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Messages - jdmba2007

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I am loving it so far and really learning quite a bit.  I do feel a little inefficient however at times while doing my research. There are only a few 1L's at the firm and the rest are 2L's who tend to have a little more research experience. The feedback I have gotten so far has been positive so I am happy about that.  Most of the attorneys seem approachable and friendly.

Watch it. That link that was provided said that if you are a current student and consolidate now, you will lose your 6 month grace period. It made it sound like you will have to start paying as soon as school ends instead of giving you 6 months after graduation. That could be a big deal depending on your situation.

This is my biggest concern.  I don't want to be stuck begging for food while I'm trying to study for the bar.

This is an important point. However many law firms will give you an advance or even pay you while you study for the bar (assuming yuo have found a job). You may want to inquire about applying for hardship status in this circumstance

That is incorrect. You can only consolidate NEW unconsolidated loans once in your life. I consolidated my college and MBA loans last year. I cannot consolidate THOSE again. My law school 1L loans from last year are new and have not been consolidated yet. They still qualify for consolidation. If it turns out that rates rise again next year I will consolidate my new 2L loans also.

The rule allowing consolidation while in school is new.

IN SUMMARY. You cannot consolidate a loan that is already consolidated. You can however consolidate later loans not included in the first consolidation.

this thread covers the issue pretty well:

Thanks to a recent rule change at the Department of Education you can now consolidate your federal loans while still in school. Rates are about to rise by 1.93%. The deadline for consolidation is June 30th:

Many of you could save quite a bit by consolidating now.

Current Law Students / Re: 1L Summer Clerkship
« on: May 30, 2005, 07:02:06 PM »
thank you! you too!

Good Luck!

Current Law Students / 1L Summer Clerkship
« on: May 29, 2005, 09:49:20 PM »
Have most of you started working already? I am starting Tuesday. For those of you that have already started how is it going? How does the work given to you differ at all in difficulty and or quantity to the work given to 2L's at your firm?

Current Law Students / Value of JD/MBA degree
« on: May 14, 2005, 03:44:04 PM »
Is a JD/MBA worth it?  It seems many tops firms are now offering bonuses and or 2nd year associate status to JD/MBA graduates. This has been common for quite a while for judicial clerks:

Other advantages may be increased flexibility (exit options) and increased credibility (with client, etc)

Drawbacks include the cost of another year of school and salary foregone


Current Law Students / Re: MBA v. JD
« on: May 13, 2005, 03:23:14 PM »
I did my MBA before law school. The MBA program was not necessarily "easier" but it involved much less work. Law school requires tons of reading and more hours of study but it is not rocket science. B-School is much more about networking and finding your specialty. At law school (at least during the first year) we pretty much are all taking the same classes and getting a general overview of the American legal system. Personally I thought B school was more fun and less work. But it is hard to compare the two experiences because they are totally different.

This summer  (I just finished my 1L year) I will be a summer clerk at a law firm in my hometown.

I am also studying for the CFA exams and if I do not like my job this summer I may work at an I-Bank next summer after my 2L year.

If I do practice law after graduation it will likely be in the area od M&A or securities. If I do not practice law I will go to an I-Bank. Either way my plan is to save money, make contacts, and raise capital so I can start my own venture capital firm a few years downt the road...

Current Law Students / Re: Sage advice for soon to be 1L's
« on: May 13, 2005, 02:04:11 PM »
I agree that was great advice. Incoming students wouuld be wise to take your advice.

Current Law Students / Done with 1L!
« on: May 13, 2005, 02:01:31 PM »
Rising 2L's... Do you feel like you are a third of the way to being an attorney? Honestly I still feel like I do not know that much. I am a little scared about starting my job as a summer clerk in a few weeks, particularly since there will be very few other 1L's at the firm. Hopefully I am actually better prepared than I feel.

I do feel great about being done with my first year however! I have been celebrating for 2 days straight. I plan on going out once more tonight for some 3L graduation parties before getting started on my law review packet tomorrow.

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