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Messages - Felsen

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Current Law Students / Re: Microsoft OneNote
« on: August 08, 2006, 09:13:47 PM »
Note that the 2007 version won't be coming out for a bit.  If you want it from the start of law school, you need to get the 2003 version.

Current Law Students / Re: Microsoft OneNote
« on: August 08, 2006, 08:50:43 AM »
Most importantly, at least one of the other threads has a link to download a trial copy of One Note.  You can test it out yourself and see if it will help you better than MS Word.  If you can't find the thread, just go to Microsoft's website and search for the demo.

Current Law Students / Re: Thank You letters - advice needed
« on: August 08, 2006, 08:49:13 AM »
I throw away most Thank You cards and Birthday cards I receive as well.  I would certainly miss them if people stopped sending them to me, though.

Current Law Students / Re: big city v medium city
« on: August 04, 2006, 06:22:06 PM »
It all depends on the specifics.  Note that all the numbers below are made-up and inaccurate.  The math is also fudged a bit, but needs to be simple to easily illustrate the point.

For example,
City A has a CoLI (Cost of Living Index) of 1.3 and City B has an index of 1.0.
City A will pay you $130K/year, and City B $100K/year.
You spend $80K/year living in City B, and $104K in City A (80K*1.3 pretending CoLI actually works that way in this case).
In City A, you end up with $26K in savings/debt repayment at the end of a year.
In City B, you end up with only $20K.

If you are able to reduce your expenses from 80K/104K to 40K/52K, the differences jumps from $6K to $18K in favor of City A.

Now, most places won't actually increase your salary by that much for cost of living.  Instead of giving you $130K in City A, they'll give you $112.  In that case spending 80K/104K gives City B the advantage of 20K vs 8K in savings.  While spending 40K/52K makes them equivalent for savings.

There are lots more variables, such as how the CoLI changes for renting vs owning.  How your expenses will grow over time as you want to spend more and possibly start/expand your family.  The basics are here.  It mostly depends on how much of a salary premium the company will pay you to work in City A, and how thrifty you are.

Note that may happen that you can make more savings in City A, so you work there for several years to pay off your debt and develop a nice stock portfolio, then switch to City B and live a more luxorious lifestyle, because things are cheaper.  For each of those periods of time, you happen to choose the city that will best suit your expenses versus income.

In conclusion, you'll have to do the calculations yourself to truly know.  The hard part is guessing how cheaply/expensively you'll actually live.

Current Law Students / Re: Any other 1Ls dreading the start of year 2?
« on: August 04, 2006, 12:16:03 PM »
OCI == On Campus Interview

The useage I've heard tends to refer to the recruitment processes initiated by your schools career services office.  I've also heard people referring to the career services office as OCI since they are the people through whom you go to get the interviews.

Job Search / Re: most coveted 1L summer jobs?
« on: August 03, 2006, 12:24:01 PM »
I haven't heard anything about this at firms, but I know at the Technology company where I work, you get additional benefits if you spent the summer(s) with the company.  They let you count the internship periods for accruing certain benefits such as vacation time and seniority.

From what I've read, it is a miminum of 6 weeks for most firms.  To do only 6 weeks, you'll probably be doing a split summer with another firm.  If you decide to intern with only one firm over the summer, you'll be there for longer (probably more like 12 weeks).

Current Law Students / Re: Did I just shoot myself in the foot?
« on: August 02, 2006, 10:21:34 AM »
When I was investigating schools, I met someone in a similar situation; except that he was in the top 10% or so of his class and just decided not to try out for Law Review.  He ended up with a very good summer job.  He did say that when people interviewed him or looked at his resume, the topic did come up.  It was normally along the lines of "With grades like yours, why aren't you on Law Review?"  So employers will notice.  For him he could say he just wasn't interested.  You can't honestly say that, but should come up with some reason before you start your job hunt.

Job Search / Re:
« on: July 29, 2006, 08:23:17 PM »
Related, but not exactly what you want.  After you have experience, you never pay a headhunter to find you a job.  Headhunters charge a fee to the folks who end up hiring you.  Thus they don't actually make money off of you until they find you a job you accept.  Of course, very few headhunters will bother with you until you have a few years of experience.

Finding a first job, it is more of a service to you, so I can see them charging you.  The problem is, they no longer only get money once they find you a job with which you are happy.  Now they get money no matter what, and only have to make whatever good faith effort is required so you don't sue them.  You could find out information on where to send a mass-mailing campaign to any law firm in the US all by yourself.  If they were hard to find, they wouldn't have business.

I presume that they help you with your resume and cover letter writing, which apart from the nominal $10 they may spend on printing and postage, is where you should evaluate whether that is worth the money.  This is something your college's career services should be helping you do for free.  Personally, I'd not consider it.  There may be some extenuating circumstances in your case, but in general I'd consider it a bad deal since you have to pay up front.

Current Law Students / Re: Paying for a laptop???
« on: July 27, 2006, 03:05:56 PM »
Credit card.  I don't like to carry that much cash on me.

Once I've paid with the credit card, I'll submit a form to my school which requests my Financial Aid loan to be raised by the cost of the laptop.  Check with your school's financial aid office to see if this is an option.

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