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Law school now $100,000 a yr., hehe
Poast new message in this thread
Date: January 15th, 2019 10:42 PM Author: talented know-it-all goal in life theater https://www.law.columbia.edu/admissions/graduate-legal-studies/tuition-fees-and-financial-aid
you willing to take this risk venkatesh? what if something happens. |
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Date: January 16th, 2019 1:14 PM Author: Ivory Range http://www.law.nyu.edu/financialaid/budgetandbudgeting/studentexpensebudget
https://www.law.uchicago.edu/financialaid/budget
https://hls.harvard.edu/dept/sfs/financial-aid-policy-overview/student-financial-aid-budget/ |
Date: January 15th, 2019 10:43 PM Author: autistic diverse trust fund ho lee fuck (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37599921) |
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Date: January 15th, 2019 10:44 PM Author: medicated sickened tank This also assumes 14k rent to go to school in MFH. (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37599925) |
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Date: January 15th, 2019 10:45 PM Author: talented know-it-all goal in life theater right, that's not realistic at all anymore. (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37599934) |
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Date: January 15th, 2019 10:50 PM Author: Insecure thirsty home karate Are 9 month leases even feasible? (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37599974) |
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Date: January 15th, 2019 10:52 PM Author: talented know-it-all goal in life theater probably because the 3 months it would be vacant would be the summer and that's easily rentable. but easier to just sublet during the 3 months. (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37599985) |
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Date: January 16th, 2019 2:11 AM Author: indigo slap-happy athletic conference pit Vast majority live in school owned apartments, which are very cheap so 14k for the year is about right. Most kids sublet out for the summer if they’re not in NYC. (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37600737) |
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Date: January 16th, 2019 11:06 AM Author: chrome parlor The Columbia Law School Projects (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37601938) |
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Date: January 15th, 2019 10:44 PM Author: Stirring Police Squad lol @ going to some shithole like columbia for law school (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37599927) |
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Date: January 15th, 2019 10:44 PM Author: Insecure thirsty home karate Tuition $67,532
Yikes. |
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Date: January 15th, 2019 10:46 PM Author: talented know-it-all goal in life theater another $4,000 in fees and books. (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37599944) |
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Date: January 15th, 2019 10:45 PM Author: Big Hissy Fit As a late-30s mo, I lol. As a parent, I do not. (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37599941) |
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Date: January 15th, 2019 10:46 PM Author: talented know-it-all goal in life theater what was your tuition all in when you graduated? (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37599945) |
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Date: January 15th, 2019 10:53 PM Author: Big Hissy Fit Not sure about all in. Just checked tuition and it was ~$36k for the year. (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37599986) |
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Date: January 15th, 2019 11:14 PM Author: talented know-it-all goal in life theater so most people your class year were probably graduating with 100-150K in debt unless their parents paid? (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37600105) |
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Date: January 15th, 2019 11:54 PM Author: Big Hissy Fit Yeah, that's about right. I think most people had some help from parents - at least it seemed that way. (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37600289) |
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Date: January 16th, 2019 8:18 AM Author: Beady-eyed Gay Wizard We must have graduated around the same time — I remember most people getting some parental help, but there were definitely a few of us who borrowed the full cost of atttendence. This was totally manageable especially when you factor in that the 2L summer basically paid tuition for year 3. (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37601257) |
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Date: January 16th, 2019 11:11 PM Author: talented know-it-all goal in life theater compared to 2L's now who can barely pay rent with summer salary. (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37605884) |
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Date: January 15th, 2019 10:59 PM Author: Mentally impaired den jew education $ystem fraud$ need to be burned to the ground in the next 10 years (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37600020) |
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Date: January 16th, 2019 1:28 PM Author: Kink-friendly narrow-minded electric furnace What’s your plan for your kid’s future ? (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37602843) |
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Date: January 16th, 2019 2:55 PM Author: Big Hissy Fit Soon to be 2.
We make a monthly deposit in a 529. Inlaws gave us a bunch of cash around time of birth that we have in a separate account, and my parents make a nice deposit in her 529 each Christmas for her future education expenses. Would hate to see this all wiped out for a $600K Rochester / Emory / ___ BA someday. Would love for the entire fraud system to be wiped out, but that seems highly unlikely to happen in 15 years. Hopefully she is self-motivated and gets into UCLA or Cal, I guess, and her degree costs $200K rather than 2-2.5x that. |
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Date: January 19th, 2019 9:43 AM Author: Misunderstood Ruby Factory Reset Button Stag Film we're at peak tuition
the worrying about this is overblown |
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Date: January 15th, 2019 10:47 PM Author: Bearded salmon mexican chad Doesn’t really matter if you have paye (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37599954) |
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Date: January 15th, 2019 10:49 PM Author: Laughsome brass stead boiling water this is insane, this is just fucking insane (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37599972) |
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Date: January 15th, 2019 10:50 PM Author: talented know-it-all goal in life theater (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37599973) |
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Date: January 15th, 2019 10:51 PM Author: maize hairraiser faggotry skinny woman (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37599978) |
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Date: January 16th, 2019 1:05 AM Author: Vivacious massive native ratface (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37600582) |
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Date: January 16th, 2019 5:49 PM Author: Rusted Place Of Business (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37604268) |
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Date: January 18th, 2019 3:33 PM Author: jet vibrant international law enforcement agency stain (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37616049) |
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Date: January 15th, 2019 11:05 PM Author: Supple parlour Biglaw wages up 28% in 10 years. Law school tuition up 60%. Perfectly sustainable. (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37600060) |
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Date: January 15th, 2019 11:12 PM Author: talented know-it-all goal in life theater one justifies the other I guess (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37600099) |
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Date: January 15th, 2019 11:40 PM Author: coiffed university old irish cottage Idiot logic.
Please learn about marginal costs and marginal profit before trying to make an economic utility argument.
