Remember the $1000 "I Am Rich" iPhone application? Well, here is another $1000 app that actually does something. If you are an aspiring lawyer, it might actually be a bargain.

How could a $1000 iPhone app be a bargain you ask? Well, BarMax CA was designed by Harvard lawyers, and it's designed to help law students pass the bar exam—so you know the information comes from a credible source . Plus, BarBri, a company that is well known in the industry for offering in-class test prep combined with a free iPhone app, typically charges between $3000 and $4000 for enrollment (they have also been involved in multiple class action lawsuits regarding monopolistic business practices).

The app is huge at 1GB—offering audio lectures, practice tests, flash cards and more—in short, everything you would need from a 2-month course. Obviously, the current offering is meant for the California bar, but there are plans to roll out versions for New York and five other popular states by the end of the year. There will also be a $500 version that features only multiple choice preparation. [iTunes and Barmax via TechCrunch]