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Messages - FunkyzeitmitBruno

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Are summer RA and summer PI jobs after 1L funded? And by how much? For summer RA, should you approach a prof with topics in mind or is it ok just to walk into their office and see what they give to you?

Also are RA positions during the year common and how much funding could you get for these positions?

Choosing the Right Law School / Re: Yale v. NYU $$$
« on: February 28, 2007, 07:10:55 PM »
Sorry, I'm not accusing you of being a flame or anything, but when did you get your NYU scholarship. They said they wont give out award decisions until late March/early April and their scholarship programs all have interviews in April. Unless you deferred acceptance and award from last cycle...

I didn't feel like quoting because it was getting cumbersome. My main point with Charlotte vs. NYC was that from CoL calculators I've fiddles with, 170k in NYC has the same buying power as 75k in Charlotte. That's obscene.

What is unclear, however, is whether or not this is based on percentage or pure total money (also, it might be factoring in cost of NYC housing, which is ridiculous, since I wouldn't live in the city). Basically I just want to maximize my take-home money for personal expenditures/investments. If Charlotte is that cheap, then it might be a better option. I'm sure I'll figure this out at law school, though.

Then obviously the credited response is to do biglaw in Houston where you'll get paid 160k and have an extremely low COL.

Yeah Texas, easily top compensation:COL ratio. Starting associates at 140k or so and probably better hours than NYC. The avg house is 100-120k, no state tax, low sales tax. Compare this to NYC, 1 million for a decent condo, 10% state and federal tax, I think around 8% sales tax, all of a sudden 195k doesn't seem so great. All other costs are usually a tad cheaper in Texas too.

How many billable hours to have a shot at making partner? 120% of the minimum? 150%?

whatever the hardest working guy who doesn't make partner does plus one.   ;)

(no clue).

I figure if I ever lose my mind and decide to put in 80 hours a week (60 billable/week, 3000+ billable/year) for 5-10 years, and then they don't tell me I'm on my way to making partner, I might as well kill myself at that point.

Just curious, does making partner really depend on how many hours you bill or more so on the quality and "rainmaking" ability. Obviously you should be well above the billable minimums, but from the little I've read, billing 2500+ plus a year will just let you stay on until you're a very senior associate, but partnering is more about quality work and bringing in/maintaining valuable clientele.

This seems more appropriate for XOXO, though I'll have to face a s**tstorm of flames in the process.

Visits, Admit Days, and Open Houses / Re: Law School Rivalries?
« on: February 28, 2007, 02:55:38 PM »
HLS and YLS for prestige

USNEWS rivalries
HLS v SLS for #2 in the USNEWS ranking
UMich v UVA v Boalt for top public (somehow all tied this year, what pussies at USNEWS)

Anyone have any experience with Access Group Private Loans?  They seem open to Canadians, will give you pretty much any amount required by your educational institution.  Stupid Canadian banks don't care about my credit score (which is perfect for a 22 year old), they want collatoral in the form of my parents signing their house to guarantee the loan. 

From what I've read (please tell me I'm wrong, cuz its a good option if you're eligible), you need a US cosigner or 3 years US credit history. If you either/both of those things, then it's a good option.

It's a few hundred miles from NYC, which is a fun city where Columbia and NYU are located.

On a side note, I was reading the posts on Chicago's Admitted it just me or does it seem like 90% of the incoming class is either married or engaged...weird....

...or are really into cooking. Even the straight from UG ppl are married or engaged. Should be an interesting class of 2010 (I envisage students bringing in their babies and kids to the law library now, or talking about preparing gourmet meals for their kids after returning from daycare).

Visits, Admit Days, and Open Houses / Re: Penn Preview, 2/26
« on: February 27, 2007, 07:58:59 AM »
(Ie.  Columbia "students unhappy."  Chicago "students alienated."  UVA "Students happy but not intellectual."  GULC "Don't even think about it.")

I wonder if all schools bash each other like this  :-[

Me too.  That would turn me off a school, if it seemed like its method of recruitment was to bash other schools.  I guess I'll see for myself at ASW.

Meh, I'd take it as a sign they're trying too hard, which is a good thing. Now if they were really ripping the schools like, "Gtown students are losers who cant find jobs" or "UChi students are nerds who hate their lives", then I'd be annoyed. But trying to contrast peer schools to bump your school up is fine, and can be helpful so long as you get other opinions and take it all with a grain of salt.

It would be hard to offer any genuine advice without a better understanding of your current financial situation. How much of a strain would an extra fifty six thousand dollars worth of debt place on you and your husband? How much does your husband pull in a year? Do you have any current debt?

good questions.

They're OK, but I'd say that in most cases, the opportunities Chicago would offset these considerations. However, if you plan to do public interest stuff, it's a different story. Ask MTG about Chicago's LRAP if this is the case, I don't know how good it is.

Chi's LRAP is supposed to be the worst in teh t14.  I think they give 5gs per year if you make under 35gs?  MTG can clear this up.

If PI is a valid interest, then maybe NU would be a good choice.  But the big time PI jobs are just as elitist as firms, if not moreso sometimes.

MTG would probably know better than me but I just got Chicago's award letter today and it addressed PI work.

Basically the letter admitted that their LRAP is pretty weak ("modest" is the term they used)
However it stated that if you go into PI, they will give you 5k a year for 5 years (so 25k total maximum) if you make 50k or less. A more modest amount will be given if you make 50-60k, and I'm guessing none above 60k. They will also bump up your award if you do PI during 2L summer. So essentially, rather than typical LRAP, Chi is giving out income supplements.

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