JohannDeMann wrote:HuntedUnicorn wrote:JohannDeMann wrote:If people want to pull the lst data from Chicago TTTs I'll discuss my anecdotes against them anytime. You're not going to get rich. I've never claimed that. But for the people that really really want it, I still have yet to see a failure by the way TLS talks i.e. Never gets a job lives in basement/only does doc review forever. Upper middle class is 60k paired with another 60k income in case you didn't know.
And yeah i was a hustler while in law school and somewhat social so I def met and know at least that number throughout 3-5 years.
According to this: https://www.lstreports.com/schools/john ... l-chicago/
11.2% of 1Ls fail out of John Marshall
1/4 to 1/3 of those that do graduate every year are underemployed
and they don't provide salary data so read into that what you will.
I didn't think about immigration but yeah if you're bilingual and that's something you're passionate about it might be a viable path too. But that just cycles back to the larger point which is that the lower down the rankings you go the more you really need to know what you want to get out of law school to justify the risk.
Strongly agree with the last sentence. And yeah of course those stats are accurate. I'd estimate 30-50% of the people I graduated with were underemployed and barely employed even a year later. The next year saw a lot of decent moves though. At the end of 1 year my wife was making $15/hour part time for 2 different guys. After a year and some experience, she negotiated 25/hr from those guys and got full time work and found a side hustle that paid 50/hour for in court. Went from earning like sub 30k to 60k. The job I quit after a year (which was making 35k), I turned down 45k and got my friend the job who was doing doc review. After a few months in the job she leveraged up to get a job at the states attorneys making 55k (dog shit pay raises so she'll make that foreve) but with pslf and unlimited job security and a 35 hour work week. Also pension. Other friends doing the doc review cycle decided to go into compliance at a big bank and then like 5 of my friends followed suit to do compliance work for like 60k. Few years later and they're climbing to 100k. Overall a year out most were struggling. Lot of salaries literally doubled that 2nd year. 5 years later, not most, but a lot are over 6 figures. Most are over 75k. These are investments over a career which I think a lot of people forget. And these would be the failures according to tls standards. Got several friends who are midlaw and biglaw still killing it years later. Lot of the small law guys learned the ropes in shitlaw for 2 years and went solo. The solos are absolutely killing it. 30 hour work weeks. 6 figures. And now their big cases that they've been sitting in the pipe since they started are starting to materialize.
Yes it's tough. But if you don't fucking give up like tls wants you too, you can get clients. I had a couple clients within a year of graduating. Wife had multiple clients a couple years out.
If this is true then your sample is either completely out of whack with the median experience in the country or you're only selectively thinking about the ones that made it big or the people you know at solo shops are fucking lying to you.
http://www.businessinsider.com/middle-c ... eed-2015-6
By 2012, solo practitioners had seen their incomes fall to $49,130, a 34% decrease, while partners earned $349,000, a 100% increase.
$49,130 is not the starting salary for solo practitioners. It is the average income of all 354,000 lawyers who filed as solo practitioners in 2012, including those who have practiced law their whole lives.
By comparison, the average starting salary of a 2012 college graduate was $44,000 and the median household income in the U.S. was over $51,000 that year.
I mean I'm not saying that going to a John Marshal or a DePaul is necessarily doom or gloom, but I think you're not really putting yourself in a better position than you would be pursuing other careers. This is a response to your more recent post too. I think that spending 3 years working in some other field and making money/climbing up the corporate ladder/gaining experience is a better use of time than rushing to law school. If you're smart enough to work your way up in the legal field in the ways you describe above, you're smart enough to do the same thing in corporate America and you get a three year head start. And law school will always be waiting for you if that's what you want to pursue.