rad law wrote:Cut-and-pasted from another thread.
Sticker for Miami? Almost $200k? Surely you jest. If you're taking loans or aren't independently wealthy, biglaw is one of the only ways to effectively pay off this debt without becoming a pauper.
Miami is a highly desirable market for those from T25ish schools with connections to the city. Combine that with SA classes are down. Judging from NALP, there are maybe like 40-50 2L and 1L SA spots in whole city. A few firms still aren't hiring. The ones that do hire tend to be hiring 3, 4, 5 SAs maybe. Small classes, unlike years past when the economy was good. Firms love to have their pick of grads from highly prestigious schools and will take them over UM grads with regularity.
Even assuming that Miami snapped up all the SA's left in the city, that would be only 10%ish of the people getting Biglaw. But judging from Calton Fields's most recent class, nothing even close to this is happening. Not a single UM student hired at the Miami office (or in all of FL). Oh and by the way, Carlton Fields in one of the few firms that is actually doing well in the new economy. --LinkRemoved--
Recent hiring statistics confirm this, as UM does not even make the Top 50 for NLJ250 (rough approximation for biglaw) placement). The cutoff for #50 was 11%. What specific percentage we don't know, but judging from the state of FL's legal economy, it's horrendous. http://www.law.com/jsp/nlj/PubArticleNL ... hbxlogin=1 (for the record, for the class of 2009, they didn't make the cutoff when the cutoff was 13.2%, either).
UM doesn't even lock down the local market. UF's prestige is equal to or greater than UM's in South FL.
Debt should be the #1 issue for prospective UM students, as it will be sheer, dumb luck whether you land a biglaw SA. Anyone without full tuition or close to it needs to do some soul searching, as COL alone will put you close to $60k in the hole for three years. Small firms are available if you want to work for $35k-$50k in a high COL area. Making $40k when you have $60k debt is okay. But you may not even get a legal job. As for ASA, PD, City Atty., etc. positions, local govts. are cash strapped and aren't hiring many, if at all.
I know for a fact that the Miami PD/DA offices are very desirable and competitive. There are plenty of people from T14s who would love an ADA position in Miami. Great experience.