Recent Grads

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Recent Grads: What compensation range do you fall into?

Poll ended at Sun Aug 21, 2011 1:34 am

$160K
23
27%
$150K
2
2%
$140K
2
2%
$130K
0
No votes
$120K
2
2%
$100K
4
5%
$90K
3
4%
$80K
2
2%
$70K or less
22
26%
Still Looking
25
29%
 
Total votes: 85

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Ele
Posts: 15
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Recent Grads

Postby Ele » Thu Jul 21, 2011 1:34 am

Poll for the recent graduating law class. What compensation range do you fall into? Given the debt most of us face (or are about to undertake), this poll should be of interest. Feel free to expound, if you can (Tier school, how many offers, etc.) Thanks.

reverendt
Posts: 499
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Re: Recent Grads

Postby reverendt » Thu Jul 21, 2011 1:58 am

Just graduated from T2 that dominates its mid-sized market. Finished in the top 1/3, maybe top 1/4 (they don't rank). Still looking, along with most of my classmates.

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bk1
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Re: Recent Grads

Postby bk1 » Thu Jul 21, 2011 2:03 am

I'm sure the results of this poll will be useful and in no way skewed and generally useless.

/sarcasm

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thesealocust
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Re: Recent Grads

Postby thesealocust » Thu Jul 21, 2011 9:02 am

bk1 wrote:I'm sure the results of this poll will be useful and in no way skewed and generally useless.

/sarcasm

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Kilpatrick
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Re: Recent Grads

Postby Kilpatrick » Thu Jul 21, 2011 10:35 am

Um hello, where is the option for negotiating up to 200K??

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Ele
Posts: 15
Joined: Thu Jun 23, 2011 9:42 pm

Re: Recent Grads

Postby Ele » Thu Jul 21, 2011 1:03 pm

This is just a simple, non-scientific, TLS sample survey about TLS Grads entering the legal profession.
bk1 wrote:I'm sure the results of this poll will be useful and in no way skewed and generally useless. /sarcasm

Unlike your +12,000 posts (who has the time to do that??) which are undoubtedly very useful . . . that is what real sarcasm looks like! :roll:

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chem
Posts: 867
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Re: Recent Grads

Postby chem » Thu Jul 21, 2011 1:08 pm

Ele wrote:This is just a simple, non-scientific, TLS sample survey about TLS Grads entering the legal profession.
bk1 wrote:I'm sure the results of this poll will be useful and in no way skewed and generally useless. /sarcasm

Unlike your +12,000 posts (who has the time to do that??) which are undoubtedly very useful . . . that is what real sarcasm looks like! :roll:


I've actually found bk1's advice very useful

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Helmholtz
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Re: Recent Grads

Postby Helmholtz » Thu Jul 21, 2011 1:12 pm

Ele wrote:This is just a simple, non-scientific, TLS sample survey about TLS Grads entering the legal profession.
bk1 wrote:I'm sure the results of this poll will be useful and in no way skewed and generally useless. /sarcasm

Unlike your +12,000 posts (who has the time to do that??) which are undoubtedly very useful . . . that is what real sarcasm looks like! :roll:


On the other hand, all thirty-two of your posts have been awful (including when you told people that your reference to "T4" was "Harvard, Yale, Stanford, and Columbia" as opposed to "Tier 4").

Goodbye, troll. Enjoy your ban.

Anonymous User
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Joined: Tue Aug 11, 2009 9:32 am

Re: Recent Grads

Postby Anonymous User » Thu Jul 21, 2011 3:23 pm

:lol:
Last edited by Anonymous User on Tue Nov 08, 2011 1:16 am, edited 1 time in total.

0LNOOB
Posts: 17
Joined: Wed Jun 15, 2011 9:16 am

Re: Recent Grads

Postby 0LNOOB » Thu Jul 21, 2011 3:28 pm

I know this isn't a scientific poll, anyone willing to give approx school/rank while voting in poll??

Anonymous User
Posts: 273138
Joined: Tue Aug 11, 2009 9:32 am

Re: Recent Grads

Postby Anonymous User » Thu Jul 21, 2011 3:29 pm

T14/magna/law clerk/under $70k (but around $120k if the clerkship bonus is considered deferred compensation).