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Date: January 16th, 2019 12:22 AM Author: Bronze sound barrier What are you trying to say? (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37600439) |
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Date: January 16th, 2019 12:59 AM Author: lavender corn cake windowlicker let's hear the argument you stupid fuck
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Date: January 16th, 2019 5:21 AM Author: coiffed university old irish cottage If you're too stupid to understand that a marginally higher increase in cost does not automatically translate to poor utility of an investment (especially when the marginal profit (raw) outpaces the marginal increase in cost) then you really are not worth it. (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37601000) |
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Date: January 18th, 2019 1:34 PM Author: lavender corn cake windowlicker if you're too stupid to realize your lame point doesn't apply in this situation you'll reply as you did (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37615289) |
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Date: January 19th, 2019 9:42 AM Author: coiffed university old irish cottage If you're too stupid to realize that marginal costs (for purposes of utility modeling) aren't expressed in terms of percentage terms, but rather in raw terms, then you'll reply as you did. (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37620044) |
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Date: January 16th, 2019 2:35 AM Author: mischievous abusive locus You and I have been through this before. I really tried to see your point but still don't follow it. Law school is an investment with sinking ROI. Maybe things get way better for new associates if they make it to like year 6 or 7, but the breakeven point to make it worth the cost of education has been kicked out a few years relative to when you started, and attrition rates have not changed. (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37600788) |
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Date: January 16th, 2019 5:27 AM Author: coiffed university old irish cottage You never discuss the expected utility (or IRR) of an investment (in this case law school) in terms of percentage of cost increase. That is like community college level thinking.
For example, mining and development companies don't consider whether to pursue a project in terms of the expected percentage increase in costs. They calculate expected profit (net of expenses/costs). In other words, they look at raw numbers and projections for revenue vs. cost to determine projected profits. There is not a single financial model of decision making where you ever consider percentage increase in costs and the retards who continue to flail about on xoxo is hilarious. You look at expected top-line numbers and whether the expected bottom-line numbers coincide with your IRR.
Based on the numbers, you break even (offset law school expenses) faster NOW, then you did a decade ago before the 60% increase in law school tuition. I broke down the numbers year-by-year in another thread, look it up. The current "break even" point, i.e., where you've made more after tax than law school total costs, is after year 3.
Based on the numbers, you make FAR MORE, beginning year 4, then you ever did, compared to any historically comparable period. If you want to do a COL/CPI/inflation adjustment, whatever that's fine, but you need to also do a inflation adjustment for every dollar you spend for law school and related expenses as well in that case to bring every dollar to a single consistent point in time - that's basic financial accounting which the retards here don't seem to get.
Based on the numbers, you will have earned $2 to $3 million dollars before taxes if you do 10 years in biglaw. This is astronomically higher than what you would have made if you started your career in 2000.
Law school is a far better investment (in terms of ROI) than it has ever been. |
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Date: January 16th, 2019 8:21 AM Author: Beady-eyed Gay Wizard “If you do 10 years in biglaw”
I’ve done about that many I can tell you this is far from a modal outcome even for a t6. Kind of odd to choose the most lucrative path possible to assess whether it’s “worth it” |
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Date: January 16th, 2019 8:25 AM Author: coiffed university old irish cottage How is this a model outcome?
If you graduated law school say 2012 and went to a market paying firm (not Reed Smeeth or Dorsey), you are on track to make at least $2 million by the end of year 10. The reason for the variation is b/c some firms pay special/summer bonuses and others don't, and some firms obviously pay a lot more than Cravath rate. It's really hard to get fired these days so unless you're a fuckup or you quit you're not getting canned before year 10 in today's biglaw.
If you want "model outcome," that would mean Wachtell/W&C etc. and partner at year 8 and making millions, or V10 and partner at year 8/9 and making millions. And yes, quite a few people make partner obviously. |
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Date: January 16th, 2019 8:34 AM Author: canary seedy private investor marketing idea How many people last ten years in biglaw? (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37601295) |
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Date: January 16th, 2019 8:35 AM Author: coiffed university old irish cottage How many senior associates, counsels and partners are there in biglaw? The answer, a LOT. Too many to count in fact. (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37601299) |
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Date: January 16th, 2019 9:35 AM Author: canary seedy private investor marketing idea Lol
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Date: January 16th, 2019 11:44 AM Author: Mauve Field Ladyboy your calculation of expected value should include the expected length of stay in biglaw - i.e. 4-5 years. (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37602146) |
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Date: January 16th, 2019 12:13 PM Author: Shivering puce business firm fanboi (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37602324) |
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Date: January 16th, 2019 9:19 PM Author: coiffed university old irish cottage That's completely wrong.
If you want to do a full EU calculation, you have to do an EU of every single possibility and determine what your modal outcomes are with their corresponding payoffs.
So you then need to also factor in the possibility of making partner at Wachtell in this case multiplied by the payoff, which you fail to do.
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Date: January 17th, 2019 2:52 AM Author: mind-boggling gas station Just do construct a probability density function to model all possible outcomes, P(x). And a weighting function that corresponds to those outcomes in $, g(x). Evaluate from 0 to 1 the integral of P*g. (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37606629) |
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Date: January 17th, 2019 3:16 AM Author: coiffed university old irish cottage Yeah this is pointless b/c how can you possibly place a value on the probability of leaving in 4 years vs. making partner at Wachtell. It depends so much on variables like whether you graduate top 10 at HYS or bottom 10 at George Washington and how much family money you have or your genetic predisposition, etc. (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37606684) |
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Date: January 16th, 2019 8:36 AM Author: Supple parlour You only make $2 mil if youre an equity partner. Thats like 3% of the cohort, bro. Good luck with that. (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37601301) |
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Date: January 16th, 2019 8:37 AM Author: coiffed university old irish cottage Why do you discount the vast number of non-equities and of counsel who are easily making between $500K and $1 million indefinitely? That's MD money at a BB and those guys routinely get laid off and have garbage lateral prospects compared to biglaw partners. (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37601305) |
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Date: January 16th, 2019 9:28 AM Author: Duck-like charismatic deer antler abode That’s not MD money and bankers have a much broader option set than lawyers (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37601431) |
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Date: January 16th, 2019 9:31 AM Author: shaky immigrant That's not MD banker money, what are you smoking? Those of counsel guys work brutal hours (forever) and make like 600k (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37601442) |
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Date: January 16th, 2019 10:46 AM Author: coiffed university old irish cottage Average biglaw hours are like 1900-2100.
Ljl how much do you think an MD at say JPM fixed income, or DCM or ECM made in an average year between 2010-2019?
The cream of the crop made a million or more sure, but most MDs arent balling. But if you want to compare cream to cream then you need to compare to the top equity at Boies and shit.
