Trying to get numbers on the 160,000 a year job

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jenesaislaw
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Joined: Mon May 19, 2008 6:35 pm

Re: Trying to get numbers on the 160,000 a year job

Postby jenesaislaw » Mon Jan 17, 2011 11:21 pm

nealric wrote:If I remember correctly, number of entry-level biglaw (defined as NALP-member firms paying 160k market or secondary market rate) slots has fluctuated between 2,500 and 5,000 or so. There are something like 25,000 new law school grads per year. So between 10 and 20% of law school grads get what can be defined as biglaw.

160k is the base pay. Market bonus for first year associates in NYC (other markets are hit or miss on bonus) has fluctuated from 30k (2007) to 7.5k (2010).

I'm a first-year associate at a 160k NYC firm if you have any questions about what it's like.



There have been just over 40,000 new grads over the past few years. The Class of 2009 had about 43,000.

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jenesaislaw
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Re: Trying to get numbers on the 160,000 a year job

Postby jenesaislaw » Mon Jan 17, 2011 11:27 pm

albanach wrote:If we assume that most of the hires come from the T14, it's worth knowing how many T14 grads will be looking for these positions.

http://www.top-law-schools.com/forums/viewtopic.php?f=2&t=141338

From smallest to biggest class sizes:
1. Stanford University 170
2. University of Chicago 191
3. Cornell University 205
4. Yale University 214
5. Duke University 228
6. University of Pennsylvania 255
7. Northwestern University 271
8. University of California – Berkeley 292
9. University of Virginia 368
10. University of Michigan 371
11. Columbia University 397
12. New York University 450
13. Georgetown University 463
14. Harvard University 559

Total: 4434



It's also worth knowing the sizes of the schools just outside of the uninformative T14 cutoff. GULC is much more like Vandy, UT, and UCLA than HYS. Take a look at the NLJ 250 placement charts to see why. Here is the Class of 2008: http://www.law.com/jsp/nlj/PubArticleNL ... 2428438260. Class of 2009: http://www.law.com/jsp/nlj/PubArticleNL ... 2443758843

wildcats2008
Posts: 31
Joined: Sat Sep 05, 2009 11:12 am

Re: Trying to get numbers on the 160,000 a year job

Postby wildcats2008 » Tue Jan 18, 2011 12:08 am

Here's what I found for Kirkland & Ellis- Chicago.
Associates:
Yale 8
Harvard 57
Stanford 6
Cal 2
Columbia 11
NYU 11
U of Chicago 74
Michigan 65
Penn 6
Duke 9
Virginia 13
Northwestern 89
Cornell 13
Georgetown 13

Number of T14 Associates = 377
Number of non-T14 Associates = 264
T14 Accept Rate (377/4434) = 8.5%
non-T14 Accept Rate (264/~40,000) = 0.7%

If Kirkland is any proof, getting biglaw is EXTREMELY DIFFICULT for T14 grads.
For everyone else, it's like winning the lottery.

rundoxierun
Posts: 1893
Joined: Wed Dec 03, 2008 1:46 am

Re: Trying to get numbers on the 160,000 a year job

Postby rundoxierun » Tue Jan 18, 2011 12:12 am

wildcats2008 wrote:Here's what I found for Kirkland & Ellis- Chicago.
Associates:
Yale 8
Harvard 57
Stanford 6
Cal 2
Columbia 11
NYU 11
U of Chicago 74
Michigan 65
Penn 6
Duke 9
Virginia 13
Northwestern 89
Cornell 13
Georgetown 13

Number of T14 Associates = 377
Number of non-T14 Associates = 264
T14 Accept Rate (377/4434) = 8.5%
non-T14 Accept Rate (264/~40,000) = 0.7%

If Kirkland is any proof, getting biglaw is EXTREMELY DIFFICULT for T14 grads.
For everyone else, it's like winning the lottery.


I have no idea what you are attempting to show here. Elaborate plz??

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AreJay711
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Re: Trying to get numbers on the 160,000 a year job

Postby AreJay711 » Tue Jan 18, 2011 12:17 am

wildcats2008 wrote:Here's what I found for Kirkland & Ellis- Chicago.
Associates:
Yale 8
Harvard 57
Stanford 6
Cal 2
Columbia 11
NYU 11
U of Chicago 74
Michigan 65
Penn 6
Duke 9
Virginia 13
Northwestern 89
Cornell 13
Georgetown 13

Number of T14 Associates = 377
Number of non-T14 Associates = 264
T14 Accept Rate (377/4434) = 8.5%
non-T14 Accept Rate (264/~40,000) = 0.7%

If Kirkland is any proof, getting biglaw is EXTREMELY DIFFICULT for T14 grads.
For everyone else, it's like winning the lottery.

Wait, this isn't for one year is it? If so, 1/3 of NU's class went to one firm?

wildcats2008
Posts: 31
Joined: Sat Sep 05, 2009 11:12 am

Re: Trying to get numbers on the 160,000 a year job

Postby wildcats2008 » Tue Jan 18, 2011 12:21 am

Sorry, this is all of their associates over different years. The numbers will end up being off because I forgot to take that into account. Regardless, the important thing to look at is the disparity between T14 and non-T14 associates. T14 grads make up ~10% of all law grads, but are actually the majority in many biglaw firms. That means a steep uphill climb for non-T14 grads especially if they are applying outside of their region.




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