Anonymous User
Posts: 273138
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Re: Recent Grads

Postby Anonymous User » Thu Jul 21, 2011 4:18 pm

T30-40/Median/PMF/GS-9 (~$52k).

boaltrising3l
Posts: 59
Joined: Sat Jun 04, 2011 7:20 pm

Re: Recent Grads

Postby boaltrising3l » Thu Jul 21, 2011 4:21 pm

Nice bro, PMF, care to share how you landed that? Really interested myself.

Anonymous User
Posts: 273138
Joined: Tue Aug 11, 2009 9:32 am

Re: Recent Grads

Postby Anonymous User » Thu Jul 21, 2011 9:21 pm

Very encouraging to see a third at +150K. I wonder how many are holding onto to offers but have not pulled the trigger in hopes of a better proposition.

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thesealocust
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Re: Recent Grads

Postby thesealocust » Thu Jul 21, 2011 9:26 pm

Anonymous User wrote:Very encouraging to see a third at +150K. I wonder how many are holding onto to offers but have not pulled the trigger in hopes of a better proposition.


It's easy as fuck to come up with these numbers for the entire student population, I have them memorized.

100,000 take the LSAT, 50,000 enroll in law school, 45,000 graduate, 30,000 get legal jobs, and 5,000 of those start at roughly 6-figures+.

You feelin' lucky?

Anonymous User
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Re: Recent Grads

Postby Anonymous User » Thu Jul 21, 2011 9:37 pm

T15, top 30%, no LR but BOA and leadership/elected positions, work experience, etc. 160,000

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Kirk
Posts: 40
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Re: Recent Grads

Postby Kirk » Thu Jul 21, 2011 9:56 pm

thesealocust wrote:
Anonymous User wrote:Very encouraging to see a third at +150K. I wonder how many are holding onto to offers but have not pulled the trigger in hopes of a better proposition.


It's easy as fuck to come up with these numbers for the entire student population, I have them memorized.

100,000 take the LSAT, 50,000 enroll in law school, 45,000 graduate, 30,000 get legal jobs, and 5,000 of those start at roughly 6-figures+.

You feelin' lucky?

OK, I’m game. I am guessing there are 4,000 students in a typical [combined] T-14 graduating class. You say there are 5,000 six-figure jobs. If 2,000 of the 4,000 T-14 folks get 40% of the $100+K jobs, that leaves 3,000 six-figure spots open for everyone else. Lets narrow “everyone else” to the next 50 ranked schools. Roughly 20,000 grads are aiming for these remaining 3,000 spots.

Bottom line, 17,000 grads just paid +$200K for a salaried job that pays less than $100K. Is this the math?

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thesealocust
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Re: Recent Grads

Postby thesealocust » Thu Jul 21, 2011 9:59 pm

Kirk wrote:
thesealocust wrote:
Anonymous User wrote:Very encouraging to see a third at +150K. I wonder how many are holding onto to offers but have not pulled the trigger in hopes of a better proposition.


It's easy as fuck to come up with these numbers for the entire student population, I have them memorized.

100,000 take the LSAT, 50,000 enroll in law school, 45,000 graduate, 30,000 get legal jobs, and 5,000 of those start at roughly 6-figures+.

You feelin' lucky?

OK, I’m game. I am guessing there are 4,000 students in a typical [combined] T-14 graduating class. You say there are 5,000 six-figure jobs. If 2,000 of the 4,000 T-14 folks get 40% of the $100+K jobs, that leaves 3,000 six-figure spots open for everyone else. Lets narrow “everyone else” to the next 50 ranked schools. Roughly 20,000 grads are aiming for these remaining 3,000 spots.

Bottom line, 17,000 grads just paid +$200K for a salaried job that pays less than $100K. Is this the math?


Yes, but "less than 100K" is usually around 40-50K. OP's poll is fucking hilarious.

And yeah, the 'back of the envelope' numbers I remember from when I gathered the data and crunched the numbers was roughly 5K in the T14, roughly half of the big law jobs going there an the other half everywhere else.

At least you'll get a free drink if you just go to Vegas and put all your chips on red...

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ndirish2010
Posts: 2950
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Re: Recent Grads

Postby ndirish2010 » Thu Jul 21, 2011 10:01 pm

thesealocust wrote:
Kirk wrote:
thesealocust wrote:
Anonymous User wrote:Very encouraging to see a third at +150K. I wonder how many are holding onto to offers but have not pulled the trigger in hopes of a better proposition.


It's easy as fuck to come up with these numbers for the entire student population, I have them memorized.

