hat'd be a good day for anybody, $500 a day is $180,000 a year, better than Cravath.
umm... Assuming you work 365 days a year and have no overhead or expenses. Also assuming that $500 represents only one days work.
Dude is probably lucky if he makes $40k
One thing that does NOT get repeated over and over (which this story brings up) is that the current bifurcation in the legal market is a recent development. A lot of people heading off to TTTs are getting their advice from people who graduated 20 years ago into a very different market.
These are off the top of the head numbers, but I believe them to be roughly accurate:
30 years ago, Biglaw paid under 40k, fed clerkships paid under 20k, and TTT firms paid around 30k.
Today, Biglaw pays 160+k, clerkships pay 60, and TTT firms pay 45k.
30 years ago, 20-40k in debt was the norm, now 100k+ is the norm.
Even with inflation, you can see a huge change in circumstances.