sinfiery wrote:Yeah, the money at the margins is exactly the money that goes towards paying off student loans. Losing 25k a year towards loans will make many, many people rethink going to law school.
HYS would literally be a bad investment because no merit scholarships.
If they seriously are not worried about who goes to law school, whatever I guess.
Do HYS have any aid at all? Didn't know about the no merit scholarships. Isn't cost of attendance $225K at HYS?
I guess it's still the same thing though, no? If the biglaw firms cut your bonuses or they lay you off/fire you sooner, in order to adjust to market conditions, then a law student will still be unable to pay back their loans as easily.
I get what people are saying above, however, in that it's just more tricky the way they do it. Sneaky sneaky. They may not lower your base salary, but if they mess with you in other ways where it turns out the same (financially), then that's just as bad?
I just started a thread on biglaw's layoffs/overcapcity from a piece at Above The Law today over in the general Law FAQ section: viewtopic.php?f=5&t=212691
Kind of some scary news coming out of biglaw in the wake of Weil.
Do people think this is the start of a new storm of layoffs?