100,000 take the LSAT, 50,000 enroll in law school, 45,000 graduate, 30,000 get legal jobs, and 5,000 of those start at roughly 6-figures+.

You feelin' lucky?

OK, I’m game. I am guessing there are 4,000 students in a typical [combined] T-14 graduating class. You say there are 5,000 six-figure jobs. If 2,000 of the 4,000 T-14 folks get 40% of the $100+K jobs, that leaves 3,000 six-figure spots open for everyone else. Lets narrow “everyone else” to the next 50 ranked schools. Roughly 20,000 grads are aiming for these remaining 3,000 spots.

Bottom line, 17,000 grads just paid +$200K for a salaried job that pays less than $100K. Is this the math?


Yes, but "less than 100K" is usually around 40-50K. OP's poll is fucking hilarious.

And yeah, the 'back of the envelope' numbers I remember from when I gathered the data and crunched the numbers was roughly 5K in the T14, roughly half of the big law jobs going there an the other half everywhere else.

At least you'll get a free drink if you just go to Vegas and put all your chips on red...


Black seems to win more often from my experience.

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thesealocust
Posts: 8442
Joined: Mon Oct 20, 2008 8:50 pm

Re: Recent Grads

Postby thesealocust » Thu Jul 21, 2011 10:04 pm

ndirish2010 wrote:Image

Black seems to win more often from my experience.


Haha, fair point.

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BarbellDreams
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Re: Recent Grads

Postby BarbellDreams » Thu Jul 21, 2011 10:15 pm

While these polls are entertaining, the problem with them is they are on TLS, meaning that the majority of people will be attended either t14's or T30's. Also, I would say majority of people on TLS are above median (based on their own reporting anyway). These two factors will heavily skew data, along with the fact that there is a large range of random variables that cannot be accounted for.

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Kirk
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Re: Recent Grads

Postby Kirk » Thu Jul 21, 2011 11:09 pm

BarbellDreams wrote:While these polls are entertaining, the problem with them is they are on TLS, meaning that the majority of people will be attended either t14's or T30's. Also, I would say majority of people on TLS are above median (based on their own reporting anyway). These two factors will heavily skew data, along with the fact that there is a large range of random variables that cannot be accounted for.

I agree with most of what you said, except the part about the majority of TLS people attend either t14's or T30's. To me, it seems like all the schools have plenty of activity, not just the upper tier schools.

That said, the survey (as of now is a bit weird), 9% of the grads are in-between $150K and $70K (or looking). The conclusion leads me to conclude that it is either “feast or famine.” Not that $70K is famine, but after debt service ($150k) , and taxes (20%), a bit under $3K a month is the likely take home.

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thesealocust
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Re: Recent Grads

Postby thesealocust » Thu Jul 21, 2011 11:15 pm

Anonymous User wrote:
BarbellDreams wrote:While these polls are entertaining, the problem with them is they are on TLS, meaning that the majority of people will be attended either t14's or T30's. Also, I would say majority of people on TLS are above median (based on their own reporting anyway). These two factors will heavily skew data, along with the fact that there is a large range of random variables that cannot be accounted for.

I agree with most of what you said, except the part about the majority of TLS people attend either t14's or T30's. To me, it seems like all the schools have plenty of activity, not just the upper tier schools.

That said, the survey (as of now is a bit weird), 9% of the grads are in-between $150K and $75K (or looking). The conclusion leads me to conclude that it is either “feast or famine.” Not that $75K is famine, but after debt service ($150k) , and taxes (20%), $3K a month is the likely take home.


Who are you? Why are you posting anonymously? If you learn one thing on this website, learn this: There are a ton of jobs that pay $160,000, a tiny number that pay well but less than that, and a ton of jobs that pay substantially less than $75,000 per year. I know dozens of students from my top 10 law school who would gnaw off an arm for a job that payed 75K per year. There's also unemployment, which pays food stamps and compound interest on the debt you owe.

A lot of people make great money as lawyers, a lot make good money as lawyers, and the majority make terrible money or fail to become lawyers. Your poll with a sprinkling of respondents and a foolish range of choices is meaningless.

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thedogship
Posts: 143
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Re: Recent Grads

Postby thedogship » Thu Jul 21, 2011 11:18 pm

T-14/cum laude/$160K/NYC office of California-based biglaw firm

Anonymous User
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Re: Recent Grads

Postby Anonymous User » Thu Jul 21, 2011 11:41 pm

T20/top10%/>$160K/lit boutique (non-NY)




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