Law School Discussion

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Messages - mikey4400

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41
General Board / Re: Financial Services v. Lawyers
« on: November 14, 2005, 08:41:26 PM »
you can go into business with a law degree. and i think your estimate on the starting salary for new lawyers is a little low. it's probably closer to 60k. and come to think of, with all the MBAs that are popping up everywhere, and all the business graduates out there i doubt going into business is as easy or as glorious as you make it sound. my 2 cents

You have a good point, but I do know a few people who graduated with just an economics degree in undergrad and started out at $55k. i don't know if you're from NY but if you're not in Law Review or in Top20, you'll be lucky to start w/ $40k. It's so competitive here b/c people from all over U.S. and worldwide flock over here. Each yr, more and more students apply to law schools.

42
General Board / Re: Financial Services v. Lawyers
« on: November 14, 2005, 08:19:28 PM »
What is your purpose in posting this here?  We've all made the decision (for better or worse) to go to law school.

Like I said, I wanted to know what are the advantages of becoming a lawyer as opposed to working in financial services? I am positive there are people on this board that have the same feelings as I do since many graduates go into the financial path, but decide there's no point on dwelling on it.

43
General Board / Re: Mirror Image Rule
« on: November 14, 2005, 08:02:50 PM »
Here is my attempt in trying to answer the 2 questions - Please let me know if I'm right or wrong.

1)Give an example of an area in which Mirror Image rule does not apply?
My answer: UCC 2-207 --> Am I right?

2)Give 2 examples of how its use has been modified.
My answer: definite and seasonal expression of acceptance --> is an acceptance even if it states additional of diff terms. I can't think of another example??

Or am I way off in answering these questions?



2-207 Is correct

Would the new electronic commerce be a modification

Sorry for not making my question clearer. For #2, it is asking for 2 examples of how the use of Mirror Image rule in courts has been modified.

44
General Board / Financial Services v. Lawyers
« on: November 14, 2005, 07:49:06 PM »
I recently spoke to a couple of lawyers. They said that they regret being lawyers and that there are way better options out there to make big bucks and have flexible hrs. If they could start over, they would go into business. The starting salary for Goldman Sachs, Smith Barney, Ernst & Young, etc. is $55,000 - $60,000 for college grads and after a few yrs 125-150k (plus bonuses). And this is not limited to NYU or Columbia graduates. Public state college graduates can achieve this. Most of law school graduates can't even make $40,000 as starting salary (besides top 20s of course) and they just wasted 3-4 years of their life where they could've earned 4 times as much if they went into business.

They also said many law students go into law b/c they are not good at crunching numbers and don't understand stocks (statistics do show the avergage american do worse in college math courses as oppose to liberal arts (where it's easier to simply write bs papers and talk in class for participation. The students that tend to do better at math/accting/finance are asians, indians, europeans, and other foreigners).

Could this be one reason why law students choose the lawyer path even though it requires a lot more work to make $$$ and less time to spend with your family, have a social life, etc (unless you're a hermit and family and loved ones are the least of your priorities) and not to mention the general public thinks lawyers are liars and scumbags (the minute u tell them ur a lawyer, they give u the cold shoulder)?

Otherwise, why would people forego the opportunity of making so much money at financial services and not have to waste 3-4 years of their life in a grim law institution where everyone has a frown and the professors never smile??

Let's face it. Not everybody that go into law school for the simple reason that they like the law - for many it's about choosing a career path b/c there really aren't that many choices out there & money (whether it's for their loved ones, children, etc). Besides, nobody likes to work more than they have to whether it's for financial services or as a lawyer. I hate to mention that law students have the highest depression rate.
Any feedbacks would be appreciated. I just want some positivity that I'm making the right choice and that there are advantages over what those lawyers said.

45
General Board / Mirror Image Rule
« on: November 14, 2005, 06:12:41 PM »
Here is my attempt in trying to answer the 2 questions - Please let me know if I'm right or wrong.

1)Give an example of an area in which Mirror Image rule does not apply?
My answer: UCC 2-207 --> Am I right?

2)Give 2 examples of how its use has been modified.
My answer: definite and seasonal expression of acceptance --> is an acceptance even if it states additional of diff terms. I can't think of another example??

Or am I way off in answering these questions?

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