Law School Discussion

Salary Reality: Many Lawyers Don't Earn Big Bucks

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Re: Salary Reality: Many Lawyers Don't Earn Big Bucks
« Reply #50 on: August 27, 2007, 07:27:41 AM »
You know what? @#!* Law and @#!* law school.

I am not going to bust my balls for three years, be in debt 150K, and work in a system which is dissatisfying and stressful.

You really think making 150k is worth it? After taxes, loan repayments, living expense, etc, you will probably be saving only 20 to 30k. That is not f-ing worth it. My mom will soon make 100k a month through her life insurance business, so @#!* the idea of living a stressful life and making a net gain of f-ing 20 f-ing thousand f-ing dollars.I would rather have a family which I can raise properly and a wife who I will deeply love and care for.

That is all.

Wow.

Re: Salary Reality: Many Lawyers Don't Earn Big Bucks
« Reply #51 on: August 27, 2007, 08:47:19 AM »
Well, for me it seems worth it from this point of view. I habitually experience the following:

1. salaries below $20,000.oo per year, even after several promotions, large amounts of "you are really brilliant" feedback, supervising 4 or more people, etc.

2. employers who value stupidity (rote mindless behavior, assembly-line construction of non-thought processes) over intelligence, and hence (perhaps quite wisely) choose less bright competitors over me

3. idiot "certifications" ruling the day -- get a cert. in "word processing" and you get to be "official publicity word processor expert" in the publicity department, for another extra $500 a year; never mind that the person with that cert. is SO BAD AT word processing that he or she had to GO BE TAUGHT HOW TO DO IT IN A CLASS while I (and 99% of LSD's participants) could simply have "picked it up" without a cert.

4. a depressed salary market, in which young (often wealthy, supported by their parents) recent grads come in to positions such as mine to "do it for the love, not the money," such that my own NEED FOR A LIVING WAGE is considered "inappropriately money-grubbing" (example: I don't go in to the office on weekends, because I'm waiting tables IN ORDER TO PAY RENT, and later am considered "not dedicated" because I failed to volunteer office time on weekends)

Everybody wants to "break in" to publishing and journalism. "I want to BE A WRITER." Grr. It requires no back-training at all -- anyone who can concoct a decent poem MIGHT be a "great 'riter" some day. Law is different. You have to cross hurdles. They don't let in the wanna-be's until they've actually proved themselves.

Work is dull and stressful. Office work beats the hell out of ditch digging (I've done both) and maybe some of LSD's participants just don't know what it's going to be like IN ANY PROFESSION. There's a famous statement out there that the most common disappointment that well-educated people report, is that they regret having gone into law. This urban myth originally gave me pause, until I started to figure that most disappointed early-level lawyers probably have never had any OTHER work in an office other than summer jobs.

I can either continue my work in the writing-related fields, and have the following:
a. a mostly dull day in an office (beats the hell out of ditch digging!) at 60 hours a week
b. a large number of namby-pamby co-workers who pass along email jokes, think that photocopying a "Round Tu It" and giving it to me so I can now do the task because I "got around to it" is hilarious, can't name the Vice President, forgot whether we invaded Iraq or Iran, and want me to come to their church
c. regular breaks, regular paycheck, good benefits
d. no chance for promotion
e. competitors whose abilities are inferior but whose bodies are much more attractive than mine who beat me
f. an annual $20,000.oo salary AT MOST

Or I can get to work in law and have the following:
a. a mostly dull day in an office (beats the hell out of ditch digging!) at 60 hours a week
b. a (smaller?) number of namby-pamby co-workers who pass along email jokes, think that photocopying a "Round Tu It" and giving it to me so I can now do the task because I "got around to it" is hilarious, can't name the Vice President, forgot whether we invaded Iraq or Iran, and want me to come to their church
c. regular breaks, regular paycheck, good benefits
d. more chance for promotion
e. competitors whose abilities are inferior but whose bodies are much more attractive than mine who might lose to me
f. an annual $40,000.oo salary AT LEAST
 
You pick.


Are you a journalist?

Re: Salary Reality: Many Lawyers Don't Earn Big Bucks
« Reply #52 on: August 27, 2007, 03:32:56 PM »



Work is dull and stressful. Office work beats the hell out of ditch digging (I've done both) and maybe some of LSD's participants just don't know what it's going to be like IN ANY PROFESSION. There's a famous statement out there that the most common disappointment that well-educated people report, is that they regret having gone into law. This urban myth originally gave me pause, until I started to figure that most disappointed early-level lawyers probably have never had any OTHER work in an office other than summer jobs.




Final_ID = Genius.

Myth busted.

Anyone not sure about the wisdom of this should take the time to go to a construction site and discuss their dilemma with some of the folks working there. Be sure to duck right after you explain it all so you don't get hit with the hammer coming at you. But seriously, work sucks, you may as well get paid for it.

Re: Salary Reality: Many Lawyers Don't Earn Big Bucks
« Reply #53 on: August 27, 2007, 07:33:02 PM »
My post is meant to be taken in jest.

Sorry for the misunderstanding!  :D lol

cassise

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Re: Salary Reality: Many Lawyers Don't Earn Big Bucks
« Reply #54 on: August 27, 2007, 11:04:03 PM »
We are now way of topic on a thread that was origionally about how most lawyers dont earn a lot of money.

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Re: Salary Reality: Many Lawyers Don't Earn Big Bucks
« Reply #55 on: August 27, 2007, 11:05:00 PM »
When are we not off topic?

Re: Salary Reality: Many Lawyers Don't Earn Big Bucks
« Reply #56 on: August 28, 2007, 11:10:28 AM »
Penny, don't do what you want to do right now and start talking about Harry Potter  ;)

Re: Salary Reality: Many Lawyers Don't Earn Big Bucks
« Reply #57 on: August 30, 2007, 10:16:23 AM »
I don't know if this has already been discussed, but how reliable is the salary information in USN?  In the directory it lists the "Midrange of full-time private-sector salaries of 2005 grads".  For example, Santa Clara University lists $75,000-$125,000.  If these really represents the 25th and 75th percentiles (like it says), that is pretty good money.  I wouldn't be upset with a $75,000 salary out of law school. 

I don't know if people on here are all talking about the likelihood (or not) of making $125,000+ out of law school (big bucks?), but starting out at $75K isn't bad.  Especially compared to many of the scare stories posted on here. 

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Re: Salary Reality: Many Lawyers Don't Earn Big Bucks
« Reply #58 on: August 30, 2007, 12:13:22 PM »
That leaves $1,500 A MONTH to cover car, travel, new wardrobe, etc. If you can't make that happen in three months, you're just plain stupid at math and you don't deserve to be a lawyer. :P So you start paying against those debts (and their interest) almost immediately. Six months out, AT THE MOST.

I think you may be forgetting that those who want to live in a major city will have a 1200+ per month JUST for rent... if they are lucky. And that the monthly repayment of 180K could wind up to be over the left over amount of 1500 per month you predicted.

It is different for everyone. If you go in-state, 75K is pretty nice. If you go private in NYC with no grants, 75K is going to be pretty damn rough. 

Re: Salary Reality: Many Lawyers Don't Earn Big Bucks
« Reply #59 on: August 30, 2007, 01:00:04 PM »
True, but if you do end up working in a big city you could always live outside and take mass transit into the city.  If you really want to live in a big city, then either live really small or live in the suburbs until your debts are paid off.  New York have a rail system that connects all throughout New Jersey.  I even knew people who took the bus from Pennsylvania everyday.  Those kinds of places would be a LOT cheaper to live than right in the city.  SF has BART.  There are a lot of ways to make it work.