Big Law Forum
- ahduth
- Posts: 2467
- Joined: Wed Sep 29, 2010 10:55 am
Big Law
Har har, and yes I did try the search function. I'm bad at the internets though, and didn't find anything useful. Sue me.
What's big law?
I've always assumed it was just the AmLaw 100, but it seems like people often conflate big law with the NLJ250. There's also the V100, but I'm not sure why we care about associate prestige perception. AmLaw talks cash money and in a lot of capitalist countries money talks and bullshit walks, or so I've heard.
When we talk about big law placement and the NLJ250, I always start to feel a little funny because of:
http://www.ilrg.com/nlj250/attorneys/desc/4
http://www.ilrg.com/nlj250/attorneys/desc/5
Is there a consensus around this at all? Per the aliarrow chart portfolio, Wisconsin and SMU had better NLJ250 placement than Minnesota. How much of all these placements were "big law"?
What's big law?
I've always assumed it was just the AmLaw 100, but it seems like people often conflate big law with the NLJ250. There's also the V100, but I'm not sure why we care about associate prestige perception. AmLaw talks cash money and in a lot of capitalist countries money talks and bullshit walks, or so I've heard.
When we talk about big law placement and the NLJ250, I always start to feel a little funny because of:
http://www.ilrg.com/nlj250/attorneys/desc/4
http://www.ilrg.com/nlj250/attorneys/desc/5
Is there a consensus around this at all? Per the aliarrow chart portfolio, Wisconsin and SMU had better NLJ250 placement than Minnesota. How much of all these placements were "big law"?
- Cavalier
- Posts: 1994
- Joined: Mon Apr 13, 2009 6:13 pm
Re: Big Law
I don't think there's a consensus about the meaning of "big law," but it doesn't really matter. Starting salaries are very divergent; you'll likely either earn a six figure salary ($160,000 in major cities, less in secondary locations--the "market" rate), or $40-60,000 upon graduation. When law students (and prospective law students) refer to "getting big law," they are usually just referring to getting a job at a firm that pays market.
-
- Posts: 2525
- Joined: Sat Jul 18, 2009 12:12 am
Re: Big Law
and a lower salary in a place that has a lot lower relative COL is really a higher salary , atleast some people think of it that way.
-
- Posts: 2890
- Joined: Wed Jul 28, 2010 6:42 pm
Re: Big Law
I'd much rather live on 130k in Pittsburgh than 160k in Manhattan.Sandro wrote:and a lower salary in a place that has a lot lower relative COL is really a higher salary , atleast some people think of it that way.
Want to continue reading?
Register now to search topics and post comments!
Absolutely FREE!
Already a member? Login
- nealric
- Posts: 4279
- Joined: Fri Sep 25, 2009 9:53 am
Re: Big Law
This is an ontological question the likes of which will never be answered by even the greatest philosophers.
- voltage88
- Posts: 168
- Joined: Tue Sep 21, 2010 2:36 pm
Re: Big Law
I'd much rather live on 130K in Manhattan than 160k in Pittsburgh lol I guess it's a matter of preference. I'd be willing to sacrifice 30K to live in New York than to live in a small Midwest town on the decline...Sorry 'burghers!HeavenWood wrote:I'd much rather live on 130k in Pittsburgh than 160k in Manhattan.Sandro wrote:and a lower salary in a place that has a lot lower relative COL is really a higher salary , atleast some people think of it that way.
-
- Posts: 2525
- Joined: Sat Jul 18, 2009 12:12 am
Re: Big Law
Obviously Cash doesnt Rule Everything Around You. Get the money, dolla dolla bills yall. And I dont know about you but I have a feeling I wouldn't feel to down "in a small midwest town on the decline" if I had a stack of $60k sitting next to me each year.voltage88 wrote:I'd much rather live on 130K in Manhattan than 160k in Pittsburgh lol I guess it's a matter of preference. I'd be willing to sacrifice 30K to live in New York than to live in a small Midwest town on the decline...Sorry 'burghers!HeavenWood wrote:I'd much rather live on 130k in Pittsburgh than 160k in Manhattan.Sandro wrote:and a lower salary in a place that has a lot lower relative COL is really a higher salary , atleast some people think of it that way.