Also, much harder to make MD than partner with much worse iob security. |
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Date: January 16th, 2019 10:58 AM Author: Duck-like charismatic deer antler abode Industry coverage group associates at jpm make 500 as third year associates (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37601902) |
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Date: January 16th, 2019 10:59 AM Author: coiffed university old irish cottage Ljl OK. Maybe one dude in the best year ever. (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37601910) |
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Date: January 16th, 2019 11:05 AM Author: Duck-like charismatic deer antler abode Really dumb of you to be on here arguing lawyers make more than bankers. It’s common knowledge among lawyers (and everyone) that bankers make more. Attrition is higher, hours are worse, and there’s less job security, that’s fair. But biglawyers don’t make as much as bb bankers sorry. (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37601934) |
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Date: January 16th, 2019 11:08 AM Author: coiffed university old irish cottage People think banker = IB / M&A advisory. Yeah those guys make a lot more obviously.
But most bankers arent doing IPOs andM&A. They are barely getting by doing volume and commoditized DCM and corp fin / fixed income shit deals with low margins. Same deal goes for much of PWM, RE finance and the like. Those guys sometimes get zero bonuses and even Director / MD levels are under 1 million.
And I am not even considering research guys or s&t. Theres a huge gulf in banker pay, just like in biglaw. You want to compare the cream of BB, then compare with the top equity at Boies. |
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Date: January 16th, 2019 11:11 AM Author: Duck-like charismatic deer antler abode Dude that is what people mean when they say banker. Lawyer also means shitlaw insurance defense public defender but that’s not what we’re talking about right now (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37601949) |
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Date: January 16th, 2019 11:15 AM Author: coiffed university old irish cottage Biglaw is specific but obviously a lot of difference in pay depending on firm. Same goes for banks and desks, even within the same bank.
The real question is, what is the banking equivalent of an average biglaw non equity partner? I would say DCM banking Director/MD. |
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Date: January 16th, 2019 11:55 AM Author: Duck-like charismatic deer antler abode I'm in bschool now and everyone doing banking did industry coverage. One person who did off-cycle recruiting went into lev fin for real estate but that's it.
I'd say the comparable path to law school -> biglaw is bschool-> industry coverage group at a BB (or elite boutique which usually compensate better than BB) |
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Date: January 16th, 2019 10:53 AM Author: aromatic idea he suggested site Unless you're at a V5/V10 or something similar, your average counsel / of counsel is probably making closer to 300k tops. (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37601888) |
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Date: January 16th, 2019 11:00 AM Author: coiffed university old irish cottage Market paying firms pay their counsels what senior associates are making, sometimes more sometimes less. At a V10 its north of 500k all-in. I
And hey if you want to compare Reed Smith to a BB then tell me how much an MD at First National is making ljl. |
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Date: January 16th, 2019 2:44 PM Author: Supple parlour TCR. (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37603309) |
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Date: January 16th, 2019 9:01 AM Author: Cerebral infuriating bawdyhouse lol at you swaggering in here and shitting on other people's intelligence - and then exposing yourself as a fraud who's never seen the term "modal outcome" before ljl! (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37601369) |
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Date: January 16th, 2019 11:21 AM Author: coiffed university old irish cottage I posted this shit on my ihpone give me a fucking break. (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37601993) |
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Date: January 16th, 2019 11:22 AM Author: Cerebral infuriating bawdyhouse lol you're done here (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37602000) |
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Date: January 16th, 2019 11:26 AM Author: coiffed university old irish cottage I have yet to reach my prime. (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37602022) |
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Date: January 16th, 2019 1:31 PM Author: High-end organic girlfriend (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37602861) |
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Date: January 16th, 2019 6:31 PM Author: Beady-eyed Gay Wizard Lol he completely does not understand the difference between “model outcome” and “modal outcome” (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37604386) |
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Date: January 18th, 2019 3:38 PM Author: jet vibrant international law enforcement agency stain (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37616068) |
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Date: January 18th, 2019 3:44 PM Author: sooty histrionic kitty cat associate he's literally ESL (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37616094) |
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Date: January 19th, 2019 4:34 AM Author: coiffed university old irish cottage The use of modal outcomes in the context of the discussion made no fucking sense so I read it as model outcome.
I was posting break even points and profitability thresholds. Dude said said "I can tell you this is far from a modal outcome even for a t6." Discussing that break even point occurs at year 2 has nothing to do with modality. |
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Date: January 19th, 2019 4:42 AM Author: Metal Flirting Lodge It makes perfect sense and you have no idea what you’re talking about Also, your hilarious misuse of finance terms like IRR is nonsensical and shows that you have no clue whatsoever what those terms mean; maybe you heard someone use this jargon at a meeting but that’s it You are completely done here |
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Date: January 19th, 2019 4:48 AM Author: coiffed university old irish cottage No, it makes perfect sense that YOU have no idea what you're talking about.
"bbbbut he used finance terms!"
Yeah no shit. People are making some kind of expected utility argument but are too damn lazy to actually come up with any numbers or any proper analysis of any of the modal outcomes. Retards like you use shoddy modeling to assume, erroneously, that leaving biglaw before year 4 is the most likely outcome without proving your work, and even if it was, an analysis based on expected utility would require that you also factor the probability that you make partner at Wachtell, which of course you ignorantly forget to do.
I recognize the limitations of an expected utility argument so I have been using an expected cashflow model to determine the value of "investing" in law school. The results are of course, incredibly in favor of law school being a terrific investment, not only in terms of IRR (profability measure of an investment) but also in terms of future cash flows.
Responding to an argument based on cashflows and IRR with arguments about modality and EU is completely nonsensical because the very premises underlying the financial analysis are different, and shows that people frankly do not understand what a future cashflow/IRR analysis dictates.
If you can't keep up with basic financial concepts, GTFO out of this thread. |
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Date: January 19th, 2019 4:59 AM Author: Metal Flirting Lodge Stop digging. You have literally no clue what you’re talking about. You’re some polisci retard trying to bluff with concepts you have no idea about. Take it from me, you are making a complete ass of yourself here. Leave this thread, and leave discussion of finance concepts to the grown ups, you are doing yourself no favors at all by trying to bluff your way through this. I’m embarrassed for you. (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37619646) |
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Date: January 19th, 2019 5:00 AM Author: coiffed university old irish cottage LJL at this 100 IQ quotemo hasn't replied with anything substantive in all of his posts in this thread. Admit you're wrong, and go fuck yourself. (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37619648) |
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Date: January 19th, 2019 5:03 AM Author: Metal Flirting Lodge You’re a fool, and you no doubt make a fool of yourself regularly in public. And like a true fool, you don’t even realize it. Too bad for you. I recall somebody here calling you a “Dunning-Kruger oaf” and I see now what a perfect description of you that was. But by all means, keep making a fool of yourself, and keep doing it in public, carry on! |
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Date: January 19th, 2019 5:04 AM Author: violet odious spot selfie Please respond to my post. Ad hominems aren't helping your case boss. (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37619655) |
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Date: January 19th, 2019 5:06 AM Author: coiffed university old irish cottage OK so you admit you have nothing of substance to offer, a typical xoxo shitpoaster. You're done here. Leave this thread for the grownups, thanks. (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37619661) |
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Date: January 19th, 2019 5:09 AM Author: Metal Flirting Lodge You’re pitiful and you should leave this thread to adults who actually have some information and knowledge. Warning to all other readers: this poster is a complete bluffer and bullshit artist (as already clearly identified by nutella ITT) and you take this little work seriously at your peril. Ignore. |
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Date: January 19th, 2019 5:12 AM Author: violet odious spot selfie You seem upset. Relax a bit.
