-

(Rankings, Profiles, Tuition, Student Life, . . . )
User avatar
Man from Nantucket
Posts: 85
Joined: Sun Mar 11, 2012 11:31 pm

-

Postby Man from Nantucket » Sat Sep 29, 2012 2:41 pm

-
Last edited by Man from Nantucket on Mon Apr 08, 2013 11:14 pm, edited 2 times in total.

User avatar
Grond
Posts: 255
Joined: Sun Jul 06, 2008 9:33 am

Re: Serious Question

Postby Grond » Sat Sep 29, 2012 2:50 pm

Man from Nantucket wrote:How is LS even with Big Law worth it?

--LinkRemoved--

Seriously? Is this a joke? How are these school administrators not in jail?


If you really are the Man from Nantucket you should contact Para about a different career choice.

User avatar
dingbat
Posts: 4976
Joined: Wed Jan 11, 2012 9:12 pm

Re: Serious Question

Postby dingbat » Sat Sep 29, 2012 2:59 pm

Man from Nantucket wrote:How is LS even with Big Law worth it?

--LinkRemoved--

Seriously? Is this a joke? How are these school administrators not in jail?

Well, if your earnings goes from $50k per year to $160k per year, that's a jump of $110k per year. Now if we ignore interest, let's assume cost is $275k, add in another $150k for lost income, then we're at $425k. So, within 4 years of working (4*$110k) you're breaking even.
Of course, factoring interest into account, it'll take longer, but then, lockstep salaries increase every year at biglaw. Practically speaking, the breakeven point will be around 6-10 years, depending on interest rates, bonuses, etc.
So, for those who get (and keep) biglaw, it's absolutely worth it. Of course, for those who strike out, well, that's a different story




Return to “Choosing a Law School”

Who is online

Users browsing this forum: studyingeveryday and 3 guests