Double Dip Recession Forum

[MrAnon]

The double dip has hit. Firm hiring this fall will revert to the same levels as fall 2008 and 2009. It may in fact be worse than that since the firms may finally learn what new normal means. Your CSO won't tell you this until late August. You heard it here first.

[fatduck]

thank god for people like you, sir.

[Julio_El_Chavo]

HOW MANY WILL DIE?

[NZA]

/won't graduate until 2014

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[MC Southstar]

/won't graduate until 2014

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You'll do OCI in a year.

[MrAnon]

/won't graduate until 2014

--ImageRemoved--

You'll do OCI in a year.

And if you look back in this website you will find soooooo many posts written in 2007/2008 that said "Won't graduate until 2011"

[NZA]

/won't graduate until 2014

--ImageRemoved--

You'll do OCI in a year.

In two years, I thought? By which time, the profession will have obviously recovered and gumdrops will be raining from the sky and toilet paper will be made from silk.

[Stanford4Me]

I've actually been kind of freaking out about this possibility.

[09042014]

I've actually been kind of freaking out about this possibility.

We'll get 2L offers, but no offer pwnd.

[Verity]

My dad's lawyer scoffed when he told her I was going to law school. Followed by a "well, good luck to her..."


Not what I need to hear right now.

[09042014]

My dad's lawyer scoffed when he told her I was going to law school. Followed by a "well, good luck to her..."


Not what I need to hear right now.

TBF going to law school was always horrible choice. Even in 2006, median at a T30 was SHIT law express.

[Verity]

My dad's lawyer scoffed when he told her I was going to law school. Followed by a "well, good luck to her..."


Not what I need to hear right now.

TBF going to law school was always horrible choice. Even in 2006, median at a T30 was SHIT law express.

I wouldn't call it a horrible choice, but yeah, if you're not entrepreneurial the pyramid structure will chew you up. I have an uncle, he's a scumbag basehead lawyer, does pi [note: people confuse PI = public interest with PI = personal injury. The latter is now lowercase] and other random discrimination shit. Millionaire. Then I know a friend who finished Vandy in 09 and works at Enterprise Rent-a-Car. It's just temporary.

[MrAnon]

Layoffs and reduced hiring typically start in the banking sector then run to law which always takes awhile to catch up to the trends.

http://dealbreaker.com/2011/06/layoffs- ... stanley-2/

[bjsesq]

The double dip has hit. Firm hiring this fall will revert to the same levels as fall 2008 and 2009. It may in fact be worse than that since the firms may finally learn what new normal means. Your CSO won't tell you this until late August. You heard it here first.

Actually, NPR has been talking about the double dip for weeks. I think things won't be as bad as just after the burst, but they won't be too great either.

[lawyerwannabe]

This site is so confusing. One moment. Everyone is like "ITE is over" and "it will never be 2006-2008 hiring, but it will be like the early 2000s". Now, everyone is saying we are heading towards another blow up? How will I be able to decide when to go to law school!?

[09042014]

This site is so confusing. One moment. Everyone is like "ITE is over" and "it will never be 2006-2008 hiring, but it will be like the early 2000s". Now, everyone is saying we are heading towards another blow up? How will I be able to decide when to go to law school!?

TBF some economic indicators have turned to shit in the past month or two.

[romothesavior]

This is pleasant.

[thebookcollector]

Several economic indicators are still looking good, and law firms themselves are predicting increased hiring.

All of this talk of a "double dip" is way overhyped. A few economic indicators have been down, but by and large, the economy is still growing... and a recesion means, by definition, that the economy isn't growing.

This is a stupid thread.

[fatduck]

Several economic indicators are still looking good, and law firms themselves are predicting increased hiring.

All of this talk of a "double dip" is way overhyped. A few economic indicators have been down, but by and large, the economy is still growing... and a recesion means, by definition, that the economy isn't growing.

This is a stupid thread.

but MrAnon is usually so solid...

[lawyerwannabe]

Meh. Half the things I have read said that a double dip is likely and the other half have put the possibility of a second dip at about a quarter.

Either way, this is making me want to get a job for 2-4 years then attend law school rather than potentially risk paying for law school tuition and getting nothing out of it.

[maxm2764]

These threads are repetitive and boring.

[D.Wilde]

Meh. Half the things I have read said that a double dip is likely and the other half have put the possibility of a second dip at about a quarter.

Either way, this is making me want to get a job for 2-4 years then attend law school rather than potentially risk paying for law school tuition and getting nothing out of it.

Anyone who pays for law school is risking that they'll get nothing out of it. Do it now, do it later, it will always be a massive risk.

[kswiss]

there's going to be a shload of weird economic data for the next 1.5 years, because the Republicans want a shit economy for the election. The only major indicator that people are basing this on is jobless claims, and they didn't get worse, they just didn't fall as much as expected. Construction is slowly improving and building permits are up, so there should be a construction bump in 2-3 months. I'm not too worried, because I'm pretty sure it won't affect SA hiring for '12, but I'm with whoever said that it might affect offers.

Also, even if there is a double dip, it will be smaller and more regional in its effects.

[09042014]

Meh. Half the things I have read said that a double dip is likely and the other half have put the possibility of a second dip at about a quarter.

Either way, this is making me want to get a job for 2-4 years then attend law school rather than potentially risk paying for law school tuition and getting nothing out of it.

Anyone who pays for law school is risking that they'll get nothing out of it. Do it now, do it later, it will always be a massive risk.

This logic is outstanding.

[Verity]

Meh. Half the things I have read said that a double dip is likely and the other half have put the possibility of a second dip at about a quarter.

Either way, this is making me want to get a job for 2-4 years then attend law school rather than potentially risk paying for law school tuition and getting nothing out of it.

Anyone who pays for law school is risking that they'll get nothing out of it. Do it now, do it later, it will always be a massive risk.

This logic is outstanding.

I think our astute Dr. D.Wilde is pointing out the subtle fact that a penny saved is a penny stored for future use, when it's value will have greatly depreciated due to inflation.

Ta-ta.