And everyone knows Nutella is full of shit. |
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Date: January 19th, 2019 5:34 AM Author: Metal Flirting Lodge Actually I was a bit bemused at how upset and angry devryretard is in this whole thread: he’s calling nutella a “whore” for telling him he’s wrong (lots of other people are too) Sorry to tell you but this bluffer is utterly full of shit EDIT I see he deleted where he called her a “dumb whore” in his post of maybe 1/2 an hour ago, but I saw it - very unedifying behavior, pitiful stuff
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Date: January 19th, 2019 5:50 AM Author: coiffed university old irish cottage Don’t call people whores but retard is OK!
I like how you portray yourself as some “slightly bemused” poster but you’re following me around like some obsessed weirdo. This place sometimes lol. |
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Date: January 19th, 2019 5:55 AM Author: Metal Flirting Lodge You did, I saw you before you edited, you’re a shameless liar Which fits with your whole fantasy role play acting as a lawyer in this thread and others LOL Anyways, to othet posters: ignore this complete bullshitter |
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Date: January 19th, 2019 5:56 AM Author: coiffed university old irish cottage No, I am calling YOU a whore. Yes, you quotemo, are a fucking whore. A whore, a cheat and a liar. I feel bad for your mom having such a whorish child.
The 180 thing is it seems you think Nutella is some 180 credible poaster. Clear sign of being 12 and joining this board recently. Those of us who have been on xoxo since pre-ITE know shes as full of shit as everyone else. |
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Date: January 19th, 2019 6:02 AM Author: Metal Flirting Lodge No, you called nutella a “dumb whore” for disagreeing with you, and then you edited it out And now you’re lying about it Time to go clean up some more tables, liar! |
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Date: January 19th, 2019 6:05 AM Author: coiffed university old irish cottage No, I was clearly calling you a whore. And a retard.
And Nutella is also a retard who doesnt read the news but triumpgantly poasts shit she is wrong about 99% of the time. |
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Date: January 19th, 2019 5:20 AM Author: coiffed university old irish cottage HA I finally got it - you must be one of those retards that paid sticker for George Washington, washed out of Pillsbury after 2 years and is stuck paying off $$$$ loans from a midlaw salary. No wonder you're acting like a girl. (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37619671) |
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Date: January 19th, 2019 5:37 AM Author: Metal Flirting Lodge see now you just seem completely unhinged and completely caught up in your own little fantasies you are welcome to imagine whatever little fantasies help you through the night, as a good little 107IQ bot with delusions and fantasies about your place in society you will no doubt do that, but you have made an ass of yourself in this whole thread and there is no coming back from that Really embarrassed for you still |
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Date: January 19th, 2019 5:48 AM Author: coiffed university old irish cottage What on Earth are you rambling about now lol, talking about society and shit ljl. You’re done. (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37619682) |
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Date: January 19th, 2019 5:52 AM Author: Metal Flirting Lodge LMAO you’ve been done all thread rambling and bluffing about things you don’t understand Let me guess, you’re a busboy at a Korean restaurant near some law school and you’re role playing on this board LOL |
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Date: January 19th, 2019 5:54 AM Author: coiffed university old irish cottage Ah ha now the pivot to racism when you run dry on ammo and know you’ve been outclassed.
And speaking of role playing that’s rich coming from a quotemo. |
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Date: January 19th, 2019 6:01 AM Author: Metal Flirting Lodge Ah pulling the race card to try to deflect from being caught lying, bluffing, and calling nutella a dumb whore (and then lying about that), classy guy! face it you’re done here, go clear up table 8, some law students want to be seated and maybe you can learn some new words by listening to their conversation You’re done here, retard |
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Date: January 19th, 2019 6:01 AM Author: coiffed university old irish cottage Doubling down on the racism! Lol!
Btw havent you noticed by now, that saying “youre done” isnt exactly working out as youd hoped? Lol! |
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Date: January 19th, 2019 6:03 AM Author: Metal Flirting Lodge LOL at the lack of shame, can’t stop lying! Go clean some tables! (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37619701) |
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Date: January 19th, 2019 6:04 AM Author: coiffed university old irish cottage I just had breakfast and do clean up after myself, thanks! (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37619704) |
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Date: January 19th, 2019 6:05 AM Author: Metal Flirting Lodge Clean up on table 8! You’re done here |
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Date: January 19th, 2019 6:07 AM Author: coiffed university old irish cottage Lol you sound like a natural! You seem ibsessed with me and Korean restaurants. Do you work in one? Best of luck in that restaurant biz. (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37619710) |
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Date: January 19th, 2019 5:02 AM Author: violet odious spot selfie What exactly did the guy say that was wrong? (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37619651) |
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Date: January 19th, 2019 5:07 AM Author: Metal Flirting Lodge Track back to his confusion of “modal” with “model”, which showed us all that he’s a big know-nothing bluffer and bullshit artist, and then watch him trying to rescue thingw by trying to use jargon that half the board understands very well but he is clearly completely at sea with It’s just embarrassing to watch, really pitiful |
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Date: January 19th, 2019 5:08 AM Author: violet odious spot selfie I'm still waiting for you to pinpoint exactly what is wrong with what he said. You are looking very bad here.
Anyone could have misread model for modal outcomes. Latching onto that one point and ignoring everything else is pretty damn short-sighted. |
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Date: January 17th, 2019 3:53 AM Author: effete center mental disorder (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37606754) |
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Date: January 18th, 2019 3:36 PM Author: jet vibrant international law enforcement agency stain (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37616061) |
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Date: January 18th, 2019 3:45 PM Author: sooty histrionic kitty cat associate (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37616097) |
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Date: January 16th, 2019 9:57 AM Author: Multi-colored sexy kitchen “That’s community college thinking!”
