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Messages - Texas2L

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wow, you got me there. are you an evil genius or something? that honestly never would have occured to me.

If you think thats especially devious, you might be going into the wrong field. 

General board for soon-to-be 1Ls / Re: take home pay?
« on: May 23, 2007, 03:15:32 PM »
I wouldn't worry too much. Money isn't the only desire people have, so they'll avoid Texas and instead go to "fun" places like NYC, LA. Me, I don't mind Texas, but I'd probably rather be in Charlotte or Atlanta. Maybe. Haven't really thought it through.

Seriously, though, Texas lawyers are rolling in the money. You'd probably be able to buy land straight out of graduation, even with 100% loans. Sick.

I'm a nontrad, I've been working 10 years.. I know how it works.  :)  And you're more or less right.. although the "land" comment identifies you as an out-of-stater.. just about everybody owns land here, if by land you mean a house on it's own plot. 

General board for soon-to-be 1Ls / Re: take home pay?
« on: May 23, 2007, 02:56:44 PM »
If your sole (note that sole is bolded to preclude the counter-arguments that people don't want to live in Texas) goal is to make as much take home money as possible, I'm 90% positive that you should work in Texas. Market is, what, 150k? That's not much less than NYC, and the CoL is half.

Quiet fool.  Texas sucks.  Stay away.  All of you. 

I'm pretty sure W&L doesn't use any exam software, partly due to the Honor Code.

In any case I think exam software is not necessary; it's pretty difficult and useless, at least from what I gather, to "cheat" on a law exam. Most are open book anyway, all are tightly timed, and you will never get a top grade through the simple regurgitation of facts.

No, but without the secure exam software there'd be nothing stopping you from hiring a practicing attorney (or team of them) to take your exams for you by IM.  You'd just cut/paste what they send you and blow the curve.

General board for soon-to-be 1Ls / Re: take home pay?
« on: May 23, 2007, 02:35:37 PM »
Isn't the bonus taxed differently? My gf got a sizeable bonus last year, and I think about 40% got taken by the IRS.

No, what happens is companies use software for tax calculation.  This software is retarded.  When they put in a $30k (for example) bonus for you on a 2-week check, what it does is figure that if you made 35k this 2-week period, you make 910k/yr, and run your withholding at that rate.  So it assumes you're going to be paying the highest possible tax.

She'll get some back in her refund from that large withholding amount.

I'm doing it for a variety of reasons.  The potential financial rewards are alluring, but I also find law mentally stimulating and I thrive in the competitive atmosphere.  I really enjoy advocating on someone's behalf.  I tend to think about things too much, so seeing all sides of an issue comes naturally to me.  I instinctivley pick my words carefully, too.  So, in some ways, I believe my choice to become a lawyer is more of a reflection of who I am rather than what I want to be.  It's more deep than shallow greed.

This, I agree with.  The fact that it's intellectually stimulating (and most firms are meritocracies, at least on the face of it) goes hand in hand with the fact that if you're good and a bit lucky, you can get stinking rich.  If lawyers never made over $50k/yr I think a lot of us wouldn't be doing it, despite the fact that we're not in it SOLELY for the money.  Is the money a factor?  Yes.  Is it the only factor? No.

I don't think people should "tolerate" their work.
I think they should at least actually like it.  :o

I'm not going to dig through your posts to get an idea, but how old are you?  How many real jobs have you had and how many families have you had to support? 

These factors change this answer radically.

General board for soon-to-be 1Ls / Re: take home pay?
« on: May 23, 2007, 11:42:21 AM »
He didn't say where he lives, and the only factor thats variable in the estimate is tax.. so.. yea I guess he would have a range of 7000-9000/mo take home depending on your tax situation.

General board for soon-to-be 1Ls / Re: take home pay?
« on: May 23, 2007, 10:55:30 AM »
Figure 26 paychecks a year, around 30-35% of your check will go to taxes, 401k, insurance, etc.

So figure 32% just for a calculation figure, it'd be $4184/2wks, or around 8400/mo assuming 4-week months.  Considering there's 4.3 weeks in the average month, you'll make an average of $9k/mo after tax.

General board for soon-to-be 1Ls / Re: The Most Lawyerly Beverage
« on: May 23, 2007, 10:34:08 AM »
i need a four-point harness for my smoove Black Velvet nights

Four-points will get you killed.  Submarining sucks.  6 points are key.  And cam-lock only, please.

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