Yes, going off memory here, but IIRC the earliest legal degree in the US was the LL.B. - I think HAAAAAHRVAAARD still awards them - but as the field became more of a post-baccalaureate graduate/professional program, the lawyers got butthurt about "only" getting a Bachelor of Laws, so they got the name changed at most schools to a Juris Doctorate. Meanwhile, the LL.M. has evolved into mostly a specialist tax law or international law thing, or a way to get obviously well-educated foreign lawyers a US degree more quickly so they could sit for a bar exam somewhere. Since it was never the biggest thing, and since almost all law professors just have a JD anyway, nobody worried about changing the LL.M.'s name.
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