USNWR Rankings Released...Seriously Forum

[fortissimo]

--ImageRemoved--


Fortissimo, such a sad poster. Don't you realize that a harsh voice won't make any impression on TLSers? Most posters are apparently unconcerned with something as important as the state of the job market, so why would they heed something as irrelevant as your ridiculously slanted interpretations of everything? Won't you recognize the nullification of your raison d'atre? And please don't bump the federal clerkships thread again.

LOL at the bolded. So true. I need to respond to this just to bump that flaming butthole. Aren't you a moderator though? You should really be updating the TLS rankings with accurate data instead of sitting on your ass finding butthole pics. What do they PAY you to do anyway?

[GermX]

Job market is what it is. We're fucked with our lame liberal arts degrees, so let's go to law school.

[ahp578]

hi did anyone pay for the full 2011 speciality rankings? Im looking for the full 1-26 IP rankings in particular. Or if someone has already posted this, can someone lead me in the correct direction? I have tried searching numerous forums.

Thanks!

[icydash]

hi did anyone pay for the full 2011 speciality rankings? Im looking for the full 1-26 IP rankings in particular. Or if someone has already posted this, can someone lead me in the correct direction? I have tried searching numerous forums.

Thanks!

yesss send those to me also, please.

[clintonius]

hi did anyone pay for the full 2011 speciality rankings? Im looking for the full 1-26 IP rankings in particular. Or if someone has already posted this, can someone lead me in the correct direction? I have tried searching numerous forums.

Thanks!

yesss send those to me also, please.

Also, I got an e-mail recently say I could make my penis bigger. If somebody who signed up for the trial could forward a few of those pills my way I'd appreciate it.

[fortissimo]

Job market is what it is. We're fucked with our lame liberal arts degrees, so let's go to law school.

Except you'd be fucked with another unemployable degree and in a shitload in debt...

[quickquestionthanks]

Job market is what it is. We're fucked with our lame liberal arts degrees, so let's go to law school.

Except you'd be fucked with another unemployable degree and in a shitload in debt...

Many legal services are like insurance. You buy it to cover your ass. Wealthy people buy lots of insurance, since they've got disposable income and plenty to lose. But when times get tight, people often stop paying for things that don't give them immediate utility. This is why poor people don't buy insurance.

Eventually every market will reprice (it's almost finished actually), business will resume to traditional activity levels, and large companies, which in the lean times sought to operate sans legal advice/services, will find themselves in sticky situations. They will learn their lesson and resume buying legal services for protection.

Warren Buffet once said (paraphrase) "when people are acting greedy, get scared. When people are acting scared, get greedy." Now's the time to double down, not puss out. The US, it's massive economy, and its litigious nature will be here for at least another century or two.

[cartercl]

Grape kool-aid is awesome

[Son of Cicero]

Job market is what it is. We're fucked with our lame liberal arts degrees, so let's go to law school.

Except you'd be fucked with another unemployable degree and in a shitload in debt...

Many legal services are like insurance. You buy it to cover your ass. Wealthy people buy lots of insurance, since they've got disposable income and plenty to lose. But when times get tight, people often stop paying for things that don't give them immediate utility. This is why poor people don't buy insurance.

Eventually every market will reprice (it's almost finished actually), business will resume to traditional activity levels, and large companies, which in the lean times sought to operate sans legal advice/services, will find themselves in sticky situations. They will learn their lesson and resume buying legal services for protection.

Warren Buffet once said (paraphrase) "when people are acting greedy, get scared. When people are acting scared, get greedy." Now's the time to double down, not puss out. The US, it's massive economy, and its litigious nature will be here for at least another century or two.

The legal market wasn't always as bloated as it has become in recent years. I sat in on a lecture given by a former president of the ABA, and he said that he watched as firms willingly let the old system get out of control: they would over-delegate work and chop up assignments to rack up the billed hours without caring how thinly-sliced projects would become. It was systemic, and now that that system has collapsed, there is a lot skepticism about whether it will come back in a form that can absorb nearly as many students as reputable schools anticipated when they jacked up their tuition rates. It seems like a pretty sensible theory from a credible source, and I haven't heard anyone but blind optimists make any predictions that didn't take that that or a similar thesis as their starting point. People and corporations do need legal services, but they don't need to get them from wasteful firms which over-hire in a way that is clearly detrimental to clients.