(guy who doesn’t understand the difference between model and modal) |
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Date: January 16th, 2019 9:59 AM Author: Cerebral infuriating bawdyhouse (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37601598) |
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Date: January 16th, 2019 6:32 PM Author: Beady-eyed Gay Wizard I said “modal” not “model”. Lolz. (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37604387) |
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Date: January 16th, 2019 9:22 PM Author: coiffed university old irish cottage Then your poast makes no sense.
I was posting break even points and profitability thresholds. You said "I can tell you this is far from a modal outcome even for a t6."
Discussing that break even point occurs at year 2 has nothing to do with modality.
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Date: January 16th, 2019 9:34 AM Author: mischievous abusive locus In our last discussion I effectively adjusted debt for inflation by only counting the principal without accrued interest. I have been more than charitable to you on this discussion, and you’ve insulted me within the first two sentences of every one of your responses instead of thinking - even once - whether you might be missing something (e.g., the point I just made about inflation). It is clear that the idea that you are somehow mentally tougher than the current generation of big firm lawyers, and the idea that Big Law was “worth it”, are both important parts of your identity. (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37601456) |
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Date: January 16th, 2019 10:49 AM Author: coiffed university old irish cottage No you never actually presented a year by year analysis hence your break even point is completely wrong. Show your work like I did. And where did I insult you? I am calling this board retarded. (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37601865) |
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Date: January 16th, 2019 12:23 PM Author: Shivering puce business firm fanboi Jfc this is magical thinking that requires a whole bunch of mere possibilities to come out right. And you’ve couched it in a way that will convince tards. (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37602391) |
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Date: January 16th, 2019 6:21 PM Author: lascivious chocolate juggernaut The amount of assumptions required for his argued outcome is astounding (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37604348) |
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Date: January 16th, 2019 9:23 PM Author: coiffed university old irish cottage Yeah, magical assumptions that you go into biglaw and stay there for 10 years...so hard that there are literally thousands of biglaw associates who do this every year. (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37605348) |
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Date: January 16th, 2019 1:26 PM Author: High-end organic girlfriend (Boomer diversity officer justifying hired 3 more latinx negroids because his "not-for-profit" organization deserves to extract as much wealth as possible out of each successive generation of professionals) (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37602827) |
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Date: January 16th, 2019 6:20 PM Author: lascivious chocolate juggernaut Do you work in a LS admissions office? (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37604344) |
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Date: January 15th, 2019 11:47 PM Author: Kink-friendly narrow-minded electric furnace All other major COL expenses up significantly too (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37600264) |
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Date: January 16th, 2019 5:31 AM Author: coiffed university old irish cottage LJL what a dinky argument. This is only significant in maybe San Francisco, Bay Area.
Rents in most of the T14, such as Michigan, UVA, Duke, etc., have remained relatively stable. Even in places like Columbia and NYU, unless you are living in a brand new luxury skyrise, have risen maybe by 10-20% in the past decade.
From what I recall, a studio at a high-rise or a 1BR in a walk-up in Manhattan ran you between $2,000 and $3,400 pre-ITE. Guess what? That's basically what it still costs now. The increase in rents is primarily driven by increase in luxury home prices. I'm not even discussing the point that most law students have roommates and few people are even paying much in rent to begin with.
And don't tell me the prices of Chipotle burritos or your local laundromat have gone up oh so much! In a lot of ways prices have actually gone down. Depends on the year, but gas prices are lower now than they were during periods of the 2000s, etc. |
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Date: January 15th, 2019 11:06 PM Author: cyan adventurous shrine For students borrowing federal student loans, the average educational loan fees for borrowers at Columbia Law School will automatically be added to the cost of attendance at the time of loan certification. Based upon an assessment of Law School borrowing during the 2017-18 academic year, the average educational loan fees amount to $2,387 ($217 for Stafford loans and $2,170 for Graduate PLUS loans).
L'chaim! |
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Date: January 15th, 2019 11:24 PM Author: Mentally impaired den jew borrowing another 2400 just for the privilege of being loaned money at a 6-8% interest rate lol ho lee fuk |
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Date: January 16th, 2019 12:08 AM Author: Cracking cuck sanctuary Loans fees cost more than Boomers entire tuition (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37600358) |
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Date: January 18th, 2019 3:45 PM Author: appetizing sapphire lettuce (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37616096) |
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Date: January 15th, 2019 11:13 PM Author: aromatic idea he suggested site Jfc (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37600100) |
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Date: January 15th, 2019 11:16 PM Author: glittery snowy address And Columbia accepts 158 LSAT scores nowadays. The 158 LSAT student will graduate with $300k in debt and no biglaw (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37600114) |
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Date: January 15th, 2019 11:17 PM Author: talented know-it-all goal in life theater link? (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37600118) |
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Date: January 15th, 2019 11:19 PM Author: Turquoise Philosopher-king Pozpig The 158 LSAT student will be a person of color who gets multiple V10 offers (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37600126) |
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Date: January 15th, 2019 11:20 PM Author: talented know-it-all goal in life theater maybe but lets not pretend they will last more than a year or two in big law (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37600134) |
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Date: January 15th, 2019 11:21 PM Author: mahogany plaza And then they get an AA in house job. (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37600143) |
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Date: January 15th, 2019 11:23 PM Author: Supple parlour Where they also get shitcanned in two years. I’ve seen this happen a lot. (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37600159) |
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Date: January 15th, 2019 11:25 PM Author: talented know-it-all goal in life theater cr
this is basically what happens over and over again and companies/big law firms scratch their heads wondering why their diversity numbers haven't improved.
"diversity" has been discussed for 20+ years in companies/law firms, yet the numbers have barely budged. |
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Date: January 16th, 2019 12:18 AM Author: light area evolution takes longer than 20 years (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37600413) |
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Date: January 16th, 2019 1:29 PM Author: sooty histrionic kitty cat associate saw someone on reddit get accepted with a 158 3.2 or something (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37602846) |
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Date: January 15th, 2019 11:42 PM Author: Fishy provocative stage new version 18000000000000000 pay up (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37600238) |
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Date: January 15th, 2019 11:42 PM Author: Peach alcoholic market persian but it's an investment in *yourself* (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37600242) |
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Date: January 15th, 2019 11:45 PM Author: Vermilion wonderful roommate Imagine the doors this JD will open (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37600251) |
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Date: January 15th, 2019 11:46 PM Author: Peach alcoholic market persian "I've never met a poor lawyer!" - every Boomer (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37600258) |
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Date: January 16th, 2019 12:14 AM Author: Azure senate masturbator I love when boomers say that.
