yellowjacket2012 wrote:Much conversation relating to big law employment on this website or in the halls of law school, reflect the general pessimism of the lawyering profession. Its like the current set of nuts on CNBC or financial media in general who "sell sell sell" when the S&P broke 1000 last year.
Short-term, yes, you're screwed, big time - if you've got a ton of loans + big law was the goal. You'll have to manage your finances somehow, but you're a student, your lifestyle is what it is, you'll just stay that way - i.e. if you're miserable financially now, can't afford to replace that broken blender, you'll just stay as content as you are right now for some time. Long-term, who the hell knows. People who pretend like they know are nuts. They know nothing (Cramer).
Is it possible that "big law is forever changed" - yes, sure, this is possible, also possible that China will take over the world and American business will be forever changed.
Is it possible that there'll be another jobfest in American big law? Yes, sure, this is also possible. Just like its possible that in the next 10 years we'll see another housing or stock market festival where S&P breaks 2500 (which it will if stocks gain like 8% annually over the next 10 years). Just do your thing and in the end, it'll sort itself out, or it won't, but going around with a doomsday attitude about long-term prospects makes about as much sense as thinking you're set for life in '05 if you got a V10 offer.
OS is going to be fine, seems to have a healthy attitude about it all, can't say the same about many people in law school right now, but their emotions are justified (in the end, key word, its their emotions)
Get off your high horse and try to see where other people are coming from.
For the people that took out crazy loans to cover the even crazier cost of law school, striking out at OCI is not something that you just shrug off and "get over." Being 150-200K in debt without a big law job means having to pay at least half of your paycheck every month to loan payments for a decade or more, not being able to buy a house/condo, not having the financial freedom to start a family. Most law students are in their early twenties, where the decade after graduation will be the time when people settle down, have a family and finally start to enjoy the benefits of having worked so hard until now. It is a major blow to how you've planned your life. I for one definitely did not come to law school to be in 180K in debt for a good chunk of my life.
I do agree with you that it doesn't help to mope around and project your misery wherever you go, but there are good reasons why one would feel that way. For you to just discount this disappointment to a casual "it'll sort itself out, or it won't," and then make judgments about how people are being "emotional" is unwarranted. It is a legitimate reason to be depressed about and it doesn't help that people who know of this situation, like you, are judging them for being down about it.