Tiago Splitter wrote:mt2165 wrote:Ahhh ok that makes sense. Something I don't really comprehend as a 0L is the availability/viability of these exit options. Is there like an "average" case of what these look like to a CLS grad at a V20 firm after a few years. Like you have good, fulfilling options?
Depends on how you define good and fulfilling. If you want to make six figures for the rest of your life you'll be able to.
I have wondered about this too. TLS makes it seem like going in-house means earning 70k per year. I have read data on ATL that contradicts this and actually says that in-house attorneys make a ton of money because of cash and equity bonuses. Obviously GC are going to make a lot, but I would imagine that even associate counsel at big companies make $150k minimum in salary based on what the GC makes. If you go to a V100 or V50 are these types of exit options reasonable? Not just being above 6 figures, but being above $200k or at least $150k. At that level, it might be expensive in interest payments to keep up with the debt load, but I would gather it is certainly possible to pay it off. Thats a MAX of a 2:1 debt to income ratio, so it should be possible to get out from under it. Especially after paying it down from BigLaw. Am I wrong to think this way?