Yeah, that's because the bartenders don't tell you they were once lawyers. |
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Date: January 16th, 2019 12:18 AM Author: light area lol (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37600416) |
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Date: January 16th, 2019 12:48 AM Author: Vermilion wonderful roommate (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37600544) |
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Date: January 16th, 2019 11:11 AM Author: honey-headed concupiscible state (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37601954) |
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Date: January 16th, 2019 1:47 PM Author: appetizing sapphire lettuce (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37602995) |
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Date: January 15th, 2019 11:48 PM Author: greedy mustard principal's office pocket flask It's a very versatile degree! (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37600265) |
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Date: January 16th, 2019 12:58 AM Author: Big Hissy Fit Heard this from my boomer dad a bunch. He was well meaning, no doubt, but he had no clue how much the world had changed between 1970 and 2010. (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37600572) |
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Date: January 16th, 2019 12:24 AM Author: Bronze sound barrier Good debt. (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37600444) |
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Date: January 16th, 2019 12:06 AM Author: Azure senate masturbator LJL (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37600348) |
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Date: January 16th, 2019 12:11 AM Author: Turquoise Philosopher-king Pozpig The preposterous 70k tuition and opportunity cost are worth considering, but it's silly to add in living cost. You'd be paying that anyway. (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37600375) |
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Date: January 16th, 2019 12:12 AM Author: Clear Exhilarant Church Building Coffee Pot ljl how teh fuk do they go from 30k to 67k whatever in 15 years or so when u had greatest recession since great depression... thats 5% increase per year lol (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37600380) |
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Date: January 16th, 2019 7:37 AM Author: Very tactful abnormal theatre Columbia law raised tuition by about ten grand in a single year when the recession hit because the endowment to a serious hit. LMAO. (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37601176) |
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Date: January 16th, 2019 12:13 AM Author: Azure senate masturbator *takes out $300,000 in student loans to go to law school* *accrues interest* *gets miserable biglaw job* *aggressively pays loans while saving very little* *is back at $0 net worth after 3 years of bullshit school and 5 years of suicidal-thought inducing work.*
"Hey guys, 5th year V10 associate here. I can't just can't bear the thought of another day of work. I'm in my mid 30s and spend 60 hours per week working so I don't have a girlfriend or any real friends. I hate the work. I finally paid off my student loans but don't have any real savings because of them. I'm finally ready to ditch law and start my life. What should I do to change careers and start fresh?"
"Become a programmer! You can learn online. Just start here: https://online.illinois.edu/student-services/online-degrees-and-certificates-program-costs" |
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Date: January 16th, 2019 12:15 AM Author: Cracking cuck sanctuary (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37600403) |
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Date: January 16th, 2019 12:25 AM Author: mahogany plaza (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37600450) |
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Date: January 16th, 2019 4:02 AM Author: Sadistic brunch mood (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37600930) |
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Date: January 16th, 2019 9:08 AM Author: razzle self-centered casino *guillotines self face-up* (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37601387) |
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Date: January 16th, 2019 11:27 AM Author: mischievous abusive locus devry please respond, thank (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37602026) |
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Date: January 16th, 2019 11:45 AM Author: Adulterous piazza Absolutely devastating (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37602160) |
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Date: January 16th, 2019 2:27 PM Author: White stock car hell (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37603220) |
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Date: January 19th, 2019 9:45 AM Author: coiffed university old irish cottage It's actually 3 years. The 5 year figure is for classes pre-2014 or so. (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37620057) |
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Date: January 16th, 2019 12:15 AM Author: light area one of the world’s leading centers of legal scholarship.
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Date: January 16th, 2019 12:18 AM Author: Azure senate masturbator Well, Xo 2019 has been rough so far, but yeah, that's still a fair assessment of us. (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37600415) |
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Date: January 16th, 2019 12:18 AM Author: light area (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37600419) |
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Date: January 16th, 2019 12:17 AM Author: Jade Bipolar Property $cholar$hip i$ pricele$$ (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37600410) |
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Date: January 16th, 2019 12:23 AM Author: Turquoise Philosopher-king Pozpig How much should a school that gets you the following salary progression cost?
Base Salary 1st year: $190,000 2nd year: $200,000 3rd year: $220,000 4th year: $255,000 5th year: $280,000 6th year: $305,000 7th year: $325,000 8th year: $340,000
Bonus 1st year: $15,000 2nd year: $25,000 3rd year: $50,000 4th year: $65,000 5th year: $80,000 6th year: $90,000 7th year: $100,000 8th year: $100,000 |
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Date: January 16th, 2019 12:24 AM Author: Clear Exhilarant Church Building Coffee Pot all education in the US shld be fuking free or almost free like it is in most rich nations.. fuk u mentally retarded birdshits (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37600445) |
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Date: January 16th, 2019 12:27 AM Author: mahogany plaza Now include percentage who remain after each year. (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37600455) |
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Date: January 16th, 2019 4:03 AM Author: Sadistic brunch mood Ah finally the GenX bootlicker shows up (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37600932) |
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Date: January 16th, 2019 7:15 AM Author: Azure senate masturbator (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37601145) |
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Date: January 16th, 2019 7:16 AM Author: Azure senate masturbator You know, there was a time when school was supposed to be a tool for upward socioeconomic mobility -- not just a place to trade debt for comparable income. (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37601146) |
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Date: January 16th, 2019 8:26 AM Author: Beady-eyed Gay Wizard From a t6 your odds of making it to the 8th year are like 10% at best, assuming you get biglaw in the first place. (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37601275) |
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Date: January 16th, 2019 8:30 AM Author: coiffed university old irish cottage Lol you disingenuous idiot. If you're from a T6 your odds of getting biglaw are like 99%.
If you actually plan to stick around and aren't a fuckup, you are 100% making it to year 8 and beyond.
That 10% number is completely made up. When I check my V5, almost everyone I used to work with are all still there...surprise!
