Class of 2016 Employment Statistics by School

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Rigo

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Re: Class of 2016 Employment Statistics by School

Postby Rigo » Fri Apr 07, 2017 7:27 pm

jbagelboy wrote:
luckyirish13 wrote:This interests me, and I really should know more about it. (If this is the wrong thread to ask let me know and I'll move it, but since we're on the topic I have some questions)
It appears that a Federal Clerkship opens the door to basically any legal job you want afterwards. Proletariate says it's "so damn valuable". How exactly is it so valuable and what does it lead to? Just Biglaw? Anything else?
Also why would one take a Federal Clerkship rather than Biglaw if Biglaw is their ultimate goal?
If someone does not intend to take Biglaw, is there still a value to a federal clerkship?
A Clerkship is not covered by an LRAP right? Yale's COAP or Harvard's LIPP might cover it, but otherwise you'll be eating the cost of your student loans during the duration of your clerkship right?

COAP and LIPP do not cover clerkships.

Clerkships being covered varies by school.
https://docs.google.com/spreadsheets/d/ ... Y/htmlview

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Po$eidon

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Re: Class of 2016 Employment Statistics by School

Postby Po$eidon » Fri Apr 07, 2017 7:34 pm

kingpin101 wrote:
Po$eidon wrote:Am I the only one sitting here like "great numbers!!! Hope they stay like that in 3 years after an unstable hurricane of an executive has had a few years to mangle the country's finances!!"

Is this how the class of 2009 in 2006 felt?

We're do for another recession pretty soon, so I feel like current 0L's should be prepared.


I've been thinking this a lot lately - markets tend to get hot before they get not

kingpin101

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Re: Class of 2016 Employment Statistics by School

Postby kingpin101 » Fri Apr 07, 2017 7:40 pm

Po$eidon wrote:
kingpin101 wrote:
Po$eidon wrote:Am I the only one sitting here like "great numbers!!! Hope they stay like that in 3 years after an unstable hurricane of an executive has had a few years to mangle the country's finances!!"

Is this how the class of 2009 in 2006 felt?

We're do for another recession pretty soon, so I feel like current 0L's should be prepared.


I've been thinking this a lot lately - markets tend to get hot before they get not

Yeah there was an ATL article where the past two recessions were both immediately preceded by pay raises.

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Tiago Splitter

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Re: Class of 2016 Employment Statistics by School

Postby Tiago Splitter » Fri Apr 07, 2017 7:45 pm

This data is in line with what we've seen most years for a decade or more, the entirety of which involved mangled government finances. You're not going to be able to time it by waiting. If it makes you feel any better the absolute nadir of biglaw hiring was only down about 15-20% from the more typical years we've seen recently, which is pretty good considering the depth of the recession. This profession moves at a glacial pace.

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Po$eidon

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Re: Class of 2016 Employment Statistics by School

Postby Po$eidon » Fri Apr 07, 2017 7:48 pm

kingpin101 wrote:
Po$eidon wrote:
kingpin101 wrote:
Po$eidon wrote:Am I the only one sitting here like "great numbers!!! Hope they stay like that in 3 years after an unstable hurricane of an executive has had a few years to mangle the country's finances!!"

Is this how the class of 2009 in 2006 felt?

We're do for another recession pretty soon, so I feel like current 0L's should be prepared.


I've been thinking this a lot lately - markets tend to get hot before they get not

Yeah there was an ATL article where the past two recessions were both immediately preceded by pay raises.



Every big recession in the past 100 years has had a comparatively large boom cycle before if my memory holds (20s to 30s, Reagan to GHWB, Clinton to early 2000s, GWB to 2009). The only possible exception is the Carter inflation crisis as I'm not too sure about the economic conditions directly prior.

registering

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Re: Class of 2016 Employment Statistics by School

Postby registering » Fri Apr 07, 2017 7:57 pm

I mean, we're kind of in low growth low inflation right now. It's not like the huge bubble right before housing collapsed in the mid '00s, or the late '90s dot com bubble.

Hikikomorist

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Re: Class of 2016 Employment Statistics by School

Postby Hikikomorist » Fri Apr 07, 2017 8:03 pm

registering wrote:I mean, we're kind of in low growth low inflation right now. It's not like the huge bubble right before housing collapsed in the mid '00s, or the late '90s dot com bubble.

Was there much growth involved in the housing bubble beyond the DJIA?

