ITT: Practicing attorneys tell you your top choice is bad

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timbs4339
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Re: ITT: Practicing attorneys tell you your top choice is bad

Postby timbs4339 » Mon Jan 27, 2014 2:46 pm

jk148706 wrote:
rad lulz wrote:
timbs4339 wrote:
twenty wrote:Excellent idea. Some of the more common ones on TLS:

UVA ED (i.e, sticker) for biglaw.
Northwestern at sticker for biglaw.


Honestly these are tough choices now that COA is approaching 300K. I see people who have sticker debt from a few years back in biglaw and it is a mixed bag. Some love it, some hate it, most people are meh about it. But all are paying a huge amount of their income to the government and are certainly not living high on the hog. I know one guy who works at a V10 and lives in a shared 4BR fifth floor walkup in a room the size of a closet. It undoubtedly will a good long-term investment but that's not the only factor.

It really comes down to how you want to spend your late 20s/early 30s and how debt averse you are, since it would be possible, but maybe not advisable, to make the standard payments and just stretch the debt over to your post-biglaw career.

This

T14 at sticker was more defensible for around $200k

Now? Ehhhhh


Won't have any COL $ to take out. Does that make it all better? :D


Any UG debt?

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jk148706
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Re: ITT: Practicing attorneys tell you your top choice is bad

Postby jk148706 » Mon Jan 27, 2014 2:48 pm

timbs4339 wrote: Any UG debt?


A few thousand but less than 10k

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worldtraveler
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Re: ITT: Practicing attorneys tell you your top choice is bad

Postby worldtraveler » Mon Jan 27, 2014 2:49 pm

Winston1984 wrote:Iowa for free with no ties? Thanks for doing this thread.


Do you really want to live in Iowa?

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Winston1984
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Re: ITT: Practicing attorneys tell you your top choice is bad

Postby Winston1984 » Mon Jan 27, 2014 2:50 pm

Bedsole wrote:
rad lulz wrote:
Winston1984 wrote:Iowa for free with no ties? Thanks for doing this thread.

Do you have any reason to want to work in Iowa?

If you can't think of one cogent, concrete reason, don't bother.

My thoughts exactly. Be damn ready to answer "Why Iowa?" in interviews.


I definitely get that, but explaining a full-ride plus stipend wouldn't be helpful? Possible to demonstrate willingness to work there through spending summers there/being involved in the community?

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BlueLotus
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Re: ITT: Practicing attorneys tell you your top choice is bad

Postby BlueLotus » Mon Jan 27, 2014 2:51 pm

Temple for free (+ lives with parents) for someone who wants to work in Legal Aid/PD in southeastern PA

timbs4339
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Re: ITT: Practicing attorneys tell you your top choice is bad

Postby timbs4339 » Mon Jan 27, 2014 2:52 pm

jk148706 wrote:
timbs4339 wrote: Any UG debt?


A few thousand but less than 10k


You're probably looking at around 200K or a little more when all is said and done. It's at the extreme high end of what I'd pay, but I might still pull the trigger on that. All a matter of personal preference, but if you have stars in your eyes about living life like Harvey Specter, your living situation in law school will be more comparable to what it's actually like as a junior.

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Winston1984
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Re: ITT: Practicing attorneys tell you your top choice is bad

Postby Winston1984 » Mon Jan 27, 2014 2:53 pm

worldtraveler wrote:
Winston1984 wrote:Iowa for free with no ties? Thanks for doing this thread.


Do you really want to live in Iowa?


Not necessarily, but a full ride is tempting. I understand I would most likely be doing small law in Iowa post graduation. I just want to know if employers would just shut me out because of lack of ties to what I assume is a parochial market.

timbs4339
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Re: ITT: Practicing attorneys tell you your top choice is bad

Postby timbs4339 » Mon Jan 27, 2014 2:53 pm

BlueLotus wrote:Temple for free (+ lives with parents) for someone who wants to work in Legal Aid/PD in southeastern PA


Sure, seems like a reasonable goal.

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jk148706
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Re: ITT: Practicing attorneys tell you your top choice is bad

Postby jk148706 » Mon Jan 27, 2014 2:55 pm

timbs4339 wrote:
jk148706 wrote:
timbs4339 wrote: Any UG debt?


A few thousand but less than 10k


You're probably looking at around 200K or a little more when all is said and done. It's at the extreme high end of what I'd pay, but I might still pull the trigger on that. All a matter of personal preference, but if you have stars in your eyes about living life like Harvey Specter, your living situation in law school will be more comparable to what it's actually like as a junior.


What it's actually like in the first five-10 yearsish after school I'm guessing? Hoping it could improve a bit down the road, though I have no stars or dreams of living like Harvey Spector.

Edit: just noticed the "as a junior" line
Last edited by jk148706 on Mon Jan 27, 2014 2:56 pm, edited 1 time in total.

rad lulz
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Re: ITT: Practicing attorneys tell you your top choice is bad

Postby rad lulz » Mon Jan 27, 2014 2:56 pm

m
Last edited by rad lulz on Thu Sep 08, 2016 11:29 pm, edited 1 time in total.

