I crunched some numbers today with the data that was sent out about employment from Mike Spivey. Those numbers were based on 65% of the class reporting. (147 out of about 226) In order to get my numbers I'm assuming that everyone who did not respond must have either been unemployed/below the reported salaries that I'm looking at. It would also assume that anyone in public interest or government positions would not be making more than around 75,000 which may also not be correct. I basically just broke the numbers down for the worst case scenario.
65% of those reporting went into private practice. This gives us about 95.5 people total from the class. Of those the top quartile made 160,000. This means atleast 24 people, or about 10.6% were able to get biglaw in markets such as Chicago or New York that pay that rate.
At the median of those in private practice there was a salary of 152,000. About another 24 people were able to get those jobs. This means the top 21.6 percent of the class were able to bring in that much money.
At the 25th percentile they reported a salary of greater than 75,000. I assume if it was much greater they would have said so, so I will just go with that number. Once again another 24 of those going into private practice would make that much and that would mean the top 32.2% would be making atleast 75,000.
Another disclaimer here is that 26 students secured judicial clerkships. If you assume that all of these students would have been able to get biglaw, which may not necessarily be true, then that is another 11.5% of the class that would have been able to secure a high paying job. If you add that percentage to those who can earn atleast that median salary you would have about 33.1% of students with the ability to get biglaw paying 150k plus, which is pretty impressive. I would be interested to know how many actually secured biglaw in secondary markets like St. Louis which would pay in between that 150-160k and the 75k for the 25th percentile, however statistically it doesn't look like it would be a huge number.
These numbers are about what I expected to find based on earlier estimates I've seen. Also, hopefully of those 35% who are not reporting, some are gainfully employed and just didn't report it which would make these results look better. None of this will be that groundbreaking but I thought some of you guys might be interested on some stats based on real numbers that aren't fudged (I actually did my best to fudge them the opposite way) as opposed to estimates or guesses.
Edit: Another flaw I just thought of. Some of those going into government and public interest positions definitely had the grades for biglaw. That would add to the percentage of students able to secure those jobs, but I don't have any data to give any sort of reliable figure on that.