Electives in a Secondary Market Law School

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dihydrogenmonoxide
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Electives in a Secondary Market Law School

Postby dihydrogenmonoxide » Sat Oct 30, 2010 11:28 pm

Hi,

I'm just curious about something. If I say anything stupid, its because I'm a 0L.

So I've read that the ratio of transactional jobs to litigation jobs is lower in secondary markets than in NYC/DC/LA/SF/CHI. Suppose one went to a school that places primarily in a secondary market. Would that mean that it would be better in terms of job prospects to focus on litigation in electives? To avoid responses like "take electives from the easiest grading profs", lets just assume that the profs are all equal. Also exclude IP law considerations.

By "job" I mean full time employment that pays enough that you don't drown in debt, not just biglaw.

thrillerjesus
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Re: Electives in a Secondary Market Law School

Postby thrillerjesus » Sun Oct 31, 2010 10:32 am

dihydrogenmonoxide wrote:By "job" I mean full time employment that pays enough that you don't drown in debt, not just biglaw.


This depends on how much debt you have. If you're going to be paying full price at a private school, biglaw is probably the only thing that fits your definition of "job."

thrillerjesus
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Re: Electives in a Secondary Market Law School

Postby thrillerjesus » Sun Oct 31, 2010 12:31 pm

betasteve wrote:
thrillerjesus wrote:
dihydrogenmonoxide wrote:By "job" I mean full time employment that pays enough that you don't drown in debt, not just biglaw.


This depends on how much debt you have. If you're going to be paying full price at a private school, biglaw is probably the only thing that fits your definition of "job."

Yeah exactly... There's absolutely NOOO way you could ever pay off your debt making less than 160k/yeah. It's completely impossible. :roll: :roll: :roll:


Obviously it's possible. Doesn't mean it would be easy to maintain a good standard of living while doing it though.

Renzo
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Re: Electives in a Secondary Market Law School

Postby Renzo » Sun Oct 31, 2010 2:40 pm

thrillerjesus wrote:
betasteve wrote:
thrillerjesus wrote:
dihydrogenmonoxide wrote:By "job" I mean full time employment that pays enough that you don't drown in debt, not just biglaw.


This depends on how much debt you have. If you're going to be paying full price at a private school, biglaw is probably the only thing that fits your definition of "job."

Yeah exactly... There's absolutely NOOO way you could ever pay off your debt making less than 160k/yeah. It's completely impossible. :roll: :roll: :roll:


Obviously it's possible. Doesn't mean it would be easy to maintain a good standard of living while doing it though.

Let me see if I've got this right; you're saying that one will be able to afford less things if one makes less money? Or, is it that rich people have a higher standard of living than people who aren't rich?

thrillerjesus
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Re: Electives in a Secondary Market Law School

Postby thrillerjesus » Sun Oct 31, 2010 3:22 pm

Renzo wrote:Let me see if I've got this right; you're saying that one will be able to afford less things if one makes less money? Or, is it that rich people have a higher standard of living than people who aren't rich?


What? No, how did you get that? I'm saying that if you graduate with debt of around $180k and you don't get biglaw, it is unlikely that you'll be able to have a decent standard of living while servicing your debt. When did that become a controversial opinion?

thrillerjesus
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Re: Electives in a Secondary Market Law School

Postby thrillerjesus » Sun Oct 31, 2010 5:25 pm

betasteve wrote:
thrillerjesus wrote:
Renzo wrote:Let me see if I've got this right; you're saying that one will be able to afford less things if one makes less money? Or, is it that rich people have a higher standard of living than people who aren't rich?


What? No, how did you get that? I'm saying that if you graduate with debt of around $180k and you don't get biglaw, it is unlikely that you'll be able to have a decent standard of living while servicing your debt. When did that become a controversial opinion?

His point is this: what makes a decent standard of living? It's not likely they would be at the poverty line, considering loan repayment stuff put in by the fed govt.


Ah, got it. For me, a decent standard of living is being able to live like a grownup, not a student. That means having a nice place in a decent neighborhood of a fun city. And no roommates. Doing that while making a monthly loan payment of roughly $1800 is not easy if your gross salary is $50k. If that makes me some elitist snob, so be it.

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gobucks101
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Re: Electives in a Secondary Market Law School

Postby gobucks101 » Sun Oct 31, 2010 6:03 pm

betasteve wrote: It's not likely they would be at the poverty line, considering loan repayment stuff put in by the fed govt.


:D This is what keeps me from jumping. 50-60k starting salary in a job you love, full benefits and pension plan, good job security, normal hours and not having to sweat loans (10% of income for 10 years then forgiven and that isn't even factoring in your schools loan repayment program). Piece of cake. God bless America.

Keep in mind I am talking about a secondary market where a bagel isn't 6 bucks.

edit- Reading this thread again obviously the above doesn't apply to OP. However, they do have the income based payments and 25 years later forgiven for private sector.

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Lawl Shcool
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Re: Electives in a Secondary Market Law School

Postby Lawl Shcool » Sun Oct 31, 2010 7:43 pm

gobucks101 wrote:
:D This is what keeps me from jumping. 50-60k starting salary in a job you love, full benefits and pension plan, good job security, normal hours and not having to sweat loans (10% of income for 10 years then forgiven and that isn't even factoring in your schools loan repayment program). Piece of cake. God bless America.


Could you post a link to any legal job with those qualities?

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gobucks101
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Re: Electives in a Secondary Market Law School

Postby gobucks101 » Sun Oct 31, 2010 8:15 pm

JPU wrote:
gobucks101 wrote:
:D This is what keeps me from jumping. 50-60k starting salary in a job you love, full benefits and pension plan, good job security, normal hours and not having to sweat loans (10% of income for 10 years then forgiven and that isn't even factoring in your schools loan repayment program). Piece of cake. God bless America.


Could you post a link to any legal job with those qualities?


--LinkRemoved--

Lower pay in smaller markets. I think it is either Pittsburgh or Philly that is 48k starting with annual raises up to 60k followed by only merit raises. Also I notice you are OSU. In Columbus it is Prosecuting Attorney's office headed up by Ron O'Brien who is a good man. He was City Attorney before he took that on.

edit- just to be clear I used the Manhattan office because it lists its benefits right there. Some 4000 people apply for only 50 spots at that office. Those kind of benefits though exist in other less competitive cities though
Last edited by gobucks101 on Sun Oct 31, 2010 9:46 pm, edited 1 time in total.

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Lawl Shcool
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Re: Electives in a Secondary Market Law School

Postby Lawl Shcool » Sun Oct 31, 2010 8:33 pm

I stand corrected. Touche my friend.




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