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Re: ITT: Practicing attorneys tell you your top choice is bad

Postby rad lulz » Mon Jan 27, 2014 2:57 pm

timbs4339 wrote:
BlueLotus wrote:Temple for free (+ lives with parents) for someone who wants to work in Legal Aid/PD in southeastern PA


Sure, seems like a reasonable goal.

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Re: ITT: Practicing attorneys tell you your top choice is bad

Postby timbs4339 » Mon Jan 27, 2014 2:58 pm

jk148706 wrote:
timbs4339 wrote:
jk148706 wrote:
timbs4339 wrote: Any UG debt?


A few thousand but less than 10k


You're probably looking at around 200K or a little more when all is said and done. It's at the extreme high end of what I'd pay, but I might still pull the trigger on that. All a matter of personal preference, but if you have stars in your eyes about living life like Harvey Specter, your living situation in law school will be more comparable to what it's actually like as a junior.


What it's actually like in the first five-10 yearsish after school I'm guessing? Hoping it could improve a bit down the road, though I have no stars or dreams of living like Harvey Spector


It gets better as your income rises and the debt gets paid off. Based on what I've seen it's easy to have an upper-middle class life about midlevel time. But most of my friends who took out bigdebt and are working as second years are living essentially the same lifestyle as they were in law school, partly because of the debt, and partly because they are working so much that it makes no sense to plan a nice vacation or get a bigger roach-free apartment.

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jk148706
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Re: ITT: Practicing attorneys tell you your top choice is bad

Postby jk148706 » Mon Jan 27, 2014 3:00 pm

timbs4339 wrote:It gets better as your income rises and the debt gets paid off. Based on what I've seen it's easy to have an upper-middle class life about midlevel time. But most of my friends who took out bigdebt and are working as second years are living essentially the same lifestyle as they were in law school, partly because of the debt, and partly because they are working so much that it makes no sense to invest in a nicer apartment or vacations.


Right. I understand this and would be going I with eyes wide open. I'm hoping some t14 gets crazy and throws me some money, just preparing for no scholly.

Thanks for the advice, much appreciated

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Dr. Review
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Re: ITT: Practicing attorneys tell you your top choice is bad

Postby Dr. Review » Mon Jan 27, 2014 3:01 pm

rad lulz wrote:
Winston1984 wrote:
worldtraveler wrote:
Winston1984 wrote:Iowa for free with no ties? Thanks for doing this thread.


Do you really want to live in Iowa?


Not necessarily, but a full ride is tempting. I understand I would most likely be doing small law in Iowa post graduation. I just want to know if employers would just shut me out because of lack of ties to what I assume is a parochial market.

If the best thing you can say about Iowa is that you got a full ride to the law school there, don't bother.

Truth. I went to a school in a market where I had no ties, and some employers bought into my spiel about liking Pittsburgh after visiting/research, others were still skeptical that I was a flight risk (I confirmed a rejection for this reason after CB in Pittsburgh through a contact). I would not go into an interview with "because it was free" as your reason to attend/move. (As an aside, I ended up leaving Pittsburgh after receiving an offer to work full time in Pittsburgh. Turns out I was a flight risk.)

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AT9
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Re: ITT: Practicing attorneys tell you your top choice is bad

Postby AT9 » Mon Jan 27, 2014 3:11 pm

AT9 wrote:Sweet thread.

Goals: practice in an area of interest to me; don't care much what form of employment it takes (most interested in land use law).
Ties: strongest ties scattered across southeast and Midwest.
Other: wife will be working while I'm in school, so COL will hopefully be covered/mostly covered.

Got a near full tuition scholly from Wake Forest (less than $10k tuition/fees total), no stips. How much would you need from Vandy, Emory, and WUSTL to pass up the WF offer?


This thread is moving fast and I think my question got passed over, so posting again (sorry). Any input?

gimmedanger
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Re: ITT: Practicing attorneys tell you your top choice is bad

Postby gimmedanger » Mon Jan 27, 2014 3:12 pm

goal: Mid-level firm work/government

CU for free
lower t14 with some aid. (accepted to NYU and Northwestern so far)

I'm from Colorado, and would be happy to stay there to work and live after school. However, I wonder if going to a lower ranked school would be detrimental?

I'm still waiting on money info from the other schools I've been accepted to, but wondering if leaving Colorado if ultimately I want to work there is wise.

phireblast
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Re: ITT: Practicing attorneys tell you your top choice is bad

Postby phireblast » Mon Jan 27, 2014 3:17 pm

Florida State U with in-state + 10k/year no stips.
Government or firms of any size for me.

Am perfectly fine staying in Florida.
Thoughts?

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deadpanic
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Re: ITT: Practicing attorneys tell you your top choice is bad

Postby deadpanic » Mon Jan 27, 2014 3:21 pm

AT9 wrote:
AT9 wrote:Sweet thread.

Goals: practice in an area of interest to me; don't care much what form of employment it takes (most interested in land use law).
Ties: strongest ties scattered across southeast and Midwest.
Other: wife will be working while I'm in school, so COL will hopefully be covered/mostly covered.

