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Messages - OConnorScribe

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General Board / Re: What Are 1L Jobs That Pay? (Besides Firms.)
« on: August 16, 2008, 01:11:37 AM »
I found my job this summer through my school's internal career center portal ... there was a listing there. Also, local corporations with in-house counsel needs will often participate in school career fairs and in spring OCI. It doesn't hurt, though, to research what major corporations and firms are in your area and to network with them, i.e. send an e-mail to the GC introducing yourself, asking for advice about how best to land such a job and, oh yeah, I've attached a resume solely for your reference -- wink-wink. Intellectual property is a big growth area -- there are outfits known as "patent trolls," such as Intellectual Ventures, who exist for the sole purpose of licensing the IP portfolios of others and suing potential infringers. Might be worth researching that sector as well.

Will say this, though: I've learned the *best* internships after 1L are the unpaid ones. That oput me at a bit of a disadvantage, because I'm in my 30s with no parental support and bills a plenty. I couldn't afford to clerk for a jodge or take a Legal Aid type of position. My school friends that did work those jobs are so much further ahead than I am right now -- they speak of attending "Huntley hearings" and writing judicial bench memos as if it's no big deal. While I grew more sophisticated as a researcher and learned a hell of a lot about e-commerce, I did not enter a courtroom or come away with any non-confidential work product for use as a sample (I think, anyway). So I have some catching up to do on that front -- I'm working an externship in the local family court representing DV victims and, hopefully, will work either as a research assistant or for a firm doing real estate closings. My point is, if I had to do it over again, I would have at least explored the possibility of taking out a private loan or working nights bartending. But things progress the way they do for a reason -- I hope.     

2
General Board / Re: What Are 1L Jobs That Pay? (Besides Firms.)
« on: August 13, 2008, 04:09:23 PM »
Look for hybrid gig that combine law and business. In-house counsel internships and IP shops are good for this. I worked this summer for the lab that invented priceline.com doing IP and entrepreneurial business research and summary writing.Paid $650 a week ... barely enough to cover my bills, gas and incidentals but not bad either. As someone mentioned, often times smaller to mid-sized firms will pay for "law clerks" which means you do as much grunt work/organizing of files and putting them together/mailings/related tasks as you do real writing, research and motion work. Also, check with your school regarding its clinics ... several of my friends got clinic jobs for the summer that paid $10 to $15 an hour. Yeah, it's not glamorous and some of the uppity jackovs on this board would look down their nose at such a thing, but those folks are getting GREAT practicial experience, attending court hearings, meeting with clients, lots of memo writing etc. 

3
Yes, a bad year for CWT, but Lofchie's group is still in tact.

4
Also, Cadwalader, Wickersham & Taft has a top-notch B-D/I-A regulation practice. The partner who heads their efforts is Steven Lofchie, who is probably the foremost expert in the country on the topic. He previously worked at David Polk. So CWT is definitely on the top of the heap. Skadden is also highly regarded.

5
2L job search / Re: Disappointed in OCI - Read this instead
« on: August 07, 2008, 05:03:12 PM »
Matthies is absolutely right ... the best job search is always the one that doesn't follow above-ground orthodoxy. Relying on OCI is like sending resumes directly to human resources ... it's not the way to go if you want the type of job you seek. Most managers with hiring power appreciate it when you contact them for advice or help, and they are often impressed when you appeal to them, because it shows 1. You are aggressive and 2. You research the company and were able to discover who the hiring manager was on your own. In my old business (communications/journalism/Internet) almost no one is hired through contact with H.R. past a certain point. It's all networking, elbow grease and research. 

6
General Board / Re: Fifth Tier Toilet
« on: August 07, 2008, 11:53:03 AM »
They're Direct Loans.

Will tap into alumni ... you're probably right about the worker bees in debt not wanting to spend much time on these boards. :-)

Thank you.

7
General Board / Re: Fifth Tier Toilet
« on: August 06, 2008, 02:43:15 PM »
My loans are all federal for a lot of the reasons you mentioned ... keeps the weighted average interest rate to 7.3% (or whatever it is) and potentially offers more flexibility in repayment. Also, I don't trust private lenders; even though my credit is rebuilt (on track for a 750 FICO score by graduation), I've learned enough and dealt with enough to know those bastards are dirty.   

Believe me, I've heard horror stories about consolidators, so I'll definitely be mindful as I consider that option -- which is likely, as I anticipate needing a longer repayment cycle.

Is there anyone on here who is *actively* paying down a heavy debt load that can advise?

8
General Board / Re: Fifth Tier Toilet
« on: August 06, 2008, 02:42:36 PM »
My loans are all federal for a lot of the reasons you mentioned ... keeps the weighted average interest rate to 7.3% (or whatever it is) and potentially offers more flexibility in repayment. Also, I don't trust private lenders; even though my credit is rebuilt (on track for a 750 FICO score by graduation), I've learned enough and dealt with enough to know those bastards are dirty.   

Believe me, I've heard horror stories about consolidators, so I'll definitely be mindful as I consider that option -- which is likely, as I anticipate needing a longer repayment cycle.

Is there anyone on here who is *actively* paying down a heavy debt load that can advise?

9
General Board / Re: Fifth Tier Toilet
« on: August 06, 2008, 12:39:26 PM »
Can anyone speak to something I've heard through the grapevine: That if you are upfront and honest with your lenders and propose an arrangement in which you give them a monthly amount that you can afford, that most will be flexible? The only people who default, according to this logic, are the ones who stay silent and hide out.

This obviously isn't the preferred route -- I'm 33 now and would be paying 'em back the rest of my natural-born life supposing I do public-interest or small-firm work.  But I'm one of those people who is the most exposed -- at a T3 not at the top of the class after 1L with $160-70K looming. Granted, my T3 is one of those that is the only game in town and is also just north of New York, but my risk level remains high. I had a rough few years prior to attending school (layoffs, family death, health issues, credit woes), so in the grand scheme of things, I've been through worse. Plus, I'm a champion networking with the gift of gab. But a $1,200+ payment on a 360-month repayment schedule (or nearly $2,000 on a 10-year schedule -- yeah, right!!) is still pretty damn daunting.

Well, hey, at least I'm not at one of the toilets that inspired this thread. :-)   

10
Transferring / Re: T3 or low T2?
« on: August 05, 2008, 09:54:21 PM »
Fair enough, man ... I was just struck by the starkness of your posts. I agree with 100% you re: your fourth point. The risk involved would be much less severe and stressful. It's gotten to the point where they may need to be wholesale forgiveness just to reset things for the sake of logic and sanity. And, no that's not just a daydream ... student loan default may be the next subprime ...

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