whysooseriousbiglaw wrote:wiz wrote:whysooseriousbiglaw wrote:haus wrote:wiz wrote:whysooseriousbiglaw wrote:How? I've calculated pensions because I thought about going from law to cop/teaching and pensions are worth like 1 to 2 million, at least. Upstate NY cops make six figures in addition to having pensions.....
Unionized construction workers in NYC make six figures. My unionized janitor is going to have a pension.
People really overlook certain fields because of the supposed low base pay, but in reality we're the dumb ones for not figuring out how much pensions are worth.
Are pensions really that much better than matching 401(k)s? I'm not convinced that a small but steady gov pension will outpace a strong 401(k) match.
My current employer offers both a pension (each year of service is worth 1% of of you average salary during the highest paid three year stretch) and 401k with matching (1% given regardless of participation and full matching for 10%).
If I opt to make a career here I suspect that the 401k will be more valuable, but it will depend on factors that are out of my control. Having a fixed pension is a comfort, one that I will have to consider should an outside offer cross my path.
Government? That should be the holy grail for law students....no idea why most want biglaw. It's truly awful and life sucking.
Tbf, a lot of law students do want government or at least to get gov after doing a stint in biglaw to pay off debt.
Also, the average law student doesn't understand shit about basic financial/business concepts and are drawn like moths to the flame of the $180,000 shit benefits base.
It is unfortunately hard as fuck to get government after biglaw since they get like 4k applications for one spot, all from biglawyers. It's probably easier to get honors program and start in fed gov straight out since fewer people apply.
And yes, pen$$$ion + reasonable salary and QOL are way more important than higher base salary + wanting to die. Plus fed gov attorneys end up making low six figs anyway....
It's not hard at all. People from my firm/group go BigLaw --> BigFed all the time. I might do it to in a few years.
Again, you probably never worked in BigLaw or BigFed, but it's nowhere near as difficult as you make it seem. I don't get using this thread to go on another one of your miserable anti-law crusades. Plenty of other places to spew that garbage