The reason why people leave biglaw? B/c there are so many fucking opportunities and inhouse is hiring and paying like crazy. Surprise! |
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Date: January 16th, 2019 8:32 AM Author: Bearded salmon mexican chad Everyone is still at the same v5 or in biglaw generally? If the former, how was wachtell? (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37601289) |
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Date: January 16th, 2019 8:35 AM Author: coiffed university old irish cottage At my V5, the associates I used to work with (post-ITE grads) that were below me are literally all still there, 100% of them.
The guys my year and above either made partner there, or lateralled elsewhere and are all partners at other biglaw firms, or landed GC/AGC jobs at major corps.
ITE obviously had an impact. |
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Date: January 16th, 2019 8:45 AM Author: Bearded salmon mexican chad Yup just a very chill biglaw firm with no attrition. Totally normal (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37601336) |
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Date: January 16th, 2019 10:52 AM Author: coiffed university old irish cottage V5 associates are generally staying put longer than ever because the pay is so damn good these days. (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37601879) |
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Date: January 16th, 2019 11:17 AM Author: Hairless Nowag Lol you are so full of shit.
I’m class of 2007 and there is one person from my law school class who is a partner at cravath and no other v20 partners. Maybe 10% left in any sort of biglaw after 11 years, which includes shit firms like Morgan Lewis or whatever.
From my v10 summer class of 50, 3 were left last I checked. None are equity partners. I think 1 may make it. |
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Date: January 16th, 2019 11:26 AM Author: coiffed university old irish cottage -"no other v20 partners" what an interesting cutoff... -Ljl at you auditing your law school classmates to see where they are...talk about being full of shit -I lost count of the number of my classmates who made biglaw partner and we graduated around the same time frame -of your v10 summer class of 50, how many are partners at other firms?
Again, speaking from my own V5 experience, every single associate in my group who I worked with is still there and I left like 5 years ago. I hear one is lateralling soon into a Counsel position at a lower ranked firm.
Literally everyone in my group who were above me and left, is either AGC/GC at bigcorp, or partner at a biglaw firm.
I don't see why any of this is surprising to you. Maybe b/c you left for inhouse so early. Things have changed a lot in biglaw retention in the past 5 years. There's a massive shortage of bodies at the senior levels, especially with inhouse hiring booming...why do you think bonuses are so fing high...get a clue. |
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Date: January 16th, 2019 11:48 AM Author: Adulterous piazza Tl;dr: a shrill, pretentious NOWAG manlet starts every sentence with “At my V5,” (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37602184) |
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Date: January 16th, 2019 6:34 PM Author: Bateful Scarlet Shitlib Ceo I'm T6 and a few years younger than nutella. Her numbers look right to me, including the 20% in their parent's basement, lol. I'd say about 25%-30% of my class doesn't even practice anymore. Some of that is from housewives, but a lot is from people burning out and leaving the profession for jobs where their law degree doesn't even help.
Are you in a V5 satellite office? I could see that being a pretty stable setting with low attrition. |
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Date: January 16th, 2019 1:12 PM Author: Hairless Nowag I had my 10 year reunion and we had a life update book where like 80% of the people responded. The ones who didn’t respond are living in the basement at mom’s house, not biglaw partners. Since it’s only 170 per class and people keep in touch generally, I do know what’s going on for the most part.
I didn’t limit to v20 at all, I said about 10% left in biglaw at all. Pretty sure most of them who are “partners” are income not equity, which is a meaningful difference. Nobody makes equity anymore. I’m assuming you were at Skadden if I’m going to even remotely entertain that people in your class made partner at a v5. Either your entering class of people are the most talented in the history of big law or you’re full of shit.
I mention v20 though since you’re the one assuming it’s easy to stay long term in v20 where you’re really going to get the full benefit of lockstep salary increases and bonuses. It’s laughable to assume that even HYS grads can last a long time at a v20 without burning out.
It’s also convenient that you mention people who were juniors post ITE in 2012 and 2013 are still there. They are just getting to the point where they are going to start leaving en masse and they’re not all getting plum in house jobs.
Keep cherry picking and making assumptions of best possible outcome to justify $300k (not counting interest) as some sort of great investment. |
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Date: January 16th, 2019 9:27 PM Author: coiffed university old irish cottage Law school is a teriffic choice right now, hence the spike in law school applications, duh.
Law school was a terrible choice immediately during and after ITE.
You whining about cherry picking is hilarious given that cherry picking this particular point in history is key b/c we are talking about historically high law school tuition rates.
You BREAK EVEN after tax after year 3. After year 3, every dollar you make is profit. I don't think you realize how much biglaw associates make these days. You can easily pay off your loans and have several hundred K in the bank saved up after 8 years in biglaw.
I will agree that it's not so good if you go to George Washington -> Dechert. But from TT6 -> V30 you're going to be good to go.
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Date: January 18th, 2019 1:45 PM Author: Hairless Nowag Spike in law school applications? It has been well publicized that applications are down dramatically across the board, even at elite schools, lsat medians are coming down, because people are finally catching onto the scam.
Let me remind you that biglaw is at the whim of the market and it’s completely unclear what 2019, 2020 etc will bring. Wouldn’t be surprised with a lot less m&a, ipos, cap markets activity, which is really the main driver of revenue. Bankruptcy and distressed work and more securities lit as stock prices fall do not bring in as much money. You’re operating on the assumption that bonuses will remain high and that is completely unknown. What is known, however, is that law schools will continue to raise tuitions year after tear, even if ITE 2 happens. |
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Date: January 19th, 2019 4:32 AM Author: coiffed university old irish cottage Are you literally fucking retarded? Has inhouse really melted your brain that much?
Read the fucking news before babbling on about shit you clearly haven't been paying attention to.
https://www.law.com/2018/07/30/number-of-law-school-applicants-surges-especially-among-high-scorers/ |
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Date: January 19th, 2019 5:14 AM Author: violet odious spot selfie I see Nutella is still at it. Why are you still here? (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37619669) |
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Date: January 16th, 2019 8:31 AM Author: coiffed university old irish cottage You're not even factoring in special or summer bonuses which have been substantial.
