RVP11 wrote:Veyron wrote:RVP11 wrote:sundevil77 wrote:Arizona is pretty messed up right now. Huge budget problems resulting from a real estate driven economy. In another thread I think someone pointed out that there are only 40 2L summer positions with big firms to be had in the Phoenix area. Figure in the competition from UA, ASU, other regional schools, and T14 kids that want to come out here and you're left with slim pickings.
I was the one who predicted 40 2L summer positions with big firms. I overestimated. It turned out to be more like 25-30 (down from 100+ a few years ago). And you're right to factor in how many people from T14s + schools like Texas/Vanderbilt/Iowa the big firms get (they maybe take up half of these spots?). And factor in that there are ~350 law students combined coming out of UofA/ASU each year. And even the market's leading firms have dropped salary from what used to be PHX market rate of $125k down to $100k or even below. And the market's top firm no-offered half their SA class last year.
Arizona is awesome. But the economy took maybe the biggest hit of any state in the country (see: worst budget deficit given the size of the state), and the legal market shows it.
On the plus side, Phoenix was a total boomtown prior to the economy crash, and when things start booming Phoenix and Arizona will likely be at the forefront again. But I wouldn't bet your lucky stars, or your law school tuition if you're paying OOS, on this happening before you interview as a 2L.
All of this info is wrong, market in AZ according to NALP forms remains at 115-125 + bonus. 1/2 of SA classes are not filled by T-14 ers. This guy just doesn't know whereov he speaks.
A) "This guy?" I'm the one who's given you a lot of info on AZ firms. PM me if you want to know who I am.
B) I never said 1/2 of SA classes are filled by T14ers. I estimated that up to 1/2 of SA slots are filled by T14s + Texas/Vanderbilt/Iowa. Oh, and I forgot BYU. From old class profiles I've seen, that might be a slight overestimation, but it's definitely not a huge one. It supports the proposition that you NEED Law Review grades (or better) from UofA/ASU to have a shot. I was told by one former hiring partner that his firm would only interview the top few people from each school.
C) Here's some leading PHX firm salaries:
Snell & Wilmer - 110k (formerly paying 125k) and paying their SAs 1700/week
Lewis & Roca - 110k (formerly paying 125k)
Osborn Maledon - 105k
Fennemore Craig - 115k with an asterisk
Ryley Carlock - heard they were paying 90k now but haven't confirmed it
Yeah I'd say that's a big change from the days of "Phoenix to 145k." Firms had to cut somewhere and first year associate salaries was probably not a bad place to start. And I think we both know that 110k =/= living in furs and jewels in Phoenix, even if you live way out in the suburbs.
Squire Sanders and Steptoe are at 125 if I have my info correct, OM is 105 for 1800, 115 for 19 something billables both amounts can also have a discressionary bonus added on.
In any event if I misunderstood you I appologize for being insulting, I had no idea that any 125's had droped back, so this is new info for me. I'm just sick of 0L's from the midwest trying to pretend they know what goes in in AZ. I thought you were one of them.