Voyager wrote: BottomOfTotem wrote: Voyager wrote: Anonymous User wrote: Voyager wrote:
JD_Unit wrote:Hi everyone --
I'm a second year associate making a decent living at my firm (roughly $90k per year -- not biglaw numbers, but not starving either). In an effort to pay down my remaining loan balance as quickly as possible, I'd like to supplement my income if at all possible. I realize moonlighting/taking on legal matters outside my firm is probably a bad idea and likely out of the question. With that constraint, what are some other ways to supplement my income as an attorney? Has anyone had any relevant experience? Any insight would be helpful. Thanks!
Depressing. OP landed a pretty good post law school gig for sure. Probably performed well in law school. Certainly landed a better gig than most new law school grads
Even so, still having difficulty with law school loans
Man, law school is such a horrible idea...
I suggest tutoring LSAT if you have the LSAT score to justify doing so. Super flexible hours for a pretty good hourly rate ($30-$50/hour... can get up to $100+ if in Manhattan with top credentials/at top tutoring shop like Manhattan LSAT)
This is dumb logic. Sure, for a lot of reasons law school sucks. But the guy is making 90k doing law and just wants to pay his loans quicker than the 10-year plan requires. His situation does not sound depressing at all. Clearly, he has enough time/energy to do moonlighting, so he is not working big law hours. And if he is not moonlighting, that means he is making 90k a year and has free time at nights where he 'could' be moonlighting.
He lost $240k or something UP FRONT between 3 years lost income and 3 years law school tuition for the privilege of working 60+ hour weeks while only earning $90k a year and now wants a 2nd job.
Sounds pretty dang depressing to me!
How many years does he need to work @$90k instead of the $50k-$60k job he could have had if not for law school to pay off the $240k he lost? A $50k-$60k job, by the way, that probably only required 40-50 hour work weeks...
See what I mean?
We are talking YEARS to pay off the up front cost. 7-8 years, actually. Sure, his legal career may progress and he may earn more money over time, but that would likely have been just as true with the non-law school career track AND that career would be 3 years more advanced because he would have been advancing it instead of spending 3 years in law school!
Never mind that at 40-50 hour work weeks he could no kidding take on a 2nd job bringing in an additional $20k a year and would likely end up at similar hours as what you work at a firm! Then the salary difference is rather small!
And sure, the OP may jump back in here and present additional facts that make his decision to go to law school a much more reasonable decision, but my point is: for most people, law school is a ridiculously bad idea.
Advancement in the field of law is drastically different than the large majority of fields that pay 50k. Look at The bonus structure, annual raises, benefits, etc. Yes, debt sucks, but so does being stuck around 50k for your entire career.
Comments like this always strike me as coming from someone who has no idea what life is like as an adult, before graduating law school. Life working with a bachelors, or without, is not enviable. It is hard work, and usually to get to 50k you aren't working 40 hours either.
With all of that said, there is a nugget for pre law schoolers (or any person about to make a big decision) to take from this post: get some life experience first. Get perspective. Don't just travel on your parent's dime, instead volunteer and get a look at what poverty really looks like.
I worked for 10 years prior to law school. My first job paid ~$30k a year all in.
Statements like yours strike me as coming from someone who has no idea what life and career trajectory is like for most lawyers AND no idea what the alternatives are. I do.
I've been out of school now for over half a decade. I know what my classmates are up to. And their outcomes were top percentiles. I also know a thing or two about non-law career tracks...
Ok my apologies, I shouldn't have assumed to know you. Taking you at your word, you would have preferred to have not gone to law school and stuck with whatever job you had. That is your view and I respect that.
The rest of your post though I don't agree with. First, I certainly know what altenatives look like -- I worked for ten years prior to law school and I have a family of four to support. I also come from a blue collar background, where the vast majority of my cohort add anecdotal evidence to my view that a career in law offers more benefits than most non grad requiring jobs (or non undergrad). Pay structure, bonuses, benefits, retirement, non-physical nature, career advancement, resume building, and so on. I'm not saying it is perfect, I know many people who work their lives away, but I stand by my assertion that it is superior to many careers that can be obtained with no degree or a bachelors.
For what it is worth, I honestly hope whatever you're doing know brings you joy.