Forbes List Best Law Schools For Getting Rich

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Malcolm8X
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Re: Forbes List Best Law Schools For Getting Rich

Postby Malcolm8X » Tue Mar 08, 2011 9:54 pm

rose711 wrote:So how many years were people working to get to those salaries - 20 years?
And how many of those years were pre-ITE - though the senior lawyers didn't take a salary hit like the associates did , so maybe ITE isn't relevant?
Wonder what the debt load of those people were?


Here comes the Doom-and-gloomologist to opine with their skepticism..

terrybhs06
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Re: Forbes List Best Law Schools For Getting Rich

Postby terrybhs06 » Tue Mar 08, 2011 9:54 pm

lol at ppl taking this super seriously. This data comes from self-reported payscale data. Cute to look at but by no means definitive.

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OGR3
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Re: Forbes List Best Law Schools For Getting Rich

Postby OGR3 » Tue Mar 08, 2011 9:58 pm

Where's Pitt?

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llamaman
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Re: Forbes List Best Law Schools For Getting Rich

Postby llamaman » Tue Mar 08, 2011 10:01 pm

kwais wrote:what's a compenent?


+1

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mottainai
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Re: Forbes List Best Law Schools For Getting Rich

Postby mottainai » Tue Mar 08, 2011 10:21 pm

drmguy wrote:A few people are surprised about Georgia but the major outliers here seem to be Santa Clara and Rutgers-Camden. No surprise there?

+1

frijoles99
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Re: Forbes List Best Law Schools For Getting Rich

Postby frijoles99 » Tue Mar 08, 2011 10:29 pm

Holy shit I was just accepted to BU. Does this mean I'll be rich? lol

fetalposition
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Re: Forbes List Best Law Schools For Getting Rich

Postby fetalposition » Tue Mar 08, 2011 10:32 pm

Has anyone figured out how BU is ranked #5 and BC isn't even on the list? Smells like bullshit to me.

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mottainai
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Re: Forbes List Best Law Schools For Getting Rich

Postby mottainai » Tue Mar 08, 2011 10:33 pm

frijoles99 wrote:Holy shit I was just accepted to BU. Does this mean I'll be rich? lol


Everyone knows that anyone making under $250,000 is just scraping by, not rich.

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Lwoods
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Re: Forbes List Best Law Schools For Getting Rich

Postby Lwoods » Tue Mar 08, 2011 10:33 pm

mottainai wrote:
drmguy wrote:A few people are surprised about Georgia but the major outliers here seem to be Santa Clara and Rutgers-Camden. No surprise there?

+1


Nah; those are both near high paying major legal markets.

Miracle
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Re: Forbes List Best Law Schools For Getting Rich

Postby Miracle » Tue Mar 08, 2011 10:38 pm

Michigan-19th?

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Drake014
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Re: Forbes List Best Law Schools For Getting Rich

Postby Drake014 » Tue Mar 08, 2011 10:44 pm

terrybhs06 wrote:lol at ppl taking this super seriously. This data comes from self-reported payscale data. Cute to look at but by no means definitive.


I'd actually say that the biggest problem with this data is the group its centered on. 45 year olds? So, people who've been practicing for 20 years... people who started their careers in a completely different legal market. What would be useful is a crystal ball that can tell me what this chart will look like in 20 years.

Korey
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Re: Forbes List Best Law Schools For Getting Rich

Postby Korey » Tue Mar 08, 2011 10:45 pm

why isn't yale on this list? lol.

*EDIT: nvm. saw it was tied for 33rd. still surprising.

Sandro
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Re: Forbes List Best Law Schools For Getting Rich

Postby Sandro » Tue Mar 08, 2011 11:00 pm

drmguy wrote:A few people are surprised about Georgia but the major outliers here seem to be Santa Clara and Rutgers-Camden. No surprise there?


GSU is relatively new. And its in Atlanta compared to the bigger markets that Rutgers/Santa Clara feed in to . I dunno.

TOMaHULK
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Re: Forbes List Best Law Schools For Getting Rich

Postby TOMaHULK » Tue Mar 08, 2011 11:04 pm

kwais wrote:what's a compenent?


I see what you did there... :cry:

2011Law
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Re: Forbes List Best Law Schools For Getting Rich

Postby 2011Law » Tue Mar 08, 2011 11:13 pm

Am I the only one really astounded by Santa Clara University tying Georgetown at 13? WTF?

Also, GWU behind American? WTF?

theghostofDrewTate
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Re: Forbes List Best Law Schools For Getting Rich

Postby theghostofDrewTate » Wed Mar 09, 2011 2:37 am

terrybhs06 wrote:lol at ppl taking this super seriously. This data comes from self-reported payscale data. Cute to look at but by no means definitive.