That Buffett quote seems totally inapplicable in these circumstances. People aren't backing out of the decision to go to law school yet. Law school is still becoming more and more competitive, and it's not because schools are closing down and creating fewer openings. Enrollment is at overflow levels, even now. The people who are scared are law students who can't find jobs and lawyers who have been, or who fear being, laid off. If applicants had been backing out before the job market was clearly fucked, but when there were loud enough rumblings in the distance to make reasonable investors (0Ls) hold off on applying - say, around the time of ED deadlines in 2008 - then you might have actually been taking a gamble to which that quote might apply. Is Warren Buffett buying up newspapers like a madman now that staffs have been getting laid off, offices have been closing, and owners are making grim predictions about their publications' fates? Sometimes, what looks like a bad deal is, in fact, a bad deal.

[quickquestionthanks]

Many legal services are like insurance. You buy it to cover your ass. Wealthy people buy lots of insurance, since they've got disposable income and plenty to lose. But when times get tight, people often stop paying for things that don't give them immediate utility. This is why poor people don't buy insurance.

Eventually every market will reprice (it's almost finished actually), business will resume to traditional activity levels, and large companies, which in the lean times sought to operate sans legal advice/services, will find themselves in sticky situations. They will learn their lesson and resume buying legal services for protection.

Warren Buffet once said (paraphrase) "when people are acting greedy, get scared. When people are acting scared, get greedy." Now's the time to double down, not puss out. The US, it's massive economy, and its litigious nature will be here for at least another century or two.

The legal market wasn't always as bloated as it has become in recent years. I sat in on a lecture given by a former president of the ABA, and he said that he watched as firms willingly let the old system get out of control: they would over-delegate work and chop up assignments to rack up the billed hours without caring how thinly-sliced projects would become. It was systemic, and now that that system has collapsed, there is a lot skepticism about whether it will come back in a form that can absorb nearly as many students as reputable schools anticipated when they jacked up their tuition rates. It seems like a pretty sensible theory from a credible source, and I haven't heard anyone but blind optimists make any predictions that didn't take that that or a similar thesis as their starting point. People and corporations do need legal services, but they don't need to get them from wasteful firms which over-hire in a way that is clearly detrimental to clients.

That Buffett quote seems totally inapplicable in these circumstances. People aren't backing out of the decision to go to law school yet. Law school is still becoming more and more competitive, and it's not because schools are closing down and creating fewer openings. Enrollment is at overflow levels, even now. The people who are scared are law students who can't find jobs and lawyers who have been, or who fear being, laid off. If applicants had been backing out before the job market was clearly fucked, but when there were loud enough rumblings in the distance to make reasonable investors (0Ls) hold off on applying - say, around the time of ED deadlines in 2008 - then you might have actually been taking a gamble to which that quote might apply. Is Warren Buffett buying up newspapers like a madman now that staffs have been getting laid off, offices have been closing, and owners are making grim predictions about their publications' fates? Sometimes, what looks like a bad deal is, in fact, a bad deal.

The firms that tremendously overspent on big law services were acting foolishly, no question. I heard a story about a firm that billed a client $50,000 before the client cancelled stopped services, and all they had done was figure out which of three jurisdictions was the best in which to litigate a case. That's obscene behavior and the industry is better off without it. But I think the sentiment that "the model is changing" is fading.

As for the 'acting scared' part, you're right; the analogy isn't perfect. However, IMO the people who are taking full rides to T2 schools over T14 sticker because of the current climate are making a costly mistake. What I'm saying is, be the person who gets the scared person's seat at a T14. You'll profit in the long run. We're still (and, hopefully, always will be) a nation of laws.

[Son of Cicero]

As for the 'acting scared' part, you're right; the analogy isn't perfect. However, IMO the people who are taking full rides to T2 schools over T14 sticker because of the current climate are making a costly mistake. What I'm saying is, be the person who gets the scared person's seat at a T14. You'll profit in the long run. We're still (and, hopefully, always will be) a nation of laws.

