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Messages - Sooner

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Incoming 1Ls / Re: University of Chicago Class of 2010
« on: April 20, 2007, 02:34:54 PM »
hey guys- did any of you receive a scholarship "with a moral obligation" to repay it?  what exactly does this mean?  is it basically like a loan that's indefinite, but you're supposed to pay back?

Weird. Oh well. Something is better than nothing. It's an interest free loan for you. You may be able to argue something about imputed interest and a student loan interest deduction...ha ha

Visits, Admit Days, and Open Houses / Re: Review of Chicago ASW
« on: April 19, 2007, 08:38:50 AM »
So, were the trivia questions in this competition mostly about pop culture? What other topics/subjects, if any, were covered?

Brito, delete your LSN profile and create a new one to show that you aren't obsessed with how many hits your LSN profile has received.

This might be yet another ploy. Hey, Brito.

Law School Admissions / Re: For Harvard's Hold Applicants...
« on: April 17, 2007, 05:12:19 PM »
You don't need to have a pressing deadline. Simply ask whether a decision has been made on your application. I was courteous, but short and to the point. You really don't have to say anything else.

Choosing the Right Law School / Re: Penn vs. Chicago
« on: April 17, 2007, 03:58:41 PM »
Unless Penn is offering you significant merit aid or you absolutely hate Chicago, Chicago is the correct answer here. Discounting the new USNWR rankings as the garbage they are, Chicago and Penn are not peer schools. Chicago will give you a significant advantage in any competitive career path in any market. I don't think slight preferences in environment should be enough to make up for that. Take a look at the Ciolli and Leiter firm placement studies and the lawfirmaddict isn't close.

But I imagine it is getting closer, because of the quality students that base their decisions on US News' rankings and who conclude that Penn is truly even with Chicago. In this way, the law school rankings make the law school rankings.

Penn was 12th in the rankings as recently as Y2K. Penn's rep scores and LSAT numbers have always been lower, even significantly lower, than Chicago's. So Penn games the rankings, ties Chicago, and waits for its rep ratings and class GPA/LSAT numbers to catch up to its overall ranking. Makes sense.

Of course, we are splitting hairs. This stuff only really matters for clerkships and academia placement and for people who finish near the bottom of their classes grade wise. Most people don't need to worry about that stuff. Choosing based on vibes and perceived fit with one's personality is most important. Good jobs come easily from either institution.

Law School Admissions / Re: For Harvard's Hold Applicants...
« on: April 17, 2007, 12:38:54 PM »
People that call...could you please state whether &, if so, when you were held? I was held in January and I decision yet. The lady told me that they are reviewing the held applicants now. I want to know when rejections for held applicants start rolling out en masse.

Law School Admissions / Re: Accounting or Law
« on: April 17, 2007, 09:07:03 AM »
You mean those w a JD wind up doing this? That's not my goal (even entry-level) with a JD/LLM in Tax...Should I reconsider?

Well, I qualified it by saying "many," but yes. I know of a lot of third tier and second tier law grads who have taken entry level jobs at accounting firms. When I was at national tax training for KPMG, there was even a University of Michigan law grad who was starting his career with the rest of us, doing tax compliance work. He seemed to be a pretty big screw up, though (he came to class several hours late and hung over), so I would guess that his grades at Michigan weren't so hot.

You probably would get paid more, with your JD, though.

I don't believe that is true at all. Accounting firms are very careful about standardizing pay for equal positions, and I've not once seen a case where someone with more education made more money than another in the same position. Think about the potential discontent and bad will among employees that could come from doing something like that. Pay at each position below the partner level is determined by the market, and accounting firms don't seem to ever stray much from the market rates. If they can fill the positions paying current market rates, why pay more to someone to do the same work just because that person has a JD? Remember, entry level work is simply typing numbers into a computer program.

Law School Admissions / Re: For Harvard's Hold Applicants...
« on: April 16, 2007, 11:01:42 AM »
And with no phone call email, it's easy to presume what the decision is...

Incoming 1Ls / Re: University of Chicago Class of 2010
« on: April 16, 2007, 08:59:37 AM »
It's time for me to make this call. I didn't attend ASW, but I visited the campus last fall. I'll meet you folks in September. This sounds like it's going to be a good 3 years.

Now, just three more months until I quit my job... 8)

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