GATORTIM wrote:
Dignan wrote:
What I am worried about, and what I think most other people are worried about, is the tough job market after law school. There is some reason to have a less-than-optimistic outlook about finding good jobs after law school.
The job market will be tough regardless of your decision to attend LS or not. Your JD will last a lifetime and the economic downturn, in all likelihood, will not. If your intent is to wait until the economy gets better until you take on debt to further your education, then so be it, but the opportunity costs associated with delay coupled with the possibility that you may never go could outweigh your short-term struggle to repay your debt.
Yes $100k is a lot of money, but so is any major purchase in life and I choose to believe that an investment in myself will yield the greatest ROI. I have no qualms delaying the purchase of a home or a high-end auto in order to finance my legal career. $1,000/month (repayment of debt), IS NOT that much money if the rest of your finances are in order when you exit LS.
I think the main issue is not the expense of law school so much as it is the disparity between unrealistic expectations versus reality. Yes, it will be a struggle to secure a six-figure income practicing law, but what in the hell is easy nowadays?
Those that come to TLS to bash your plan of attending LS would probably be living in their parents basement regardless of their chosen occupation. Trust me, these people did not wake up one morning with the intention to crusade for our collective financial future by signing up for a TLS acct and posting gloomy stats and BS rants. You would be hard-pressed to find ANY career that is easily attainable or where those at the top did not make some type of significant sacrifice to control their destiny.
If you really want to practice law and have the enthusiasm and motivation to succeed, go for it! However, it is important that you realize that law (like 99% of everything else worth a shit) will be hard work.
Good Luck to all!!
Well said. I went $40K into debt between my BA and MA for a degree much MUCH less thought of careerwise than a JD. Best investment I ever made. Without it, I'm an AA, maybe $40K a year. With it - and years of climbing/performing/working - I have a very solid career/salary/level.
The key is - and unfortunately, this is the part that can't be bought - to be good at what you do. You can work really hard, but if you're not good, it may not pay off anyway. But if you're good, doesn't matter the field - they may be laying off computer programmers, but if you're among the best in the field, you'll have work. Firms just laid off a bunch of lawyers - do you think they laid off the best ones?
As odd as it may sound, truly good employees are hard to find - good attitude, work ethic, abilities, and that little something that bridges the gap between ability/personality/ability to deal with clients, as well as reliability, trust worthiness, then there's inventiveness, ability to come up with new ideas, have a vision... if you have all of these things, they'll pay off eventually, even if you start out in some different direction. I got where I am taking a temp job meant to last a month.