Got a near full tuition scholly from Wake Forest (less than $10k tuition/fees total), no stips. How much would you need from Vandy, Emory, and WUSTL to pass up the WF offer?


This thread is moving fast and I think my question got passed over, so posting again (sorry). Any input?


Practicing attorney in the South checking in.

WF is not a bad deal, but the problem becomes if you graduate at median or below, you are in a really bad spot to get a legal job period. NC is saturated from what I can tell.

The general consensus for Vandy seems to be keeping the total COA around 100k. WUSTL seems to give out a lot of free rides and if you happen to snag that, that may be the best option if you prefer the Midwest to the South. I don't think Emory is going to be worth it over Vandy in this situation, but I could be wrong. I would say Emory may be worth attending for around 75K, but in that situation I would pick Vandy for 100K for better prospects...if that is an option of course.

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worldtraveler
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Re: ITT: Practicing attorneys tell you your top choice is bad

Postby worldtraveler » Mon Jan 27, 2014 3:21 pm

Winston1984 wrote:
worldtraveler wrote:
Winston1984 wrote:Iowa for free with no ties? Thanks for doing this thread.


Do you really want to live in Iowa?


Not necessarily, but a full ride is tempting. I understand I would most likely be doing small law in Iowa post graduation. I just want to know if employers would just shut me out because of lack of ties to what I assume is a parochial market.



Speaking as a native Iowan, they would. If you weren't born and raised there it would be tough unless you're from a neighboring state.

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Dr. Review
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Re: ITT: Practicing attorneys tell you your top choice is bad

Postby Dr. Review » Mon Jan 27, 2014 3:23 pm

AT9 wrote:
AT9 wrote:Sweet thread.

Goals: practice in an area of interest to me; don't care much what form of employment it takes (most interested in land use law).
Ties: strongest ties scattered across southeast and Midwest.
Other: wife will be working while I'm in school, so COL will hopefully be covered/mostly covered.

Got a near full tuition scholly from Wake Forest (less than $10k tuition/fees total), no stips. How much would you need from Vandy, Emory, and WUSTL to pass up the WF offer?


This thread is moving fast and I think my question got passed over, so posting again (sorry). Any input?

I'd say take the lowest COA unless they are within $10k of one another, and then pick the market you like the most (Winston-Salem is kind of a shithole, but I like Raleigh and Charlotte). Although biglaw might be a little less likely at Wake than some others.

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worldtraveler
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Re: ITT: Practicing attorneys tell you your top choice is bad

Postby worldtraveler » Mon Jan 27, 2014 3:26 pm

Bedsole wrote:
AT9 wrote:
AT9 wrote:Sweet thread.

Goals: practice in an area of interest to me; don't care much what form of employment it takes (most interested in land use law).
Ties: strongest ties scattered across southeast and Midwest.
Other: wife will be working while I'm in school, so COL will hopefully be covered/mostly covered.

Got a near full tuition scholly from Wake Forest (less than $10k tuition/fees total), no stips. How much would you need from Vandy, Emory, and WUSTL to pass up the WF offer?


This thread is moving fast and I think my question got passed over, so posting again (sorry). Any input?

I'd say take the lowest COA unless they are within $10k of one another, and then pick the market you like the most (Winston-Salem is kind of a shithole, but I like Raleigh and Charlotte). Although biglaw might be a little less likely at Wake than some others.


I would take Wake unless you get an almost equal or better offer from the other schools. You're graduating almost debt free and in a region you like. Sounds good.

redsoxfan1989
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Re: ITT: Practicing attorneys tell you your top choice is bad

Postby redsoxfan1989 » Mon Jan 27, 2014 3:28 pm

BU for 15k for a year's cost of attendance or Michigan for 55k for a year's cost of attendance.


Currently a Boston resident and can live rent-free in Boston if I stay here. I would prefer to work in Boston, preferably BigLaw.

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Dr. Review
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Re: ITT: Practicing attorneys tell you your top choice is bad

Postby Dr. Review » Mon Jan 27, 2014 3:38 pm

redsoxfan1989 wrote:BU for 15k for a year's cost of attendance or Michigan for 55k for a year's cost of attendance.


Currently a Boston resident and can live rent-free in Boston if I stay here. I would prefer to work in Boston, preferably BigLaw.

I would be more inclined to take Michigan at 165 total than BU for 45k total if you are looking for biglaw, since a shade under half of M grads get biglaw, compared to closer to 1/4 at BU.

rad lulz
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Re: ITT: Practicing attorneys tell you your top choice is bad

Postby rad lulz » Mon Jan 27, 2014 3:38 pm

redsoxfan1989 wrote:BU for 15k for a year's cost of attendance or Michigan for 55k for a year's cost of attendance.


Currently a Boston resident and can live rent-free in Boston if I stay here. I would prefer to work in Boston, preferably BigLaw.

I'd probs do BC but biglaw is unlikely

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Re: ITT: Practicing attorneys tell you your top choice is bad

Postby rad lulz » Mon Jan 27, 2014 3:39 pm

m
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