The government payscale is available online.
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« on: August 24, 2007, 11:37:24 PM »
It's great experience, particularly for a litigator. It gives you solid connections to the court in your area. It's also very prestigious.
State Sup. Ct.
Fed Magistrate/Art I Court
All State Courts
It's usually not worth it to clerk at the state level unless you clerk for the supreme court. Otherwise, go federal or don't clerk. Most people don't clerk; most people really don't have the option. If you're not at a t14, you need to be in the top 5-10% of your class to have a realistic shot. Outside of tier 1, you pretty much have to be the #1 student to have a good shot at a federal clerkship.
Still the same salrary after you take out your loan debt from your 100K salary or have no debt and make 60-75K
Don't forget that people in small law top out a lot quicker. The student loans are paid off in 5-10 years, depending on how aggressive one is. A midlevel/senior associate can pull down $300k+. But the small law 7th year? Nowhere close. You have a ton of compression, and the financial comparison is not even close after a few years, even with all the student loans.
What do you mean? Job wise
A general rule is that it's a lot easier to move down than it is to move up. If you start off in Biglaw, you have plenty of options. If you go to a less-than-stellar school, you're already starting at the bottom. Where are you going to go if things don't work out?
« on: August 24, 2007, 10:21:14 PM »
You will not get a federal clerkship. You can clerk on the state level. Why bother?
Neither school will give you great options for employment. As long as you know this when you go in, work hard and you'll be okay. It's a lot of money to spend and a huge opportunity cost when the chances are you won't be able to land a solid job to pay it back.