Fascinating thread on life in biglaw on a financial forum

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thesealocust
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Fascinating thread on life in biglaw on a financial forum

Postby thesealocust » Fri Mar 15, 2013 12:40 am

Full of people who went through it, and gathered on an online forum to talk about investing/retirement. So the experience in law is amusingly common, but not the thrust of the discussion - gets into job prospects, progression, transactional vs. lit, exit options, etc.:

http://www.bogleheads.org/forum/viewtop ... 1&t=112751

A+ would read again. It's like what TLS would be if it were full of experienced attorneys instead of snot-nosed youths.

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Davidbentley
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Re: Fascinating thread on life in biglaw on a financial forum

Postby Davidbentley » Fri Mar 15, 2013 2:48 am

Thanks for the linkage.

ETA: Some of the Law school related information is inaccurate, but the experiential shit is useful.

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rouser
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Re: Fascinating thread on life in biglaw on a financial forum

Postby rouser » Fri Mar 15, 2013 4:16 am

thanks for this...obviously a depressing read but if there's one thing TLS lacks, it's this kind of stuff from people 10+ years deep into it.

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stuckinthemiddle
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Re: Fascinating thread on life in biglaw on a financial forum

Postby stuckinthemiddle » Fri Mar 15, 2013 4:32 am

:cry:

*tags*

sc-123
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Re: Fascinating thread on life in biglaw on a financial forum

Postby sc-123 » Fri Mar 15, 2013 10:52 am

Christ that was depressing

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jessuf
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Re: Fascinating thread on life in biglaw on a financial forum

Postby jessuf » Fri Mar 15, 2013 1:37 pm

sc-123 wrote:Christ that was depressing

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thesealocust
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Re: Fascinating thread on life in biglaw on a financial forum

Postby thesealocust » Fri Mar 15, 2013 2:45 pm

Jessuf wrote:
sc-123 wrote:Christ that was depressing

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somewhatwayward
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Re: Fascinating thread on life in biglaw on a financial forum

Postby somewhatwayward » Fri Mar 15, 2013 3:09 pm

Depressing and not that far away for me...

I hate when people on here insist that if we can't suggest an alternative to going to law school, then our opinion that they should not take out six figures to attend Brooklyn Law is meritless. However, I have a little of that reaction in response to this: jobs that pay as well as big law and most professional jobs, many of which pay less, demand long hours and tedious work. MDs might be somewhat of an exception but that's only after 8+ years of hell.

I do wish that I had studied computer science or engineering in undergrad, though. You can actually get a good job that doesn't have as crazy of hours, and, most importantly, you don't need to get a costly grad degree. If you do, you might be able to get your company to pay for it after a few years. I have a brother in seventh grade who I am steering toward these fields. He's started studying programming, and I hope it sticks!

ETA: one additional thing about big law that might make it worse than other professional jobs is the force attrition, though.
Last edited by somewhatwayward on Fri Mar 15, 2013 3:15 pm, edited 1 time in total.

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Objection
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Re: Fascinating thread on life in biglaw on a financial forum

Postby Objection » Fri Mar 15, 2013 3:15 pm

Depressing, but accurate.

However, despite how much I despise the big law firm model, I am happy with my decision to become a lawyer and believe I will be happy in my next job(s). I'm much happier in my current position than I ever was in big law (clerking).

Knowing someone is on the other side trying to kick my ass is what motivates me. I don't like to lose, particularly when someone is actively trying to beat me and where winning actually matters. I wasn't going to become a professional athlete or chess player, and law -- trial work in particular -- seems like the next best thing.

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BerkeleyBear
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Re: Fascinating thread on life in biglaw on a financial forum

Postby BerkeleyBear » Fri Mar 15, 2013 3:23 pm

Jessuf wrote:
sc-123 wrote:Christ that was depressing


:shock: :arrow: :cry:

shock259
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Re: Fascinating thread on life in biglaw on a financial forum

Postby shock259 » Fri Mar 15, 2013 3:45 pm

Spring break ruined.

moxypoxy
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Re: Fascinating thread on life in biglaw on a financial forum

Postby moxypoxy » Fri Mar 15, 2013 4:10 pm

I didn't see much substance in that thread that hasn't been around in spades on the other law-related forums etc.

Have to keep in mind that there's a huge self-selection going on for people taking the time to write about the misery of biglaw. Not suggesting that it's the rosy wonderland 0Ls may think, but the grim picture painted by people who hated biglaw probably isn't a realistic picture either.

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thesealocust
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Re: Fascinating thread on life in biglaw on a financial forum

Postby thesealocust » Fri Mar 15, 2013 4:24 pm

moxypoxy wrote:I didn't see much substance in that thread that hasn't been around in spades on the other law-related forums etc.

Have to keep in mind that there's a huge self-selection going on for people taking the time to write about the misery of biglaw. Not suggesting that it's the rosy wonderland 0Ls may think, but the grim picture painted by people who hated biglaw probably isn't a realistic picture either.


It's a forum about retirement investment. That's the key difference - you expect people with sob stories to flock to websites like TLS or JDUnderground to stir trouble. You don't expect them to crop up - loudly and unanimously - in a place devoted to discussing asset allocation and the finer points of Roth vs. Traditional 401(k)s.

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Flash
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Re: Fascinating thread on life in biglaw on a financial forum

Postby Flash » Fri Mar 15, 2013 4:50 pm

Fantastic read. Dualincomenodebt killed it.