Last edited by Sandro on Sun Apr 17, 2011 1:11 pm, edited 1 time in total.
- Other25BeforeYou
- Posts: 503
- Joined: Sun Oct 05, 2008 1:19 pm
Re: Big Law
Yeah, if you punch most of those into a cost of living calculator and see what you would need to make in New York for the same quality of life, it's usually more than $160K. I like http://www.bestplaces.net/col/.Sandro wrote:and a lower salary in a place that has a lot lower relative COL is really a higher salary , atleast some people think of it that way.
For instance, Number 247 - for the same quality of life as $105K gets you in Cleveland, you'd need to make $217K in New York.
Number 211 - $90K in Louisville gets you what $194K gets you in New York.
And so on.
- handlesthetruth
- Posts: 119
- Joined: Mon Feb 28, 2011 4:42 pm
Re: Big Law
+1000HeavenWood wrote:I'd much rather live on 130k in Pittsburgh than 160k in Manhattan.Sandro wrote:and a lower salary in a place that has a lot lower relative COL is really a higher salary , atleast some people think of it that way.
160k in new York is like 75-80 in the Midwest...aka mid law.
120 in small cities is where the cash is at: 120k in St. Louis = 245k in nyc
-
- Posts: 2890
- Joined: Wed Jul 28, 2010 6:42 pm
Re: Big Law
I can understand your disdain toward Pittsburgh (it can't even begin to compare to New York), but to be fair, the city really is on the rise. The white collar sector has rebounded in the past 20 years. Once the blue collar industries bottom out, Pittsburgh should start to see a rise in population once more.voltage88 wrote:I'd much rather live on 130K in Manhattan than 160k in Pittsburgh lol I guess it's a matter of preference. I'd be willing to sacrifice 30K to live in New York than to live in a small Midwest town on theHeavenWood wrote:I'd much rather live on 130k in Pittsburgh than 160k in Manhattan.Sandro wrote:and a lower salary in a place that has a lot lower relative COL is really a higher salary , atleast some people think of it that way.declinerise...Sorry 'burghers!
160k is by no means bad in NYC, but a $2,500 a month broom closet in midtown Manhattan is not at all appealing to me. Different strokes and all that, I suppose.
- Aberzombie1892
- Posts: 1908
- Joined: Sun Mar 29, 2009 10:56 am
Re: Big Law
I believe the NLJ250 is generally considered to be "big law."
However, I think that it is unfair to say that "big law" is more desirable than "market paying mid law."
Also, ~30% of the salaries on that bimodal distribution chart land between $130,000-$60,000. So to say that there are not a lot of jobs in that range isn't really accurate.
However, I think that it is unfair to say that "big law" is more desirable than "market paying mid law."
Also, ~30% of the salaries on that bimodal distribution chart land between $130,000-$60,000. So to say that there are not a lot of jobs in that range isn't really accurate.
Register now!
Resources to assist law school applicants, students & graduates.
It's still FREE!
Already a member? Login
- JusticeHarlan
- Posts: 1516
- Joined: Tue Dec 15, 2009 2:56 pm
Re: Big Law
You have to factor in the response rate, though. The '09 chart had fewer than 20K graduates reporting, out of about 45K, so your 30% probably drops below 15%.Aberzombie1892 wrote:Also, ~30% of the salaries on that bimodal distribution chart land between $130,000-$60,000. So to say that there are not a lot of jobs in that range isn't really accurate.
http://www.nalp.org/salarydistrib
- stratocophic
- Posts: 2204
- Joined: Tue Dec 22, 2009 6:24 pm
Re: Big Law
Heck, even 160 in Chicago = 245k in NYC. At K&E or any other place that pays market bonuses... I'm $ure you can $ee where I'm going with thi$handlesthetruth wrote:+1000HeavenWood wrote:I'd much rather live on 130k in Pittsburgh than 160k in Manhattan.Sandro wrote:and a lower salary in a place that has a lot lower relative COL is really a higher salary , atleast some people think of it that way.
160k in new York is like 75-80 in the Midwest...aka mid law.
