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AtlasNYC
Posts: 8
Joined: Sun Jan 16, 2011 5:05 am

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Postby AtlasNYC » Fri Jan 21, 2011 4:29 pm

Thanks for the input. Really helped.
Last edited by AtlasNYC on Fri Jan 21, 2011 4:51 pm, edited 2 times in total.

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bk1
Posts: 18402
Joined: Sun Mar 14, 2010 7:06 pm

Re: Life After BigLaw?

Postby bk1 » Fri Jan 21, 2011 4:38 pm

AtlasNYC wrote:I am inspired by this and would one day want to start my own firm as well, but is there a certain time period in which you should do so? Most people I ask that are lawyers in firms keep telling me the same thing which irritates me: you need clients, you need experience, you need connections, making a firm is a lot harder than you think, don't consider it until you are 10-15 yrs out of school. Basically, they keep saying, don't do it til you are like 40.


The truth irritates you?

Your boss is a rare exception to a general trend, good luck trying to end up like that.

AtlasNYC
Posts: 8
Joined: Sun Jan 16, 2011 5:05 am

Re: Life After BigLaw?

Postby AtlasNYC » Fri Jan 21, 2011 4:41 pm

by saying it irritates me I meant they are basically saying "ok good luck kid" and not offering real advice. I was hoping for more insight here, not just "you need time and experience." I figured that out on my own before talking to these guys. I would like to kno what most people do after biglaw.

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Big Shrimpin
Posts: 2468
Joined: Fri Oct 24, 2008 12:35 pm

Re: Life After BigLaw?

Postby Big Shrimpin » Fri Jan 21, 2011 4:46 pm

AtlasNYC wrote:Well this is all hypothetical as I'm still in undergrad but I'm just wondering what are the career routes most people take after graduating from a T-14 and joining Big Law. Say for example, you are 25, fresh out of NYU Law school with $150k in debt. You sign onto a biglaw firm for a starting salary of $160k and slowly start to pay off your debt. Now most people say grads stay at biglaw for only 2-3 years. So what do they tend to do afterwards? If they want to stay making money that is. I would like to one day have my own law firm. My boss made his own law firm 3 years out of cuny school of law in queens (he was 28). He is now 34, drives a bentley, makes over $1 million a year, and is heavily funds political campaigns (something I have been always interested in, basically he is living the life I would one day want to live). I am inspired by this and would one day want to start my own firm as well, but is there a certain time period in which you should do so? Most people I ask that are lawyers in firms keep telling me the same thing which irritates me: you need clients, you need experience, you need connections, making a firm is a lot harder than you think, don't consider it until you are 10-15 yrs out of school. Basically, they keep saying, don't do it til you are like 40.

So basically what I am asking is, after 2-3 yrs in biglaw, what is next for someone who wants to start his own firm? Should they stay in biglaw (idk if this is possible as I have read people can stay only 2-3 yrs), start their own thing, or do something else.

Also, what do most people do after biglaw in general?



180 poast dood...and lol at a desire to fund political campaigns.

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XxSpyKEx
Posts: 1741
Joined: Wed Dec 27, 2006 5:48 am

Re: Life After BigLaw?

Postby XxSpyKEx » Fri Jan 21, 2011 9:58 pm

Big Shrimpin wrote:
AtlasNYC wrote:Well this is all hypothetical as I'm still in undergrad but I'm just wondering what are the career routes most people take after graduating from a T-14 and joining Big Law. Say for example, you are 25, fresh out of NYU Law school with $150k in debt. You sign onto a biglaw firm for a starting salary of $160k and slowly start to pay off your debt. Now most people say grads stay at biglaw for only 2-3 years. So what do they tend to do afterwards? If they want to stay making money that is. I would like to one day have my own law firm. My boss made his own law firm 3 years out of cuny school of law in queens (he was 28). He is now 34, drives a bentley, makes over $1 million a year, and is heavily funds political campaigns (something I have been always interested in, basically he is living the life I would one day want to live). I am inspired by this and would one day want to start my own firm as well, but is there a certain time period in which you should do so? Most people I ask that are lawyers in firms keep telling me the same thing which irritates me: you need clients, you need experience, you need connections, making a firm is a lot harder than you think, don't consider it until you are 10-15 yrs out of school. Basically, they keep saying, don't do it til you are like 40.

So basically what I am asking is, after 2-3 yrs in biglaw, what is next for someone who wants to start his own firm? Should they stay in biglaw (idk if this is possible as I have read people can stay only 2-3 yrs), start their own thing, or do something else.

Also, what do most people do after biglaw in general?



180 poast dood...and lol at a desire to fund political campaigns.


+1 :lol:




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