[proofplan]
We induct on $m$. The base case $m = 1$ follows from the Structure of Simple Extensions: adjoining a single algebraic element yields a finite extension whose degree equals the degree of the minimal polynomial. For the inductive step, we write $K(\alpha_1, \dots, \alpha_{m+1}) = K(\alpha_1, \dots, \alpha_m)(\alpha_{m+1})$ and apply the Tower Law. The inductive hypothesis gives $[K(\alpha_1, \dots, \alpha_m) : K] < \infty$, and we need $[K(\alpha_1, \dots, \alpha_m)(\alpha_{m+1}) : K(\alpha_1, \dots, \alpha_m)] < \infty$, which follows because $\alpha_{m+1}$ is algebraic over $K$ and hence algebraic over the larger field $K(\alpha_1, \dots, \alpha_m)$.
[/proofplan]
[step:Base case]
Suppose $m = 1$, so $L = K(\alpha_1)$ where $\alpha_1$ is algebraic over $K$. Let $f \in K[x]$ be the minimal polynomial of $\alpha_1$ over $K$, with $\deg f = n$. By the Structure of Simple Extensions, the set $\{1, \alpha_1, \alpha_1^2, \dots, \alpha_1^{n-1}\}$ is a basis for $K(\alpha_1)$ as a $K$-vector space. Therefore $[K(\alpha_1) : K] = n < \infty$.
[/step]
[step:Inductive step]
Assume for some $m \geq 1$ that whenever $\beta_1, \dots, \beta_m$ are algebraic over $K$, the extension $K(\beta_1, \dots, \beta_m)/K$ is finite. Now let $\alpha_1, \dots, \alpha_m, \alpha_{m+1} \in L$ all be algebraic over $K$. Set $F = K(\alpha_1, \dots, \alpha_m)$. Then
\begin{align*}
K(\alpha_1, \dots, \alpha_m, \alpha_{m+1}) = F(\alpha_{m+1}).
\end{align*}
By the inductive hypothesis, $[F : K] < \infty$.
[guided]
We need $[F(\alpha_{m+1}) : F] < \infty$. We know $\alpha_{m+1}$ is algebraic over $K$, but we need it to be algebraic over the possibly larger field $F$. Since $K \subseteq F$, the minimal polynomial of $\alpha_{m+1}$ over $K$ is a polynomial in $F[x]$ that still has $\alpha_{m+1}$ as a root. So $\alpha_{m+1}$ is algebraic over $F$.
[/guided]
Since $\alpha_{m+1}$ is algebraic over $F$, the base case applied to $F(\alpha_{m+1})/F$ gives $[F(\alpha_{m+1}) : F] < \infty$. Now the Tower Law yields
\begin{align*}
[K(\alpha_1, \dots, \alpha_{m+1}) : K] = [F(\alpha_{m+1}) : F] \cdot [F : K] < \infty.
\end{align*}
This completes the induction. $\blacksquare$
[/step]