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Messages - StevePirates

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51
General Board / Re: Anyone Else Worried about OCI?
« on: April 22, 2009, 12:18:23 AM »

2) Billing for 1st years is over 350 dollars at the big NY firms. If you bill 1800 per year on average, that's $630,000. Subtract 210,000 for salary plus bonus for a 1st year (the high water mark) and you are left with 420,000.

Factor in taxes, unemployment insurance, workman's comp coverage, and office space and materials.
Dunno if it all adds up to a loss.  The "new lawyer loss" paradigm is brought up almost every time a discussion on new associate salaries comes up.  If new associates aren't net losses, then I doubt they bring much value to the firm.

52
Reviews, Visits, and Rankings / Re: WTF Rankings
« on: April 20, 2009, 11:05:58 PM »
USD went up 21 spots from #82 to #61. Talk about a killer leap.

 USD was 65 in 2006, getting back to 61 isn't really a leap because it is just back in the spot it was 3 years ago

I remember when USD dropped from 65 to 85 and the students nearly rioted against Admin.

53
General Board / Re: Is law school making you lose more hair?
« on: April 20, 2009, 10:59:25 PM »
And does Rogaine actually work?

Stress can contribute to hair loss.  Rogaine does work.

Law School is not making me lose my hair.  I don't stress out that much.

54
The longer I spend in law school, the more I realize how meaningless these rankings really are.

But that's just me.

The only people who care are 0Ls

Tail waggin' the dog.  Because they care so much, everyone else has to care a little.

55
Reviews, Visits, and Rankings / Re: WTF Rankings
« on: April 20, 2009, 12:00:58 PM »
I think that San Diego's leap was pretty impressive.  I wonder if their part time program factored in there. 

56
What I think is really interesting is that since these use the 2007 Bar Results, USD's bar passage rate will go up for the next rankings, I wonder if they'll manage to crack 50s.

I also think it's interesting that in this day and age, we've still got such a huge lag on bar results for the rankings.

57
Yeah, makes me glad for my town.  I hope my friends there keep their SA and BigLaw gigs.

58
California Western / Re: Cal Western or Thomas J
« on: April 20, 2009, 02:48:54 AM »
New rankings (leak) have USD at 61, so looks like they've righted their ship!

59
If these are legit, then way to go U San Diego!

60
General Board / Re: Anyone Else Worried about OCI?
« on: April 19, 2009, 10:07:49 PM »
Same place I got my "associates cost money for 3 years" statistic, that sorta thing is primarily anecdotal, and often repeated.  There have been some studies showing that between salary, bonus, perks, benefits, office space, and training costs, an associate "costs" more than they can recoup for the firm in billable hours.

And to be honest, when I said "statistic" I should have really said "commonly held belief with some support from ABA Law Firm Management Articles".

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