Aberzombie1892 wrote:There are a decent amount of jobs between $60,000-$110,000. Market pay in New Orleans and Jackson (MS) is $90,000-$100,000. Heck, North Carolina is $100,000-$140,000.
I'm not saying there are piles and piles of jobs in these pay ranges. I'm just saying that the market rate in non-primary markets (pretty much all cities that are not NYC, DC, Chi, LA- and other CA cities, Dallas, Houston, etc.) is less than $160,000 but more than $60,000.
About 1/3 of all salaries are between $60,000 and $160,000. Is it a rosy picture for people that take out more than $100,000 in loans? No. But doing that was a bad idea to begin with.
Jobs between 100k and 160k tend to be biglaw in secondary markets. Eg: Alston & Bird pays $135k in Atlanta. These jobs aren't easy to get --- classes are small enough that they can be filled with people with top grades at T25s and very good grades at T14s.
Eg: there are 8 firms that pay market or above in Atlanta. Between them, they hired 51 people last year. If you expand the search to firms paying $100k+, then you get 19 firms, hiring a total of 71 graduates between them. If you expand the search to $60k and above... you get the same 19 firms. There are *no* NALP firms paying between $60k and $100k in Atlanta...
Now to put this into perspective, Emory and UGA together have about 450 students in each year, not including transfers. That's not including the people at Duke and UVA who will target Atlanta (and get preference over Emory/UGA grads), or the people at other T14s who are from the area and want to come back.
I agree with the overall tone of this post, but must point out that your data isn't totally accurate. Many NALP member firms, for whatever reason, aren't listed in the directory. As a result, I can name for you two firms from personal knowledge that pay ATL market and one that pays between 60k and 100k, but aren't listed in the directory. Similarly, I can guarantee you that Louisiana has way more than 10 firms there despite the fact that NALP only lists that number.
That doesn't change the fact that there are relatively few of those jobs available though.
Also, the below is correct, but I wouldn't necessarily call all those firms small or midlaw.
MrAnon wrote:A poster cited a number of prestigious small or midlaw shops in the city of jackson or in his state, but the problem there is that each firm needs only a couple new associates each year. These are busy firms, but they are not teeming to the gills with work, and they cannot support a dozen new associates each year. More likely they will add 3-4 associates in a good year out of a pool of 10,000 or so in the southeast. They can set any salary they want and no one can do anything about it.