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jbagelboy

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Re: Class of 2016 Employment Statistics by School

Postby jbagelboy » Fri Apr 07, 2017 8:10 pm

Rigo wrote:
jbagelboy wrote:
luckyirish13 wrote:This interests me, and I really should know more about it. (If this is the wrong thread to ask let me know and I'll move it, but since we're on the topic I have some questions)
It appears that a Federal Clerkship opens the door to basically any legal job you want afterwards. Proletariate says it's "so damn valuable". How exactly is it so valuable and what does it lead to? Just Biglaw? Anything else?
Also why would one take a Federal Clerkship rather than Biglaw if Biglaw is their ultimate goal?
If someone does not intend to take Biglaw, is there still a value to a federal clerkship?
A Clerkship is not covered by an LRAP right? Yale's COAP or Harvard's LIPP might cover it, but otherwise you'll be eating the cost of your student loans during the duration of your clerkship right?

COAP and LIPP do not cover clerkships.

Clerkships being covered varies by school.
https://docs.google.com/spreadsheets/d/ ... Y/htmlview


Thanks for the doc. If you read the clerkships line, its actually substantially the same among all the top schools: clerkships qualify so long as you enter LRAP/LIPP/COAP-eligible employment after. So if you go back to a firm or any job paying over the threshold (which includes most fed gov't), your clerkship is not covered.

registering

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Re: Class of 2016 Employment Statistics by School

Postby registering » Fri Apr 07, 2017 8:14 pm

Hikikomorist wrote:
registering wrote:I mean, we're kind of in low growth low inflation right now. It's not like the huge bubble right before housing collapsed in the mid '00s, or the late '90s dot com bubble.

Was there much growth involved in the housing bubble beyond the DJIA?


It was at like 6-7% on an annual for awhile. The highest it's been in the recovery has been 5%? It's a pretty anemic recovery, and the market's already corrected a few times so it's not like it's just been a steady increase. The Dow was correcting pretty hard in late 2015 for instance.

loslakers

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Re: Class of 2016 Employment Statistics by School

Postby loslakers » Fri Apr 07, 2017 9:23 pm

http://law.wustl.edu/career_services/em ... y-2017.pdf

WUSTL is up HUGE jump to 45%. Don't know what they did but all schools below the t13 should do it.

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Re: Class of 2016 Employment Statistics by School

Postby Hikikomorist » Fri Apr 07, 2017 9:25 pm

loslakers wrote:http://law.wustl.edu/career_services/employmentdata/EmploymentSummary-2017.pdf

WUSTL is up HUGE jump to 45%. Don't know what they did but all schools below the t13 should do it.

Congrats to WashU!

cannibal ox

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Re: Class of 2016 Employment Statistics by School

Postby cannibal ox » Fri Apr 07, 2017 9:27 pm

WUSTL c/o 2016 has the smallest incoming class size compared to the 3 years before it, and the 3 years after it. They also handed out full-ride scholarships to anyone with a 166 LSAT score and a pulse.

The next year they increased the incoming class size by 43%, so it'll be interesting to see c/o 2017 numbers.

runinthefront

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Re: Class of 2016 Employment Statistics by School

Postby runinthefront » Fri Apr 07, 2017 9:29 pm

cannibal ox wrote:WUSTL c/o 2016 has the smallest incoming class size compared to the 3 years before it, and the 3 years after it. They also handed out full-ride scholarships to anyone with a 166 LSAT score and a pulse.

The next year they increased the incoming class size by 43%, so it'll be interesting to see c/o 2017 numbers.

The class of 2017 is 43% larger than 2016?
Last edited by runinthefront on Fri Jan 26, 2018 11:05 pm, edited 1 time in total.

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star fox

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Re: Class of 2016 Employment Statistics by School

Postby star fox » Fri Apr 07, 2017 9:30 pm

The good non-T14s stock is exploding.

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Re: Class of 2016 Employment Statistics by School

Postby favabeansoup » Fri Apr 07, 2017 9:31 pm

Hikikomorist wrote:
loslakers wrote:http://law.wustl.edu/career_services/employmentdata/EmploymentSummary-2017.pdf

WUSTL is up HUGE jump to 45%. Don't know what they did but all schools below the t13 should do it.

Congrats to WashU!


Wow big numbers. I think there has been a growing acceptance in this forum of not just advocating for T14. I've seen plenty of threads where a lot of us say a WashU or BC or other schools in the 35-40%+ biglaw/fed clerk range are good options if debt level is controlled enough.

From what I've seen, WashU has always been pretty generous with scholarships, especially with early admissions, so I'm glad to hear they are doing so well and people can find a good option there.

