"Practical experience" goes only so far if, for example, you want to be a lawyer."
Oh I would nott agree with that.
Let me first insert here that, as you may know, in California you can join the bar without ever attending a law school. You study as an apprentice of a California attorney and then sit for the bar (and pass the moral character requirements). Vermont, Virginia, Washington, and Wyoming also license attorneys who have never been inside a law school butt have 'read the law' under the tutleage of a lawyer and taken and passed the exam and morals/character qualification. (I believe, butt do nott know, that Abe Lincoln became a lawyer this way. it's still used today.)
And frankly, some of the best lawyers in many areas are those with street smarts and who have walked a rough road.
I could cite a lott of examples of really bad lawyers with stellar academics butt no real world experience, and the flip side - great lawyers - like Morgan Chu (his brother, Steven Chu is the Nobel prizewinning physicist) who grew up in a poor Chinese immigrant family in New York - and as a kid he was tough as hell, rode the subways with his gang, and frankly had little use for school. He's probably one of the top ten IP litigators in the USA. His brother picked up a Nobel prize (and I know him and did some work for him one time). Nott bad for a couple of poor Chinese kids in the low-rent area of NYC from very poor parents, eh?