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Messages - cerealkiller

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Incoming 1Ls / Re: Transfers and Drop Outs
« on: August 28, 2012, 08:44:51 AM »
Good point.  I'm at a T4 school.  I think people who are presented the opportunity will transfer to higher-ranked schools.  I know of two top students in particular who transferred.  One went to Boston University; the other went to Hastings.

I'm currently top 15%.  I'm by no means bragging.  Being near the top of the class at a bottom-of-the-barrel school isn't something over which to pound one's chest.  But I would hate to drop in class rank because the mouthbreathers at the bottom couldn't hang.  Like it or not, however, this appears to be a strong possibility.

Incoming 1Ls / Transfers and Drop Outs
« on: August 28, 2012, 07:43:03 AM »
I'm trying to anticipate whether my class rank will move up or down after the dust has settled following the transfers and drops.  I know a good portion of the top students have transferred out following great 1L grades.  But I've also noticed that a number of folks have dropped out.  I presume those who dropped were at the bottom of the class.

So here's my question: do you think that more students transfer than drop after the first year or vice versa?   

Presumptuous much?

Are you really surprised by our collective lack of interest in editing your personal statement?

Law School Admissions / Re: Chances of admission
« on: June 19, 2012, 05:36:14 PM »
Law schools look primarily to each applicant's hard factors (i.e., gpa and lsat score) to make their first cut. After that, it's all about each applicant's background, personal statement, and other soft factors. If your grades and scores are what you say they are, and I have no reason to doubt your veracity, then you should have no problem getting into any school that you happen to choose. If you can maintain your gpa and translate those practice lsat scores into an equally brilliant "official" score, the ball is in your court, my friend.

The addition of solid soft factors help, of course. So if you could somehow manage to cure cancer this summer, you'd be all set for HYS.  ;) Best of luck in your decision.

Incoming 1Ls / Re: Solo Practice Advice
« on: June 18, 2012, 03:59:40 PM »
Thanks to Roald and GlenRPierre for your comments.

I'm not planning to start a jack-of-all-trades practice. I plan to add to my expertise in a specialized area of real estate law. I worked as a paralegal in this type of practice before attending law school. In fact, I did most of the work (preparing and filing the complaints, motions, etc.) and the attorneys just signed my work product and attended the rare hearing, if need be. I was personally billing well over $30,000 a month for the firm. I, of course, only received a small portion of that sum for my salary. To top it off, I only worked about 30-32 hours a week.

The business model is low-cost, high-volume. Most attorneys kind of fall into this practice rather than pursuing it while in law school. Thus, they tend to already have a cumbersome and expensive infrastructure and payrolls when they finally realize the fullness of the opportunity.  To compete with these established firms, I plan to keep my overhead bare bones, so I can undercut the pricing of every firm in the city doing this type of work. Also, clients already know that the paralegals at these firms do the lion's share of the work, but are still paying hourly "attorney" rates for the work done. Many are bitter, of course. So my pitch will be, "yeah, I'm a freshly-minted attorney, but who would rather have working your case, a new attorney or a paralegal? And besides that, my fees are 1/3 of what you're paying now to have a paralegal work your case."

I knew I wanted to attend law school before working at this firm, but decided to work as a paralegal first to sort of "kick the tires." What is so particularly appealing about this type of law is that it doesn't require a lot of office overhead or an enormous advertising budget to get clients in the door. Because most clients seldom come to the office to meet with attorneys (daily business is generally handled by phone or email), I can get by with a small office or even a virtual office space at first. And I expect the advertising costs will be next to nothing.

I've been researching law management software and I really like Rocketmatter--especially with the addition of the new document assembly function. And it's dirt cheap. I think it's about $60 per month.

I also tested Clio. I didn't like it quite as much as Rocketmatter. It seemed less user-friendly, but I'm not all that "tech" savvy either.

I think one of my largest monthly costs will be malpractice insurance. Does anyone know the ballpark cost of malpractice insurance for solos? I think it largely depends on practice area. From what I've found it can range from $600-$1,500 a month. 

Incoming 1Ls / Solo Practice Advice
« on: June 16, 2012, 12:11:54 AM »
Are there any attorneys who have real experience with the development and management of a solo/small firm and would like to share their experiences, common pitfalls, etc.?

If you're currently a law school student, no disrespect intended, but I'd prefer not to hear from you unless you can add more to the discussion than run-of-the-mill biglaw versus sh*tlaw comparisons.

Incoming 1Ls / Re: What was your undergraduate major?
« on: June 15, 2012, 11:40:53 PM »
B.S. in Asian Sexual Migratory Patterns. Who cares what any of us majored in? The vast majority of law school students come from liberal arts programs. Go figure.  ;)

Studying for the LSAT / Re: LSAT means nothing in the big picture
« on: June 15, 2012, 11:33:15 PM »
Thanks for your contribution, Captain Obvious.

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