Rigo

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Re: Class of 2016 Employment Statistics by School

Postby Rigo » Fri Apr 07, 2017 9:31 pm

runinthefront wrote:
cannibal ox wrote:WUSTL c/o 2016 has the smallest incoming class size compared to the 3 years before it, and the 3 years after it. They also handed out full-ride scholarships to anyone with a 166 LSAT score and a pulse.

The next year they increased the incoming class size by 43%, so it'll be interesting to see c/o 2017 numbers.

The class of 2017 is 43% larger than 2016?

Haha yeah they really fucked up their yield. They were begging and throwing money at people to defer a year.

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OneHandedEconomist

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Re: Class of 2016 Employment Statistics by School

Postby OneHandedEconomist » Fri Apr 07, 2017 9:32 pm

favabeansoup wrote:
Hikikomorist wrote:
loslakers wrote:http://law.wustl.edu/career_services/employmentdata/EmploymentSummary-2017.pdf

WUSTL is up HUGE jump to 45%. Don't know what they did but all schools below the t13 should do it.

Congrats to WashU!


Wow big numbers. I think there has been a growing acceptance in this forum of not just advocating for T14. I've seen plenty of threads where a lot of us say a WashU or BC or other schools in the 35-40%+ biglaw/fed clerk range are good options if debt level is controlled enough.

From what I've seen, WashU has always been pretty generous with scholarships, especially with early admissions, so I'm glad to hear they are doing so well and people can find a good option there.


Props to WashU for doing what a good law school should do: offering big scholarships, and providing good job outcomes.

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Re: Class of 2016 Employment Statistics by School

Postby cannibal ox » Fri Apr 07, 2017 9:34 pm

Rigo wrote:
runinthefront wrote:
cannibal ox wrote:WUSTL c/o 2016 has the smallest incoming class size compared to the 3 years before it, and the 3 years after it. They also handed out full-ride scholarships to anyone with a 166 LSAT score and a pulse.

The next year they increased the incoming class size by 43%, so it'll be interesting to see c/o 2017 numbers.

The class of 2017 is 43% larger than 2016?

Haha yeah they really fucked up their yield. They were begging and throwing money at people to defer a year.


Yeah it was definitely not entirely on the school. More people applied, got accepted, and deposited than they anticipated. Direct result of all the money being thrown at the class year before. Class of 2018 got cut down, but not to the levels of the c/o 2016.

loslakers

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Re: Class of 2016 Employment Statistics by School

Postby loslakers » Fri Apr 07, 2017 9:42 pm

Don't know if this has been posted yet but UVA is up. http://www.law.virginia.edu/pdf/aba/2016employment.pdf 76.9%

curry1

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Re: Class of 2016 Employment Statistics by School

Postby curry1 » Fri Apr 07, 2017 10:05 pm

Don't know if anyone's mentioned this yet, but based off data provided by Uchicago's dean at asw, class of 2016 should have ~85% in fed clerk+ big law.

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star fox

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Re: Class of 2016 Employment Statistics by School

Postby star fox » Fri Apr 07, 2017 10:30 pm

I do remember all the class of 2016 from everywhere when they see 2Ls anectoding about how well people appeared to be doing at OCI.

kingpin101

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Re: Class of 2016 Employment Statistics by School

Postby kingpin101 » Fri Apr 07, 2017 10:31 pm

I wouldn't be surprised if the classes after 2016 stagnate in terms of FC+biglaw rates.

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bitter_melon

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Re: Class of 2016 Employment Statistics by School

Postby bitter_melon » Fri Apr 07, 2017 10:32 pm

Congrats WUSTL!!!!!!

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PeanutsNJam

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Re: Class of 2016 Employment Statistics by School

Postby PeanutsNJam » Fri Apr 07, 2017 10:55 pm

lol I wonder what jcougar has to say about Wustl now

C/O 2017 numbers might be back down to sub-40% yeah since class size shot up so much. My class so far seems to be doing well though, so C/O 2018 is looking decent.

RedPurpleBlue

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Re: Class of 2016 Employment Statistics by School

Postby RedPurpleBlue » Fri Apr 07, 2017 10:57 pm

PeanutsNJam wrote:lol I wonder what jcougar has to say about Wustl now

C/O 2017 numbers might be back down to sub-40% yeah since class sizes shot up so much. My class so far seems to be doing well though, so C/O 2018 is looking decent.


Probably that these numbers are temporary, because the C/O 2017 is 43% bigger than the C/O 2016.



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