120 in small cities is where the cash is at: 120k in St. Louis = 245k in nyc
-
- Posts: 1505
- Joined: Tue Dec 14, 2010 6:56 pm
Re: Big Law
I would rather live in Manhattan. I can't be sure but I don't think I would like Pittsburgh.HeavenWood wrote:I'd much rather live on 130k in Pittsburgh than 160k in Manhattan.Sandro wrote:and a lower salary in a place that has a lot lower relative COL is really a higher salary , atleast some people think of it that way.
Get unlimited access to all forums and topics
Register now!
I'm pretty sure I told you it's FREE...
Already a member? Login
-
- Posts: 2890
- Joined: Wed Jul 28, 2010 6:42 pm
Re: Big Law
160k in Milwaukee (Foley & Lardner) = 309k in NYC. Quick, someone sell me on Wisconsin.stratocophic wrote:Heck, even 160 in Chicago = 245k in NYC. At K&E or any other place that pays market bonuses... I'm $ure you can $ee where I'm going with thi$handlesthetruth wrote:+1000HeavenWood wrote:I'd much rather live on 130k in Pittsburgh than 160k in Manhattan.Sandro wrote:and a lower salary in a place that has a lot lower relative COL is really a higher salary , atleast some people think of it that way.
160k in new York is like 75-80 in the Midwest...aka mid law.
120 in small cities is where the cash is at: 120k in St. Louis = 245k in nyc
-
- Posts: 20063
- Joined: Sun Mar 14, 2010 7:06 pm
Re: Big Law
This.Cavalier wrote:When law students (and prospective law students) refer to "getting big law," they are usually just referring to getting a job at a firm that pays market.
- stratocophic
- Posts: 2204
- Joined: Tue Dec 22, 2009 6:24 pm
Re: Big Law
Nalp puts Foley Milwaukee at 130k... secondary market pay =/= primary market pay, even if it's the main office (Bryan Cave in STL at 125k, e.g.)HeavenWood wrote:160k in Milwaukee (Foley & Lardner) = 309k in NYC. Quick, someone sell me on Wisconsin.stratocophic wrote:Heck, even 160 in Chicago = 245k in NYC. At K&E or any other place that pays market bonuses... I'm $ure you can $ee where I'm going with thi$handlesthetruth wrote:+1000HeavenWood wrote:\
I'd much rather live on 130k in Pittsburgh than 160k in Manhattan.
160k in new York is like 75-80 in the Midwest...aka mid law.
120 in small cities is where the cash is at: 120k in St. Louis = 245k in nyc
-
- Posts: 2890
- Joined: Wed Jul 28, 2010 6:42 pm
Re: Big Law
Oh well. At least I won't be pining for Milwaukee.stratocophic wrote:Nalp puts Foley Milwaukee at 130k... secondary market pay =/= primary market pay, even if it's the main office (Bryan Cave in STL at 125k, e.g.)
Communicate now with those who not only know what a legal education is, but can offer you worthy advice and commentary as you complete the three most educational, yet challenging years of your law related post graduate life.
Register now, it's still FREE!
Already a member? Login
- Patriot1208
- Posts: 7023
- Joined: Tue May 18, 2010 11:28 am
Re: Big Law
I'm just referring to the ability to dig blow out of a hookers asshole with my tongue.
- Ty Webb
- Posts: 520
- Joined: Mon Nov 23, 2009 10:47 pm
Re: Big Law
This thread has reminded me that most people don't see the correlation between higher cost of living and higher quality of life. There's a reason it costs a lot to live in NYC. It's because people want to live there. People want to live there because it's infinitely better than Cleveland fucking Ohio.
-
- Posts: 2890
- Joined: Wed Jul 28, 2010 6:42 pm
Re: Big Law
You're ignoring the fact that there are plenty of downsides to living in NYC (along with plenty of upsides to living in secondary markets).Ty Webb wrote:This thread has reminded me that most people don't see the correlation between higher cost of living and higher quality of life. There's a reason it costs a lot to live in NYC. It's because people want to live there. People want to live there because it's infinitely better than Cleveland fucking Ohio.
Seriously? What are you waiting for?
Now there's a charge.
Just kidding ... it's still FREE!
Already a member? Login