re: How would you prepare/save for a $200k tax bill you will have 25 years from now?

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For a lawyer, its a little narrower if you want to continue to practice/keep your license, but still some opportunity there.

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?? "Keeping your license" has nothing to do with your daily job. Once you've passed the bar in LA, you simply need to keep current with your CLE requirements, pay your bar dues, and you have active status. This is entirely independent of whatever you do for a living. Plenty of non-practicing attorneys with active status...why would you ever let that lapse after working so hard to achieve it?

The vast majority of successful law school graduates first earn, as you call it, one of those famous "liberal arts" degrees. English, history, poli sci, "prelaw" are all liberal arts disciplines....

Again, the loan forgiveness for public service has absolutely NOTHING to do with the field of study, grad vs undergrad, what you do in your daily job. It is solely whether your employer is governmental or 501 c 3. Ochsner Health System, for example, is a nonprofit employing plenty of docs, lawyers, and other professionals who would be eligible for loan repayment under the public sector forgiveness program. There are at least four legal jobs currently open in Ochsner's labor listings right now. I think the idea that legal jobs are hard to get (or vastly underpaying) in LA is not an accurate one at the moment.