Dave Davely wrote:
Aberzombie1892 wrote:Let me put it this way, about 45% of the graduates from the average T14 are in a better position than about 80% of the graduates of most of the T50 (the top 20% - on average - of the T50 are competitive for positions that are accessible to the 45% of graduates from most of the T14).
The remaining 55% of T14 graduates (on average) are not in a better position than remaining 80% of the T50 (on average). If you are one of those people that believe people outside of the top 20% of T50 schools are screwed, then you should equally assume that remaining 55% (on average) of the T14 are screwed as well.
Most "midlaw" is just as hard to get as big law, and frequently these positions go to students who could have gotten big law but chose not to.
Isn't this assuming that T14 graduates who don't get Biglaw are in the exact same position as T50 graduates who don't get Biglaw. Do you really think that superior Biglaw placement is the only advantage (speaking strictly of employment prospects) of attending a T14 law school?
It's been statistically proven that the value of an elite degree declines over time. Thus, if you don't start out in a position that you otherwise would not have gotten, you have already lost much of the value of the degree. This is a very important concept that 0L's don't seem to understand. A few years after graduation, a T14 degree does not have more value than a non-T14 degree unless that T14 graduate has elite work experience coupled with the degree. As you can imagine, at that point, a non-T14 degree with good experience is worth more than a T14 degree with not-so-good experience. My advice is just be careful and understand what you are getting yourself into. And for your own sake, be responsible.
Also, this thread seemed aimed at only big law. Honestly, if you don't get a COA clerkship (or a COA feeder district court judge), big law, or big gov (only counting jobs only attainable through the summer honors programs), then you really aren't in a identifiably better position than your peers that went to lower ranked schools with larger scholarships. True there is some high profile PI, but if you aren't HYSCCN (as was already stated), you chances aren't that much higher from the T14 than graduates at the top non-t14 school in the city where that job is located (there are some hypothetical exceptions, however).
Be aware that LRAP's and IBR are interesting and all of that, but I'm not convinced that 0L's know enough about what they want to do to honestly choose to attend a school because they KNOW that they want to do PI/Gov. It may seem like what you want to do, but what if you change your mind and don't get big law? This is why scholarships and overall COA should always be a factor - you never know where you will be in three years or what you want to be doing. No one really wants to be making half of the market salary into their thirties and possibly forties (people want to save money, buy property, get married, have children, etc.).