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Messages - k0em9u
« on: April 11, 2009, 01:16:50 PM »
American media is a sham. Just without the WOW.
« on: April 11, 2009, 12:32:53 PM »
Would be pretty easy to argue that some media sources *cough* FOX News *cough* gave President Gump a pretty easy time too.
« on: April 11, 2009, 02:24:18 AM »
Well. Appellate courts are high prestige, district courts not so much. The experience you'd get is probably about the same, just about resume fillers.
« on: April 11, 2009, 01:26:31 AM »
Alright, I hope someone has some experience in this. Finding the large firms are pretty easy. How do you go about finding smaller boutique type firms, and how do you make them hire you? Predominantly interested in NYC, but any general advice or stories are of course most welcome.
Pizza will be served in room 190.
« on: April 11, 2009, 01:23:12 AM »
A few points to keep in mind. The employment rates for MBAs are lower than for JDs (that is for an average year, not talking about this year of doom for banks which makes it even worse for MBA grads). Starting salaries are lower for MBAs than JDs.
The one caveat MBA people have had, is the fairly insane pay increase scale that investment banks offered. Investment banks do not exist anymore, they 100% certainly will not in the next 8 years, and I would be very surprised to see this model of "banking" ever returning. The current downfall has simply shown too many of the faults and risks.
I was in commercial real-estate for about ten years, mostly large multifamily residential or commercial properties, sales, leases, and property management. I did it all with just a real estate license. I donít really see how the JD would help you much, even now as a law student in my final year I would not try to do the legal parts of any of these deals, I donít have the expertise or want the liability. The MBA may teach you more about how to run your own business, especially if they have a real-estatean focus. But to be good at commercial real estate you only need three things: contacts, salesmanship, and in-depth knowledge of the market, all of which can be done without any degree.
Just one thing I do wonder about here. By being in real estate, do you mean as a realtor/agent? If that is the case, I would agree, a JD will not offer anything substantial. I guess it adds some weight to your resume that might be worth it if you end up as a high end broker for some very fancy firm, but in general terms, I agree with Matthies, little value.
However, if you are looking more into the real estate entrepreneur, investor, developer, owner side I would absolutely feel like a JD would be very important. This is where I spent my pre-law career, and while a lot of the skills needed here are sort of the "innate business savvy", a strong command of the law and making contracts would be very valuable. That being said, this is a "career" that you either need to have some serious starting capital or a very long term perspective to.
I'm actually quite confident billable hours will go away. If it's going to happen during this "slump" or not I will not speculate on, but in the near future it will be gone. Do keep in mind that the law business in quite a few other countries operate without billable hours, and it works just fine.
Now for sure, no other civilization in the history of mankind has taken litigation to the level the US of A has, but it could be done
I do not think this change would come around because law firms want it, but because clients are eventually going to demand it. I am pretty sure AIG and GM have about had it with paying for $70 lunches for summer associates right about now.