Law School Discussion

Is this normal salary for law grads?

Is this normal salary for law grads?
« on: November 21, 2008, 07:35:01 PM »
http://newyork.craigslist.org/lgi/lgl/926210810.html

how can you afford to pay back over $100,000 in loans on that?

Re: Is this normal salary for law grads?
« Reply #1 on: November 21, 2008, 08:20:27 PM »
You can't.  That's why I'm always amazed by the vitriol unleashed when I tell people to go to top schools, get a HUGE scholarship elsewhere, or bust.

Re: Is this normal salary for law grads?
« Reply #2 on: November 21, 2008, 08:21:01 PM »
http://newyork.craigslist.org/lgi/lgl/926210810.html

how can you afford to pay back over $100,000 in loans on that?

I'm pretty sure the jobs that pay market DON'T advertise on craigslist

Re: Is this normal salary for law grads?
« Reply #3 on: November 21, 2008, 08:24:29 PM »
Actually, if you would have scrolled down one more posting, you would have seen:

LARGE CORPORATE LAW FIRM (V5) SEEKING:

Qualified, hard-working young associate.  Starting pay $160,000, with bonus (unless we're Cravath).  Will train.

Captain

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Re: Is this normal salary for law grads?
« Reply #4 on: November 21, 2008, 09:43:20 PM »
http://newyork.craigslist.org/lgi/lgl/926210810.html

how can you afford to pay back over $100,000 in loans on that?

On Long Island... yeah. That seems about right.

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Re: Is this normal salary for law grads?
« Reply #5 on: November 22, 2008, 08:50:27 AM »
http://newyork.craigslist.org/lgi/lgl/926210810.html

how can you afford to pay back over $100,000 in loans on that?

Many many many people are closer to 175k - 200k in loans. . .

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Re: Is this normal salary for law grads?
« Reply #6 on: November 22, 2008, 08:52:48 AM »
PRO TIP: Any firm advertising on Craigslist is likley not a place you want to work anyway

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Re: Is this normal salary for law grads?
« Reply #7 on: November 22, 2008, 08:56:27 AM »
FWIW: I got a job on craigslist as a paralegal making more than that.

But I concur with Matthies. Craiglist is not a place to be looking for legal jobs.

Re: Is this normal salary for law grads?
« Reply #8 on: November 22, 2008, 12:13:39 PM »
LOL cats - shove that $35K up their asses!

Re: Is this normal salary for law grads?
« Reply #9 on: November 24, 2008, 01:59:00 AM »
You can't.  That's why I'm always amazed by the vitriol unleashed when I tell people to go to top schools, get a HUGE scholarship elsewhere, or bust.

I think the problem with this advice is that you continuously give it to people who have other, non-Biglaw plans for the future (and have figured out a way to pay for these plans).  I agree with you in that I have very little sympathy for people who go to a lower-ranked LS, taking out enormous loans in the process, and believe they will get a high-paying job when they graduate based only on the notion that "lawyers make a lot of money."  Obviously such expectations reflect a failure to do basic research prior to beginning LS.

However, your one-size-fits-all approach doesn't apply to every poster here.  Students committed to working in public interest, for instance, might have gone to the school with the best LRAP program, and may well have reasonable expectations about what they will live on once their loan payments are made.  Others are fortunate to have family money (don't we all wish!).  Non-trads often pay out-of-pocket, and therefore don't incur debt the way younger students do. 

As long as students carefully plan to deal with their post-grad financial situation, why give them such a rough time?