Half of the class wind up in government, public interest, and Very Small or Small firms.
and...? you don't know that those in government and public interest didn't do it by choice. government offers great benefits and early retirement in addition to interesting career paths (although i don't think they would be for me). public interest offers an opportunity to do something very noble with your degree. furthermore, there are many organizations that will pay back or help you pay back your loans if you are committed to public interest law. as for small and very small firms- while they don't offer the big money out of the gate for law students, they do offer opportunities for advancement and experience. so while that 1st year associate is only making 60k out of the gate, perhaps in 5 years they will be making well over 100k, either with that small firm or with another they were able to switch over to. it is important to keep in mind that these are only numbers for the first year out of law school. at that point, i will be 26. i don't need
to make six figures when i am 26- although i definitely wouldn't mind.
Another fifth (the same fifth that couldn't manage to pass the bar) wind up in Business & Industry, which means flipping burgers or temping for California minimum wage (notice that they report no salary data at all for this category)
so not working in the legal profession automatically makes you a minimum wage worker? pretty sure you would still have more education than about 99% of Americans, and so I highly doubt that law school graduates who placed low in their class or didn't pass the bar are being reduced to "flipping burgers" or standing in temp lines.
and speaking of bar pass rates, it is interesting to note that while loyola has a 78% pass rate, boalt is only 82%. are we to assume that those despicable 18% boalt grads are flipping burgers as well?
The top 1/5 of the class seems to do well, more or less, maybe with a bit of struggle for those outside the top 10%. If you feel good about dealing with $150k debt on a $45k salary, or having to rank in the top 15% to get a job through OCI and earn north of $100k, then you may agree that they, "place pretty well," and, "it's not as bad as they say." This does not mean that going to Loyola will absolutely prevent you from getting a good legal job or making decent money. But don't kid yourself -- the odds are 4 in 5 against.
i don't know anybody who would feel good about $150k in debt on a $45k salary, but that is certainly the extreme in both cases, wouldn't you say? the number of people who are covering 100% of their educational costs and
earning at the lowest point on the pay scale are likely few and far between. in fact, i would be willing to guess that many of those who are covering their full tuition are more likely to come out on top, as their investment and risks are that much greater.
if 66/405 are working in very large firms, and another 29 are in medium-large, then that is a total of 95/405 working in medium-very large firms, or 23.5%. if you use the same numbers for those who actually go into private practice (again, we can't just assume that those unfortunate souls who go into public interest or government are doing so against their will, and there is no need to include those who don't pass the bar) you get 96/238, or 40.3%. both of these are about what i would expect from a school like loyola.
You'll notice that they report averages here rather than medians or quartiles, in order to obfuscate the actual distribution.
actually, you'll notice that they do use medians. they also use averages. take another gander. i'm pretty sure i'll be able to live with myself if I am making 70k/year when i am 26 years old (which would be the median at a very small firm- i know how you love medians).
look, i was never trying to present this as if LLS somehow equated to HLS in terms of employment prospects. obviously they are not even close to being in the same league. what i was hoping to do, and what I am pretty sure I have done, is show that employment prospects out of LLS (yes, there are many of us who are actually considering going here- you know, the ones who didn't get in at t14 schools) are not as dire as Loyola2L or sockpuppet would have us think. the whole point i was making was that it seems like on TLS there is an attitude that if you aren't making 150k/year directly out of law school that it would be a complete waste of time and money to attend law school.
perhaps i am a bit more optimistic about LLS and their placement because of the 2/3 scholarship I have been offered there (which obviously makes my financial situation much more managable and my stress over finding a six-figure income slightly alleviated).
i think we are reading the employment opportunities here pretty much in the same way, although perhaps our standards of what constitutes a good job is where we deviate from one another...