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Should law students apply to this and do they have any edge over students from other fields?
Consulting might be a little less technical hence suited a bit more for lawyers - also as McKinsey and BCG (i am not sure) hired from NLS till a while back. Even that has stopped now, as more and more engineers are directly moving into these positions. Lawyers do bring a lot of analysis and problem solving, but IB/consulting also has a lot of excel-related number donkey work that may not be suited for law grads.