Is a law degree worth it anymore?

I wouldn't suggest doing law because you can always switch to law later. I'm not too sure about the barrister route but I can advise you from the solicitor's route perspective. Imagine this, the modules LLB students study in 3 years, GDL (law conversion course) students do all the necessary modules to qualify (which is like half the modules in LLB degree) within 1 year. Not to mention, the LPC that all trainees must do, is once again a repetition of the modules that you did in LLB/GDL aside from vocational training, if you're interested in commercial law. The only advantage to doing LPC is if you want to specialise in IP or clinical negligence or any other area of law because then the firm wants you to take those modules that relate to your role in future. Anyway if you're particularly interested in some area of law and want as much experience as possible then maybe doing a law degree wouldn't be too bad otherwise you'll get sick of the same thing being repeated over and over again.

This is all changing by the time OP graduates anyway, with the GDL & LPC being replaced with the SQE come September.

And if you didn't know the SQE doesn't even allow you to specialise in a particular area of law such as IP or Clinical negligence. It's all basic modules that LLB/GDL students do. I don't know how they'll fill the gap of subjective diversity for solicitors with SQE

With the SQE you still need to have 2 years legal experience prior to qualifying so I can imagine specialist subjects will still be covered under training contract electives.

I guess they won't have the privilege of familiarising themselves with the law before working those seats.