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ExBiglawAssociate
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Re: Fascinating thread on life in biglaw on a financial forum

Postby ExBiglawAssociate » Fri Mar 15, 2013 5:01 pm

thesealocust wrote:
Jessuf wrote:
sc-123 wrote:Christ that was depressing

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Objection
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Re: Fascinating thread on life in biglaw on a financial forum

Postby Objection » Fri Mar 15, 2013 5:05 pm

moxypoxy wrote:I didn't see much substance in that thread that hasn't been around in spades on the other law-related forums etc.

Have to keep in mind that there's a huge self-selection going on for people taking the time to write about the misery of biglaw. Not suggesting that it's the rosy wonderland 0Ls may think, but the grim picture painted by people who hated biglaw probably isn't a realistic picture either.


I don't think it's self selection at all. Just ask people who work in big law when you get there.

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BuckinghamB
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Re: Fascinating thread on life in biglaw on a financial forum

Postby BuckinghamB » Fri Mar 15, 2013 5:23 pm

Now I'm sad. Thanks for the link, though.

005618502
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Re: Fascinating thread on life in biglaw on a financial forum

Postby 005618502 » Fri Mar 15, 2013 6:11 pm

EDIT: Didnt read first... holy shit that was depressing
Last edited by 005618502 on Fri Mar 15, 2013 6:37 pm, edited 1 time in total.

moxypoxy
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Re: Fascinating thread on life in biglaw on a financial forum

Postby moxypoxy » Fri Mar 15, 2013 6:30 pm

thesealocust wrote:
It's a forum about retirement investment. That's the key difference - you expect people with sob stories to flock to websites like TLS or JDUnderground to stir trouble. You don't expect them to crop up - loudly and unanimously - in a place devoted to discussing asset allocation and the finer points of Roth vs. Traditional 401(k)s.


The only thing this tells me is that miserable people frequent a wide range of forums. It's not as if there was some insight about the financial merits of a career in law that hasn't been explored ad nauseum here and elsewhere.

Objection wrote:
I don't think it's self selection at all. Just ask people who work in big law when you get there.


I've been there and I have asked. Again, I'm not arguing that people generally love biglaw, but the general sentiment I've observed in biglawyers is that it's a tough career, but one worth the trade off.

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ExBiglawAssociate
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Re: Fascinating thread on life in biglaw on a financial forum

Postby ExBiglawAssociate » Fri Mar 15, 2013 6:39 pm

moxypoxy wrote:
thesealocust wrote:
It's a forum about retirement investment. That's the key difference - you expect people with sob stories to flock to websites like TLS or JDUnderground to stir trouble. You don't expect them to crop up - loudly and unanimously - in a place devoted to discussing asset allocation and the finer points of Roth vs. Traditional 401(k)s.


The only thing this tells me is that miserable people frequent a wide range of forums. It's not as if there was some insight about the financial merits of a career in law that hasn't been explored ad nauseum here and elsewhere.

Objection wrote:
I don't think it's self selection at all. Just ask people who work in big law when you get there.


I've been there and I have asked. Again, I'm not arguing that people generally love biglaw, but the general sentiment I've observed in biglawyers is that it's a tough career, but one worth the trade off.


Aren't you still in law school? If so, I assume most of your interaction with biglawyers has taken place while they're trying to recruit you. Of fucking course they're going to tell you they made the right career choice when they're trying to recruit you. Even if they weren't trying to recruit you, biglawyers tend to be the kind of people who don't admit their own mistakes, at least not in person (although some may do it anonymously online for catharsis).

guinness1547
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Re: Fascinating thread on life in biglaw on a financial forum

Postby guinness1547 » Fri Mar 15, 2013 6:41 pm

I need a hug. And possibly a new career path.

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longlivetheking
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Re: Fascinating thread on life in biglaw on a financial forum

Postby longlivetheking » Fri Mar 15, 2013 6:45 pm

ah yes. our daily dose of pessimism.
Last edited by longlivetheking on Fri Mar 15, 2013 7:15 pm, edited 1 time in total.

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thesealocust
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Re: Fascinating thread on life in biglaw on a financial forum

Postby thesealocust » Fri Mar 15, 2013 7:04 pm

longlivetheking wrote:ah yes. our daily does of pessimism.


I do try.

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5ky
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Re: Fascinating thread on life in biglaw on a financial forum

Postby 5ky » Fri Mar 15, 2013 7:56 pm

I actually didn't think this was too depressing, which is a reflection on how many horribly depressing things I've read about life in biglaw. I just read an epic screed about life at Latham, back even before the crash.

http://wpwy.org/blog/?p=580

Anonymous User
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Re: Fascinating thread on life in biglaw on a financial forum

Postby Anonymous User » Fri Mar 15, 2013 8:22 pm

Here is another cheerful account that I haven't seen around here much. I've posted it before: My Life As An Associate

A quick search on the author reveals that the firm in question is Shearman & Sterling, which I had never heard of until this article. Though #23 on Vault, it is oddly absent from the discussions of prestige-obsessed TLS. Go figure.

The article is 15 years old, but disturbingly consistent with everything I have ever read about biglaw - and with parts of what little of it I experienced last summer. Evidently, little has changed since then and while ITE probably hasn't improved matters, the hardships of biglaw life long predate it.




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