If you are interested in private practice as an attorney, having a CPA provides you with a knowledge base that will help you with any type of corporate law, including mergers & acquisitions, tax, real estate, general corporate, SEC filings, trusts & estates, and others. Someone who has practiced as an attorney and has a CPA could also work as in-house counsel for both private and publicly-held companies. In addition, many CFOs (Chief Financial Officers) have both a JD and a CPA.
If you are interested in tax law, consider obtaining an LLM in tax as an option.
Either way, being a JD-CPA increases your options and marketability.
I would say, if you want to be an actual lawyer, practicing some sort of law, then the investment in law school is worth it. If you want to do the work that is done at Big4 type firms or IB, I would be skeptical of the point of law school - this is my personal opinion. MBA is also something to look into if you are focused on being more business oriented. However, if you want to practice actual law and go into something like Securities Law, M&A, and Antitrust (among many others), I think the CPA will be a great tool to leverage, both academically and in the job search.
I also have felt that completing CPA has given me a leg up in terms of being able to keep up with the law school workload and understanding how to be a professional in law school. Having taken the break and come back into education, I feel like a better student than if I went to law school directly from undergrad. Being a CPA and a future JD, I will be leaning more into my JD degree and I would totally be okay with not using my CPA, as long as I get to practice law and litigate - this has allowed me to explore the legal field more and try more things outside of business. If you are dead set on using both CPA and JD on a daily basis, then Tax, Corporate Law, Securities, M&A, Antitrust - and more - are great options but keep in mind, three years in law school is a very long time with a deep financial, professional, and personal commitment.
P.S. I don't hate my CPA degree, I just want to be a lawyer.
Kshitij recommends the following next steps:
Most lawyers aren’t CPA’s, and most CPA’s don’t have law degrees. The dual combination could be quite a niche.