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Messages - yykm

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Diminishing returns.

Job Search / Re: What % of Class Gets BigLaw at Fordham?
« on: February 15, 2008, 09:18:25 AM »

no exact # here, but it should paint a good picture of how many students get into biglaw

Yes, because fordham's self-reporting numbers trying to recruit students are accurate lol.  Give me a break.....
Agreed.  Something is definately amiss with those numbers.  Roughly 90% reported and of that 90%, roughly 50% found jobs at 500+ attorney firms (most likely V100 firms).  If this were correct, then at least 45% of Fordham grads land jobs at the largest segment of firms.  This is on par or better than GULC and probably some other t14 schools. 

When did Fordham make this miraculous leap into t14 placement?  I'm not buying it.

Current Law Students / Re: US Attorney's Interview
« on: February 12, 2008, 02:50:13 PM »
Tell them you're interested in litigation.

Job Search / Re: Laser Printer? wtf?
« on: February 02, 2008, 11:53:15 AM »
You really dont need much resume paper.  The only time you want it is for the in=person interviews (oci or callback).  For the screening stuff, you will send out emails with attachments unless the firm is one of those smaller places that wants you to mail the crap to them.

Job Search / Re: Worth the move
« on: December 04, 2007, 05:56:01 PM »
I went from a t1/t2 to a t25.  I ended up with a medium size firm that pays well.  As DH mentioned, it's somewhat difficult to get a job w/o grades at the new school. 

If I was you, I'd transfer to a top 30 school if I could.  However, keep in mind that if youre not in the top 15% at your old school AND you arent at a t14ish school, then biglaw will be tough to get.  Top 1/3 is the rough cutoff point for biglaw jobs at the top 20-30 schools, so the firms need to view your ranking as at least on par with top 1/3 at the top 20-30 school to have a decent shot.

Also, you may want to consider transferring to a school that provides the best shot at biglaw regardless of location.  After a few years in a location you dont like, you will be free to move where you want and even stay in biglaw.

Current Law Students / Re: Check out "Ask Dr. Salary" for lawyers salaries
« on: November 29, 2007, 11:13:24 AM »
2LMan is right in that it is your life, do what you want for what ever reason.  But if you are coming on these boards to ask "is it worth it" then maybe you already know the answer?  But again, other than the debt (which really isnt that big of a deal) I can't see any down side to a law degree.  Of course, I'm biased.
Possible downside: you had a job as a paralegal making 30-40k in a small town before law school.  You went to a mediocre school, rank 35-75.  You accumulate 80k+ in debt to attend law school and now you end up back at your old small town firm starting out at 45k.  In 3-5 years, youll move up to an avg pay of 75k. 

In concrete terms, you lost 100k (minus 5k summer employment) in income and now have an extra ~80k in debt. This 180k was spent to increase your earning capacity twofold (ie, 35k to 75k, which technically is a bit more than twofold).  It will take roughly 7 years for the investment to pay off assuming no interest.  (30k for first 3 yrs, then 3.75 yrs for last 150k).  With interest, you likely need 10-12 yrs to come out ahead.

Just imagine if you take out 120k for law school and you probably need 15-20 yrs before realizing the payoff.  If youre a non-trad and you end up in this situation, you may not have much of a net payoff.

Job Search / Re: International students and job employment
« on: November 29, 2007, 11:00:18 AM »
I know an English student at a school ranked much lower than NYU who had no trouble finding paid employment as a 1L.  This was at a medium size firm too, so I would think larger firms would be just as willing if not more so. 

He also has Oxford on his resume, but im not sure how much that matters. 

Transferring / Re: Transfer or Stay w/ Scholarship
« on: November 29, 2007, 10:56:57 AM »
If your T2 is in the same region as the firms or the firms recruit at your t2, then you are in good shape.  It's much more difficult for firms to hire you from your new shcool when they dont know how to interpret your grades from your previous school.  With that said, being top 10% at any t2 will likely get you at least a few biglaw callbacks if you transferred into a t14.  Maybe not v5 level, but still biglaw.

Job Search / Re: Mail or Email
« on: November 28, 2007, 05:17:21 PM »
Follow the directions of the each firm's website.  Large firms usu (if not exclusively) prefer email.  Mid-size and smaller market firms may want mailed apps, but the key point is to follow the directions on each firm's website.  If you have any questions, call them up.  Additionally, make sure you have a name of the person you direct your letters to.  If you dont, call or shoot an short email asking for this info.

Current Law Students / Re: Check out "Ask Dr. Salary" for lawyers salaries
« on: November 28, 2007, 08:26:56 AM »
If money is the only consideration, you will earn every penny of your salary.  Of course, the upside is being an attorney has other benefits not related to the day to day practice of law.
Such as?  Im hoping that it's more than an ego stroke that being an attorney provides.  Money-making ability post-grad should be a factor in a person's decision to go to law school.  It's costly and people invest a small mortgage into the endeavor.  The fact that so many people over-invested in the housing market should highlight the importance in having a realistic idea of what you should expect money-wise when you graduate.  Otherwise, youre making poor investment decisions.

Still, some non-trads have a different perspective on what constitutes quality living.  Certainly, people dont need to make $80k+ to be happy living in the burbs of a major city.  Some have lived with far less (even taking into consideration the debt of education) in the same general location.  Still, they probably better understand the reality of making $40k in their hometown, which may be better than their previous salary.

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