Amen. If I were to conduct a survey of guys in their mid-40's I know who are Harvard grads, average comp would be ballpark $2 million, but that's also a skewed sample. Those guys aren't slumming around some TTT website like payscale bragging about making first or second year associate comp.

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niederbomb
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Re: Forbes List Best Law Schools For Getting Rich

Postby niederbomb » Wed Mar 09, 2011 4:28 am

Drake014 wrote:
terrybhs06 wrote:lol at ppl taking this super seriously. This data comes from self-reported payscale data. Cute to look at but by no means definitive.


I'd actually say that the biggest problem with this data is the group its centered on. 45 year olds? So, people who've been practicing for 20 years... people who started their careers in a completely different legal market. What would be useful is a crystal ball that can tell me what this chart will look like in 20 years.


Mid career success does not exist in isolation but typically requires early success (getting on an upward trajectory right out of law school) as a prerequisite.

Every one of these mid career professionals went to law school in a vastly different era.

For those just beginning law school, you have to look 20 years into the future, a future where law schools currently struggling with Big Law or clerkship placement (hello Michigan) will not fare very well.

To put it bluntly, any school located in either the Midwest (- maybe Chicago) or California is probably not going to be on the 2041 version of this list.

Stanford places well because of Silicon Valley. The "Silicon Valley" of the future is in...Shenzhen China.

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niederbomb
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Re: Forbes List Best Law Schools For Getting Rich

Postby niederbomb » Wed Mar 09, 2011 4:34 am

I've just consulted the Oracle. Here is the 2044 "top law schools for getting rich"

1. Harvard
2. Yale
3. Columbia
4. Duke
5. University of Virginia
6. NYU
7. University of Pennsylvania
8. Vanderbilt
9. University of Texas, Austin
10. Emory

Watch as the South rises...and the elites get more elite.
Last edited by niederbomb on Wed Mar 09, 2011 4:43 am, edited 1 time in total.

1234543523

Re: Forbes List Best Law Schools For Getting Rich

Postby 1234543523 » Wed Mar 09, 2011 4:41 am

fetalposition wrote:Has anyone figured out how BU is ranked #5 and BC isn't even on the list? Smells like bullshit to me.


The article describes its statistical source.

FiveSermon
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Re: Forbes List Best Law Schools For Getting Rich

Postby FiveSermon » Wed Mar 09, 2011 5:04 am

BU has always come up higher than BC when talking about the top top firms. Not sure why.

DreamShake
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Re: Forbes List Best Law Schools For Getting Rich

Postby DreamShake » Wed Mar 09, 2011 5:37 am

niederbomb wrote:To put it bluntly, any school located in either the Midwest (- maybe Chicago) or California is probably not going to be on the 2041 version of this list.

Stanford places well because of Silicon Valley. The "Silicon Valley" of the future is in...Shenzhen China.


The state of CA has one of the 10 largest economies in the world; it might not be so relatively huge in 30 years, but it's still going to be huge. If it's not...well, it probably won't matter where you went to school if you're still in the USA.

TA923
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Re: Forbes List Best Law Schools For Getting Rich

Postby TA923 » Wed Mar 09, 2011 10:30 am

theghostofDrewTate wrote:
terrybhs06 wrote:lol at ppl taking this super seriously. This data comes from self-reported payscale data. Cute to look at but by no means definitive.


Amen. If I were to conduct a survey of guys in their mid-40's I know who are Harvard grads, average comp would be ballpark $2 million, but that's also a skewed sample. Those guys aren't slumming around some TTT website like payscale bragging about making first or second year associate comp.


Your argument on self-reporting is non-responsive to the fact that Yale is #33. Why didn't those guys show up?

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Wholigan
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Re: Forbes List Best Law Schools For Getting Rich

Postby Wholigan » Wed Mar 09, 2011 1:54 pm

Lwoods wrote:
mottainai wrote:
drmguy wrote:A few people are surprised about Georgia but the major outliers here seem to be Santa Clara and Rutgers-Camden. No surprise there?

+1


Nah; those are both near high paying major legal markets.


Can't just be that. Where are all the T2 Chicago and NYC-area schools?

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jtemp320
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Re: Forbes List Best Law Schools For Getting Rich

Postby jtemp320 » Wed Mar 09, 2011 2:02 pm

1. Stanford
1. HBS
3. Sloan
4. Kellog
5. Booth
5. Wharton
7. Tuck
7. Haas...

oh wait I 'm confused I thought we were talking about getting rich not law schools ... :wink:

:lol:

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rman1201
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Re: Forbes List Best Law Schools For Getting Rich

Postby rman1201 » Wed Mar 09, 2011 2:07 pm

Sent in my BU seat deposit after reading this.




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