ACROOS170 wrote:I've skimmed through about 20 pgs or so and didn't find anything particularly relevant to my question. However, if it has been answered, I apologize in advance...
Right now, I'm leaning toward Penn and its prestige over UTexas (close to home and feeds into markets I'm interested in) and Wash U (huge scholarship). Aside from the lure of attending an Ivy League law school, my preference for Penn primarily derives from their employment statistics. It seems that the top 2/3s of the class can feel pretty comfortable about their job prospects and salaries. But what about the bottom third?
Obviously, I don't expect the entire class to receive market salaries. However, if I am going to take out nearly $200k in debt, I need to be pretty convinced that I won't graduate with a sub 120k salary... much less a 65k salary...
I don't plan on finishing in the bottom third of my class but I doubt that anybody does... So, I am concerned. But how concerned should I be?
THANKS in advance!
*I guess I'm looking for specific answers (i.e. if you are in the bottom 20% or so, expect to scramble for employment up until graduation when you settle for midlaw or less in a market that wasn't in your top three choices...)
This is way too general. Depends on the markets that you are targeting. In my market, you probably won't find a firm where first years make above 120k. However, the cost of living is obscenely cheap. I will tell you that I have been offered at least 1 post-graduation job without my grades being requested at all. My summer associate firm (which pays associates in the low six figs) requested them, couldn't figure out what the hell them meant, and they were never mentioned again. Now if you want traditional NYC biglaw, it helps to be in the top 2/3 but I know kids in the bottom 1/3 who also got it. I wouldn't expect it though if your grades are that bad.
The bottom line is that you are very unlikely to graduate from Penn unemployed. It seems like its a minority of the class that can't get 6 figures if they want it.