I'd agree with you here. Unfortunately, on TLS it often boils down to more absurd choices such as: "T14 with $60k vs. T14 that has a good family law program, which I think I'm interested in. Plus I got a better vibe there." That's a boom-time dilemma, yet it recurs often enough that it's clear many inhabitants of our happy bubble haven't realized that the days of throwing away money over frivolous differences ended in Fall 2008.

[aIvin adams]

http://www.abajournal.com/news/article/ ... ment_stats

[FuManChusco]

hi did anyone pay for the full 2011 speciality rankings? Im looking for the full 1-26 IP rankings in particular. Or if someone has already posted this, can someone lead me in the correct direction? I have tried searching numerous forums.

Thanks!

I don't think it really matters after 10. I don't think it really matters in general to be honest.

[am060459]

hmmmmmm

[jmhendri]

http://www.nytimes.com/2010/05/06/busin ... tml?src=mv

indeed.

[apper123]

Job market is what it is. We're fucked with our lame liberal arts degrees, so let's go to law school.

Except you'd be fucked with another unemployable degree and in a shitload in debt...

Many legal services are like insurance. You buy it to cover your ass. Wealthy people buy lots of insurance, since they've got disposable income and plenty to lose. But when times get tight, people often stop paying for things that don't give them immediate utility. This is why poor people don't buy insurance.

Eventually every market will reprice (it's almost finished actually), business will resume to traditional activity levels, and large companies, which in the lean times sought to operate sans legal advice/services, will find themselves in sticky situations. They will learn their lesson and resume buying legal services for protection.

Warren Buffet once said (paraphrase) "when people are acting greedy, get scared. When people are acting scared, get greedy." Now's the time to double down, not puss out. The US, it's massive economy, and its litigious nature will be here for at least another century or two.

This is a really great post. I appreciate your insight, especially as someone who has an econ degree.

[apper123]

Job market is what it is. We're fucked with our lame liberal arts degrees, so let's go to law school.

Except you'd be fucked with another unemployable degree and in a shitload in debt...

Many legal services are like insurance. You buy it to cover your ass. Wealthy people buy lots of insurance, since they've got disposable income and plenty to lose. But when times get tight, people often stop paying for things that don't give them immediate utility. This is why poor people don't buy insurance.

Eventually every market will reprice (it's almost finished actually), business will resume to traditional activity levels, and large companies, which in the lean times sought to operate sans legal advice/services, will find themselves in sticky situations. They will learn their lesson and resume buying legal services for protection.

Warren Buffet once said (paraphrase) "when people are acting greedy, get scared. When people are acting scared, get greedy." Now's the time to double down, not puss out. The US, it's massive economy, and its litigious nature will be here for at least another century or two.

The legal market wasn't always as bloated as it has become in recent years. I sat in on a lecture given by a former president of the ABA, and he said that he watched as firms willingly let the old system get out of control: they would over-delegate work and chop up assignments to rack up the billed hours without caring how thinly-sliced projects would become. It was systemic, and now that that system has collapsed, there is a lot skepticism about whether it will come back in a form that can absorb nearly as many students as reputable schools anticipated when they jacked up their tuition rates. It seems like a pretty sensible theory from a credible source, and I haven't heard anyone but blind optimists make any predictions that didn't take that that or a similar thesis as their starting point. People and corporations do need legal services, but they don't need to get them from wasteful firms which over-hire in a way that is clearly detrimental to clients.

That Buffett quote seems totally inapplicable in these circumstances. People aren't backing out of the decision to go to law school yet. Law school is still becoming more and more competitive, and it's not because schools are closing down and creating fewer openings. Enrollment is at overflow levels, even now. The people who are scared are law students who can't find jobs and lawyers who have been, or who fear being, laid off. If applicants had been backing out before the job market was clearly fucked, but when there were loud enough rumblings in the distance to make reasonable investors (0Ls) hold off on applying - say, around the time of ED deadlines in 2008 - then you might have actually been taking a gamble to which that quote might apply. Is Warren Buffett buying up newspapers like a madman now that staffs have been getting laid off, offices have been closing, and owners are making grim predictions about their publications' fates? Sometimes, what looks like a bad deal is, in fact, a bad deal.

