Which legal school considers various societal factors when interpreting law?

Legal realism is the correct answer because it emphasizes the importance of societal factors in the interpretation and application of law. This school of thought argues that the law is not a fixed set of rules but is influenced by various social, economic, and political contexts. Legal realists contend that judges should consider the realities of life and the impact of laws on society when making legal decisions, rather than just relying on formal rules or past legal precedents.

In contrast, natural law focuses on moral principles and innate rights as the foundation of legal systems, asserting that certain rights are inherent and universal, regardless of societal factors. Legal positivism, on the other hand, maintains that law is a set of rules created by the state and should be followed regardless of moral considerations or social context. The historical school of thought emphasizes the importance of historical contexts and traditions in understanding the law, rather than the broader societal factors that legal realism considers.