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Succeed in the LSAT: Prep courses or solo study?

The Law School Admissions Test (LSAT) is a key hurdle for anyone who wants to apply to a North American law school, and is just the first step in an anxiety ridden and expensive few months for tens of thousands of young Canadians every year. Many students take formal preparatory courses, shelling out hundreds of dollars to do so. There are so many private prep courses, public information sessions and study options, how can prospective Canadian students know which is the best path towards acing the LSAT?