Renne Walker wrote:As far as all this gloom and doom I see on this site way too often, we just had lunch with a 2L making $3,000 a week over the summer. She said $3,000 was the standard summer pay at her firm. How bad can things really be?
Are you dumb? Because you sound dumb.
$3,0777 (or $3,080 depending on how they do the math) is the standard salary for big law firm summer associates. The programs last 8-12 weeks for the most part and result in full time offers of employment at big firms which pay (almost all of them, without variation) $160,000 starting salaries.
There are about 5,000 of those jobs in the country every year.
There are about 45,000 law students.
Outside of those jobs, and a few which are similar but less opulent in smaller legal markets, the market is absolutely awful and there are very few positions anywhere or at any salary.
It's feast or famine. If you wind up at the right school, get the right grades, and do the right things in interviews you have a chance of landing in the small group that gets a terrifically remunerative job after school. If you're part of the majority that don't, your odds of being unemployed - at least in the legal sector - are staggering, and your salary expectations are likely to be one quarter or so of what the big law people are making.
It's systematic and it's documented. There's no room for debate about the numbers, there's no reason to poll the 10 or so actual lawyers on TLS when there's a plethora of data all pointing to the same conclusion available for anyone willing to look at it.