Anonymous User wrote:
That was true before and after this recent freak out and is baked into my considerations already. My question is, for someone in my position who won't begin practice until 2017 at the earliest (given the clerkship and possibility of a second for 2017), is this downturn something that I should be taking into account? A different way to put it is, to what extent is this a long-term and structural thing? Is it going to have a disproportionate effect on different kinds of firms (e.g. a Goodwin as opposed to a V20 that is better known for litigation practice than corporate)?
It obviously depends on what the priorities in your life are. I'd like to think that with V20 + Cir Clerkship, there's likely going to be a place for you somewhere somehow in lit wherever you end up and however the market is. But it may not be quite as lucrative and not as easy to move around.
I mean, I'd give up almost anything to be in your position (the big name firm and big name clerkship), but that's because I couldn't care less about money and genuinely enjoy litigation and with your credentials govt might well be an option if you play your cards right. But if money and options is what you want more than anything else, then maybe corporate is the way to go.