

[Enough Exams Already]

A lawyer friend and I have been talking about opening up shop consulting for lawyers. We have been talking about valuing contracts and estates, calculating damages and designing structured settlements for other lawyers. It combines skills from both areas, and we get to make money off of lawyers instead of the other way round. Maybe it's something for you to explore...?

[kooky cookie]

is studying for the bar any less memorizing than these exams?

[Double High C]

actuary + lawyer = slam

[slam]

Someone's been paying attention.

[WWSituation]

slam, what haven't you done??? :grin:

[slam]

Climbed Mt. Everest. Been to the Moon. Passed EA2,A...

[mememe]

Working for the in house legal department of an insurance company probably doesn't pay more than a fellow. That being said, you could do some consulting as a lawyer that specialized in actuarial issues which could be lucrative. The only other way I could see you end up ahead is if getting a law degree helped get you into upper management but getting an MBA is probably a better option if that's your aim.

[justice]

FSA + JD = me

[joeorez]

In the CAS, a few FCAS's who are lawyers are Finger, Fusco, McNamara, and Taylor (Jane). Two worked for Insurance Services Offices for a time and were involved in rate filings.

You might look up their email addresses and ask them whether they thought the dual designations were valuable.

[BondGirl]

Patience - Not all law is in court.

Kooky - I think that Law School + the bar might amount to the time it takes to get a fellow designation. Law school costs money though, but if you graduate in the top of your class from a good school you could get an entry level salary that is more than an actuary would make. Of course, I don't think lawyers have the job security of actuaries, and they probably work more hours.

I actually think it would be useful since insurance is so heavily regulated. I don't really know how quantitative law is though. It requires logical reasoning for sure, but I don't know how much you actually work with numbers. Maybe for tax law or bankruptcy law...anyone care to comment?

Slam/justice, what do you do? (lawyer, actuary, and how do you use the degree/experience of each)

[LossLimit]

I can't remember the details but a lawyer friend of my Dad's was talking about an actuary that worked for his firm.

[Maine-iac]

BondGirl - I kind of doubt you will get responses from the original posters when you are bumping a thread from 2001/2003. Never know, though, I suppose.

[DudeMan]

BondGirl - I kind of doubt you will get responses from the original posters when you are bumping a thread from 2001/2003. Never know, though, I suppose.

ITA, I don't think the AO allows 'anonymous' posts anymore.

As for the lawyer + actuary = motor vehicle accident or workers comp lawyer. The actuarial background prevents the lawyer from having to consult with an actuary to come up with settlement calculations.

[JMO]

Long ago I knew a pension actuary who decide that FSA wasn't enough, and he went to law school. I presume it was to study pension law. I've lost track of the person, don't know how it worked out.

[glassjaws]

What's that one guy call himself? Actutorney?

[Castor Troy]

actuary + lawyer = one bad mofo

[Simply Brilliant]

Long ago I knew a pension actuary who decide that FSA wasn't enough, and he went to law school. I presume it was to study pension law. I've lost track of the person, don't know how it worked out.

Is that the guy that is now a congressman, and if its not there is some actuary that was a actuary, then lawyer, back to actuary, and now congressman/politician.

[FAS158]

Could go for an ERISA lawyer.

[teapeaexcueexplustea]

We have two lawyer/actuary/MBA's at our office. SUPER smart peeps. One started as actuary, decided to become a lawyer, then came back to actuarial...all with 6 kids!!!!!

[iwakura42]

We have two lawyer/actuary/MBA's at our office. SUPER smart peeps. One started as actuary, decided to become a lawyer, then came back to actuarial...all with 6 kids!!!!!

Sounds like a good excuse to get out of the house!! Six kids, wow.

[Hawkshaw]

One of the instructors at my FAC was a certified actuary, lawyer, accountant, and worked as a mathematics professor at the University of Michigan. I can't remember his name, but Bruce Schobel would - he said they've known each other a long time.

[MegasusNoodle]

To the original poster, I worked in pension consulting for three years, got my FSA, and am currently sitting in a mergers & acquisitions class at law school.

If you have any specific questions about the switch, shoot me a message.

[BondGirl]

http://www.gtlaw.com/People/CynthiaAGroszkiewicz

[BondGirl]

I also found this guy...wow.

http://www.expertinsurancewitness.com/