I think this post is also correct and both of the above quoted posts can be reconciled. There's multiple factors to it, but the bottom line is: going to a bottom ranked law school and getting in a lot of debt is a bad financial decision right now; it won't be as bad a decision in the future; it's never quite as bad a decision as people have been making it out to be, especially if you are going to law school because you honestly and truly want to be a lawyer and are openly willing to struggle with debt, unemployment and low salaries to get there.

I currently attend a T2 where I have a scholarship, but it's not full and I would graduate with 6 figures of debt. I knew when I decided to go that it was not a wise decision based on finances alone, but I really love the law (corny i know) and honestly and truly wanted to be a lawyer. I was willing to scrape by and endure the debt to pursue what I dreamed to do, while at the same time I was also self-aware of the common delusions of grandeur people entering LS have and tried to avoid them.

I will be transferring to a T14 school next year, which obviously makes my debt situation bigger (lose scholly $$ and tuition goes way up), but also improves my job prospects (although the extent of this is arguable as I'd be top of the class here presumably) and portability (this was my primary reason for xfering... I realized I wanted to work somewhere where my current school's degree doesn't reach so well) exponentially. I'm still nervous about the debt, but not as nervous as I was before, especially since the T14 schools have much better LRAP programs across the board (esp GULC where I've been admitted) than my current school does. BigLaw as a career doesn't interest me in the slightest bit, but working in it to start a career is a very intriguing option I'd like to have.

(Let me add: I really, really love my T2 and the people here. The school is great and is an awesome place to be... it's just I can't pass up an opportunity for GULC, especially since my long term goals end in DC.)

[quickquestionthanks]

I think this post is also correct and both of the above quoted posts can be reconciled. There's multiple factors to it, but the bottom line is: going to a bottom ranked law school and getting in a lot of debt is a bad financial decision right now; it won't be as bad a decision in the future; it's never quite as bad a decision as people have been making it out to be, especially if you are going to law school because you honestly and truly want to be a lawyer and are openly willing to struggle with debt, unemployment and low salaries to get there.

I currently attend a T2 where I have a scholarship, but it's not full and I would graduate with 6 figures of debt. I knew when I decided to go that it was not a wise decision based on finances alone, but I really love the law (corny i know) and honestly and truly wanted to be a lawyer. I was willing to scrape by and endure the debt to pursue what I dreamed to do, while at the same time I was also self-aware of the common delusions of grandeur people entering LS have and tried to avoid them.

I will be transferring to a T14 school next year, which obviously makes my debt situation bigger (lose scholly $$ and tuition goes way up), but also improves my job prospects (although the extent of this is arguable as I'd be top of the class here presumably) and portability (this was my primary reason for xfering... I realized I wanted to work somewhere where my current school's degree doesn't reach so well) exponentially. I'm still nervous about the debt, but not as nervous as I was before, especially since the T14 schools have much better LRAP programs across the board (esp GULC where I've been admitted) than my current school does. BigLaw as a career doesn't interest me in the slightest bit, but working in it to start a career is a very intriguing option I'd like to have.

(Let me add: I really, really love my T2 and the people here. The school is great and is an awesome place to be... it's just I can't pass up an opportunity for GULC, especially since my long term goals end in DC.)

As someone who has a partial scholarship to a T2 (and an econ degree), I appreciate your post

Good luck in DC!

[BlindBadger]

I'm kind of an ass.

[romothesavior]

I'm kind of an ass.

Well played, NR.

[FeelTheHeat]

I'm kind of an ass.

Fucking brilliant.

[Michael Bluth]

I'm kind of an ass.

Can't hate. Nicely done.

[arvcondor]

Made me laugh harder than anything on TLS in awhile.

[09042014]

Funny but not that funny guys.

[ksimon2007]

Funny but not that funny guys.

I'm outraged.