DoubleChecks wrote:lulwut? if you factor in bonuses, thats like what, a 3rd yr at a biglaw firm? you're saying making the money of a 3rd yr at a biglaw firm is not reasonable or practical coming out of HYSCCN?
second, i never said extended period of time, but lets assume that anyways -- if you make a transition to in-house your 4th or 5th yr, whatevs, you'll take a pay hit. nevertheless, this varies GREATLY from firm to firm, and you'll have to keep a mind, a lot of the money goes into stock options now. you might now experience 5 yrs where you dont crack 200k...but that doesnt mean in-house lawyers coming from top firms never crack 200k again...in fact, id imagine many of them do.
other ones that might go into other more lucrative jobs; some might even start their own small firms or lateral into a mid -- these can also easily pay over 200k (with some having an even greater upside, though larger pay day = larger risk), etc. you might experience a dip in your early-mid 30s depending on your lifestyle/work choices coming out of a top law firm, but you would have hit 200k+ before and it is quite reasonable/practical to expect yourself to hit it again
Exactly, the only job that REGULARLY hits 200k+ is biglaw and almost everyone is out of biglaw within a few years. Almost every in house position will take a significant pay cut. You are right that if you work for Skadden and jump to Goldman Sachs this may not be the case, but for the vast majority of people who jump from nlj/vault firms to in house positions they will take a significant pay cut, often cutting their pay in half. Once you hit in house promotions and pay increases aren't guaranteed like they are in biglaw and you may never hit that much again. Some do, but some don't. And again, of course they can make that much with their own firm or lateraling into a smaller firm, but that is a gamble that isn't guaranteed.
The point being that if 75% of HYSCCN get biglaw, there aren't enough lucrative jobs post biglaw for them all to make that much again. We can speculate about how many that is, but my guess would be somewhere around 50% of those from HYSCCN are making that much late in their legal careers. Of course this excludes those who jump to other things and some willfully will make less doing something else. And this of course will be skewed to the top schools. I really don't think it is reasonable to expect to make that much. I think it might be very possible and a lot will, but a lot won't. There simply aren't enough jobs and of course going to HYSCCN doesn't mean you will be a succesful lawyer either.