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Messages - EdinTally

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91
Current Law Students / Re: Check out "Ask Dr. Salary" for lawyers salaries
« on: November 29, 2007, 01:59:20 PM »
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 you're a non-trad and you end up in this situation, you may not have much of a net payoff.
The math seems simple enough so I would assume someone who is a paralegal (your hypo character) would be smart enough to understand the financial ramifications.  That being said, why would they do it?  Job satisfaction perhaps?  Since economics isn't just about cash, and assuming your hypo employee isn't happy, the "bad" investment is a positive in the long run with or without the raises to $75k. Does that make sense?  It's just about perspective.

If the question is:  How much does a law degree cost?  Then debt might be an issue.  If the question is:  How much would you pay?  Debt may not be the biggest concern.  I hope to go to FSU to keep my debt down, but if they don't want me I'll go wherever I can without concern for the cost.

92
Current Law Students / Re: Check out "Ask Dr. Salary" for lawyers salaries
« on: November 28, 2007, 07:13:44 PM »
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.

93
Current Law Students / Re: Q regarding good title
« on: November 28, 2007, 07:35:57 AM »
(what i remember from an undergrad class, so dont take my word  :) )

In a legal transaction, the buyer is the new owner.  Your original owner would seek damages against the agent who made the sale.

94
Current Law Students / Re: Check out "Ask Dr. Salary" for lawyers salaries
« on: November 28, 2007, 07:28:38 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.

95
For the uneducated, what is the traveling team?

96
Current Law Students / Re: Law Question (Florida)
« on: November 22, 2007, 08:57:36 AM »
thanks TX


97
Current Law Students / Law Question (Florida)
« on: November 19, 2007, 03:46:49 PM »
(not asking for legal advice)

Hi all,

I have a legal question and since I'm as poor as an Alabama dirt farmer [(how does one go about farming dirt?) that is not my question] I thought I would post it here.  By way of background, I'm an undergrad at FSU and hope to attend FSU Law in 09...GO NOLES!

Anyway, sometime between '98-'00 I had occasion to hire an atty.(A1) to handle my tenant evictions in St. Louis where I had a business and used to reside.  As happens, we parted ways and to the best of my knowledge I owed him nothing.  In '00, I filed Chapter 11 and notified all parties.  I know for a fact that my bankruptcy atty.(A2) and this other atty. were in contact so I have no reason to believe that he wasn't properly notified of my bankruptcy.  Bankruptcy was closed in late '01 early '02.

Fast forward to late '06 (maybe early '07) I received notice from a local atty.(A3) that A1 received a judgment against me for $6000 and change in '03.  This coming January, I have a court date for a Motion for Order Compelling Discovery in Aid of Execution.  I think those are the essential elements.  I don't have the specifics on the judgment since I was never notified that there was an action against me (in '03 I was already living in FL).

Since I have access to FSU Law library, I can research some of this stuff but I have no idea where to start looking.  I'd also be interested to know how I can drag this thing out as long as possible (unless it would somehow effect my law school application).  I've thought of contacting A2 and having him send a letter that A1 was included in my bankruptcy. 

Thanks for any help. 


98
Incoming 1Ls / Re: What do you mean by "gunner"
« on: January 19, 2008, 04:29:24 PM »
I have a gunner in my LSAT prep class.  This person doesn't really ask that many questions but every time the instructor makes a point she has some little comment like, "Oh I see that"  "Oh thats good" "I get that"  for 3 hours and 45 minutes minus breaks.

Maybe that isn't a traditional gunner, but wow is it annoying. ;D

100
General Off-Topic Board / Re: Nativity scene on a military base?
« on: December 23, 2007, 01:49:11 AM »
I don't see anything in this scenario that isn't in violation(?)

I would think that the nativity scene makes the denomination of the church irrelevant.  It is essentially a gov. agent sanctioning a specific religious belief.  The chaplain spending his own money is immaterial.

My brief thoughts on the subject.


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