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Messages - LittleRussianPrincess, Esq.

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41
Law Firms / Re: A question for people working in Biglaw...
« on: August 13, 2008, 12:43:24 PM »
yeah

42
Thanks guys so much for the help. I realize I could probably get into some of the schools you are talking about, but I am only interested in schools where I can get full rides. I know that the T14 are out for that reason. Any more suggestions for schools where I could get big scholarships?

I wouldn't count on the T14 being out. Apply and see what you get offered. You never know.

43
I would think Vandy and Emory would also be decent options.

44
Where should I go next fall? / Re: 50% of Law Student Grads
« on: August 13, 2008, 11:06:06 AM »
Interesting tidbit:

The mayor of LA never passed the bar....

He took it some 5 times or so though...

Correction: from the beloved wikipedia:

After UCLA, Villaraigosa attended the People's College of Law (PCL), a "community-run law school" in Los Angeles, which was neither A.B.A. accredited or State Bar approved.[7] Villaraigosa failed the California Bar Exam in each of four attempts, and thus remains unlicensed to practice law.[8]



Unsurprising, given that he went to PCL.

Wow -- unprovoked "prestige-whoring" from the russian princess!   ;)

Not prestige whoring. Isn't their Bar passage rate somewhere in the 10% range or something ridiculously low like that?

Surely dude was smart enough to go to a better school.

45
Law Firms / Re: A question for people working in Biglaw...
« on: August 13, 2008, 11:02:29 AM »
LRP, Esq.,

Those extra costs do sound "expected," but those costs don't sound that high.

I just don't understand how those making six figures (even in a large city) have to worry about money to the extent that their debt can't be paid off in 10 years after graduating law school.

Well, considering biglaw attrition rates, maybe I can understand a little more, but still.

It's the lifestyle costs and the basic costs of living in a big city. My rent alone is 4k/mo.

46
Where should I go next fall? / Re: 50% of Law Student Grads
« on: August 13, 2008, 09:27:00 AM »
Interesting tidbit:

The mayor of LA never passed the bar....

He took it some 5 times or so though...

Correction: from the beloved wikipedia:

After UCLA, Villaraigosa attended the People's College of Law (PCL), a "community-run law school" in Los Angeles, which was neither A.B.A. accredited or State Bar approved.[7] Villaraigosa failed the California Bar Exam in each of four attempts, and thus remains unlicensed to practice law.[8]



Unsurprising, given that he went to PCL.

47
Just out of curiosity, what kind of moron puts all of their eggs in one basket anyway? It's sad that law school graduates need to be told such things. It's patently obvious that if there are a limited number of jobs in the field now, that another practice area might be a better choice for the short term. However, if someone really wants to practice securities law, I am sure that they will find a way to break into the profession, regardless of how the market performs. If the market doesn't rebound in six months or sixty years, there will still be work... only less of it. Besides, don't failing markets precipitate securities lawsuits? How many class action lawsuits have been brought against a companies because their stock soared?

Sure, that's exactly what I am warning people about.

Regarding more securities work when the markets are bad, well, that's not necessarily true. As you know, most securities suits are on the basis of some form of fraud or misrep. Bad markets are just bad luck and not necessarily fraud by the company/BOD.

48
Law Firms / Re: A question for people working in Biglaw...
« on: August 13, 2008, 05:26:16 AM »
LRP, are you happy with your decision to go into biglaw?  I recall you went to Berkeley...are you happy with your decision, and with the amount of time you expect to take to pay off your school loans?

Honestly, given my loan burden it would have been difficult to do anything but Biglaw. I have a very tight relationship with a PI organization that I summered and externed with in Florida, and while I could have taken a job there, financially, it made more sense to do Biglaw, at least for a while.

IF I am smart about it, it shouldn't take more than five years, but Biglaw comes with the burden of having to dress and live the part, so I am spending more money on things I wouldn't have before.

Craven, your summer experience is not really indicative of what is expected of you and what is indeed the daily reality once you join. When I summered, between my fancy lunches, dog & pony shows from every practice group and various other activities, I did maybe 2 hours of billable work each day. Now I rarely leave the office before 8 pm.

What extra expenses do biglaw jobs require over a public interest/government/smaller firm job?

It's not really required, but there's a lot of pressure to wear designer labels. I held out for about the first six months just because I always felt I dressed neatly and professionally, but eventually, looking more shabby than the rest of your team gets old and you head into the designer boutiques just like everyone else. For me, it meant I had to get nicer sutis, nicer shoes, nicer bags.

I never felt this pressure when I worked in a public interest firm. In fact, as an extern and as a summer, I looked more put together than most of the lawyers, who tended to show up to work wearing jeans and tshirts.

Also, when most of the people you hang out with during the week become the people you work with, you end up spending more money on eating and drinking with them. I usually prefer to cook at home and keep it simple, but I probably spend anywhere from 100-200/week on eating out and drinking with my colleagues. Again, this isn't a necessity, and is certainly something you can control, but no matter how frugal you intend to be, this lifestyle becomes you.

49
Law Firms / Re: A question for people working in Biglaw...
« on: August 13, 2008, 05:19:05 AM »
LRP, are you happy with your decision to go into biglaw?  I recall you went to Berkeley...are you happy with your decision, and with the amount of time you expect to take to pay off your school loans?

Honestly, given my loan burden it would have been difficult to do anything but Biglaw. I have a very tight relationship with a PI organization that I summered and externed with in Florida, and while I could have taken a job there, financially, it made more sense to do Biglaw, at least for a while.

IF I am smart about it, it shouldn't take more than five years, but Biglaw comes with the burden of having to dress and live the part, so I am spending more money on things I wouldn't have before.

Craven, your summer experience is not really indicative of what is expected of you and what is indeed the daily reality once you join. When I summered, between my fancy lunches, dog & pony shows from every practice group and various other activities, I did maybe 2 hours of billable work each day. Now I rarely leave the office before 8 pm.

I summered at two V50 firms this summer, and 80% of the attorneys were bone by 6:30 every night. It really just depends on the market.

That is true, but you also have to keep in mind that summers are much slower for most firms and most practice groups than any other quarter.

50
Law Firms / Re: A question for people working in Biglaw...
« on: August 12, 2008, 01:25:41 PM »
No, not Florida. I work in London.

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