Or the unparalleled job security and lateral options of the past several years. It's an absolute buyers market for biglawyers right now. |
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Date: January 16th, 2019 9:35 AM Author: shaky immigrant Tricking stupid, confused college students who "like to argue" and "like the flexibility of a law degree" into GC slavery is one of the most dubious parts of GC
All of those salaries are EARNED based on RIDICULOUS hours. The law school literally contributes NOTHING. Why should those rent seeking motherfuckers be given a nickel? Law school should be 1 year and cost no more than trucking school. |
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Date: January 16th, 2019 11:32 AM Author: mischievous abusive locus (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37602063) |
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Date: January 16th, 2019 1:44 PM Author: High-end organic girlfriend (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37602976) |
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Date: January 16th, 2019 2:12 PM Author: Mentally impaired den jew (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37603128) |
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Date: January 16th, 2019 6:15 PM Author: Bateful Scarlet Shitlib Ceo titcr. A nice little skim these fucking schools have going on. (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37604331) |
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Date: January 19th, 2019 2:30 AM Author: lavender corn cake windowlicker add in focusing solely on the best outcome as if it's a sure thing. you also need to look at how much worse the other outcomes are. $200k in debt is quite a bit worse than $100k in debt 10 years ago |
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Date: January 19th, 2019 9:44 AM Author: coiffed university old irish cottage No, because 10 years ago was ITE and good luck entering the job market in 2009. (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37620052) |
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Date: January 16th, 2019 1:40 PM Author: High-end organic girlfriend Ljl at fraud boomer admins deserving to extract a single penny of lawyers' earnings. Law "Schools" are supposed to be non-profits that serve as the accreditation centers for the profession; not a wealth transfer scheme to AA boomers (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37602951) |
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Date: January 16th, 2019 3:10 PM Author: contagious keepsake machete locale why treat it as a passive investment? (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37603476) |
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Date: January 16th, 2019 12:50 AM Author: Wine elite sweet tailpipe digit ratio I paid $30K all in and that was a bitch. (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37600553) |
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Date: January 16th, 2019 1:22 AM Author: Ivory Range 180 (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37600628) |
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Date: January 16th, 2019 1:48 AM Author: Titillating rough-skinned orchestra pit pistol have to pay for all of the quickly aging law lab equipment. (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37600684) |
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Date: January 16th, 2019 2:16 AM Author: Bronze sound barrier State of the art legal research. (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37600744) |
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Date: January 16th, 2019 2:15 AM Author: Impertinent red kitty foreskin You know it's not a competitive marketplace when you see line items for like $500 when you already have a $70K tuition bill. They are charging these kids a fee for document creation? $70k in fees doesn't get you documents? Jfc (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37600743) |
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Date: January 16th, 2019 8:34 AM Author: electric costumed reading party But the scholarship... (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37601294) |
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Date: January 16th, 2019 10:49 AM Author: Fiercely-loyal point *straps on diaper* (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37601866) |
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Date: January 16th, 2019 11:45 AM Author: Adulterous piazza DMC proving yet again that he’s one of the worst poasters in xo history (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37602155) |
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Date: January 16th, 2019 12:24 PM Author: glittery snowy address Is he a partner? (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37602406) |
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Date: January 19th, 2019 9:13 AM Author: appetizing sapphire lettuce Truly amazing content creation here, just think og the degree of mental illness necessary to make this thread into what it is (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37619949) |
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Date: January 16th, 2019 11:59 AM Author: Overrated racy church Practically, why can't JDs be replaced by a one year certificate and the bar exam? (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37602249) |
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Date: January 16th, 2019 12:14 PM Author: Fiercely-loyal point how would you fund the scholarly treats that way? (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37602332) |
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Date: January 16th, 2019 6:17 PM Author: indigo slap-happy athletic conference pit CR. It should really be two years max, third year of law school is a complete cash grab by the schools. (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37604337) |
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Date: January 16th, 2019 1:18 PM Author: High-end organic girlfriend I like how the nickel and dime you with a $105 "document fee" (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37602760) |
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Date: January 16th, 2019 1:24 PM Author: Adulterous piazza (((Hehe))) (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37602812) |
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Date: January 17th, 2019 3:20 AM Author: Bisexual Drab Filthpig Library It would prob. help if lolschools taught their students how to practice law but that would make too much sense. (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37606693) |
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Date: January 17th, 2019 3:46 AM Author: passionate puppy https://www.google.com/amp/s/amp.reddit.com/r/personalfinance/comments/7arvhr/massive_student_loan_debt_300k_repayment_plan/ (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37606744) |
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Date: January 17th, 2019 3:52 AM Author: passionate puppy https://www.google.com/amp/s/amp.reddit.com/r/personalfinance/comments/5wot11/is_a_450000_student_loan_practical/
ljl |
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Date: January 18th, 2019 2:01 PM Author: Big Hissy Fit "I don't know if your son fully appreciates how much $450k w/ interest is. Dentists do well but paying off 450k will take a longgggggggg time. Sure, you may make120k or 150k out of school, but taxes hit you hard and then you are paying off that 450k with post-tax money with no or little tax deductions and after living expenses. Might want to show him a mathematical breakdown of how long it might take to pay off"
Sure, you may make120k Sure, you may make120k Sure, you may make120k Sure, you may make120k Sure, you may make120k Sure, you may make120k Sure, you may make120k Sure, you may make120k |
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Date: January 19th, 2019 9:43 AM Author: Hyperactive garnet famous landscape painting nursing home What an investment! (http://www.autoadmit.com/thread.php?thread_id=4178710&forum_id=2#37620049) |
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Date: January 20th, 2019 8:38 PM Author: coiffed university old irish cottage It truly is! For a Class of 2014 grad for example:
-You will have made 630K after year 3, easily recouping your law school costs -You will have made 930K after year 4!!!!! -After year 4, you will have made more than 300K MORE than a 2008 graduate after year 4!!!! -You will have made $3 million after year 9!!!!! And that's assuming you didn't collect a single special bonus!!!! And that's assuming you don't make partner!
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Date: January 20th, 2019 8:41 PM Author: coiffed university old irish cottage Yearly breakdwon of a hypothetical 2014 grad in a market firm, NO special bonuses. Pay raises are added real-time (so no pay raise reflected for first 3 years):
Year 1: 175K Year 2: 195k (370k total) Year 3: 260k (630k total) Year 4: 300K (930K total) Year 5: 360K (1.29 million total) Year 6: 385K (1.68 million total) Year 7: 415K (2.09 million total) Year 8: 430K (2.52 million total) Year 9: 450K (2.97 million total!!!!)
A whopping 3 million after only 9 years!!!!! With partnership prospects!!!!!! LJL at your tiny pink tuition increases.
No wonder there is a huge spike in law school applications and LSAT takers (biggest increase since 2001-2002)!!!
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