suspicious android wrote:pjo wrote:. . . Sorry for the long post, but I thought this might help someone out, or at least point out that half of TLS reads something in one post and automatically accepts it as true, then they go and post it in another post, which leads to a lot of ppl posting stuff they really don’t know much of anything about. I’m not calling anyone out or anything, I’m just saying.
There is probably a bit of exaggeration around here, but I think it's pretty natural to equate striking out on firm/clerkship/government/PI with unemployment. The result is, 200K in debt and a shitty, unenjoyable, low-paying job with less upside than they likely would have had if they had not gone to law school. 99% of people in law school are looking to get a good job they can be happy with, or at least one that pays a ton. Not getting either would mean, for most people, that law school was a failure.
Yeah I guess it just depends on expectations. If you go in expecting one of those jobs and don't get it then I could see that being devastating to someone. Still though, using what you said, I know ppl doing doc review and for the most part like what they do. Same with ppl doing personal injury or shitlaw type of stuff. As for the loans, I'd be happy to break down the figures of paying off 200k on 50k/yr salary, rphilly already referenced how IBR would kick in earlier in this thread. Keep in mind that most ppl on TLS are extremely risk averse (from what it seems). When I told my dad (a business owner) about my loan figures he really didn’t think too much of it. He had twice the amount of loans I’ll be taking out after 5 years of being in his business (he was 26 at the time) and he was still able to raise a family and live fine. It’s a risk, but I think of it as a calculated risk. TBH, I know a fair amount of successful business owners. Those that have been the most successful were in the most debt at one time or another. An interesting book that actually references what I am saying is Rich Dad, Poor Dad by Robert Kiyosaki FWIW. Like I said, making 40-50k/yr entry isn’t preferable, but it’s doable.
FWIW some other things I have witnessed that might make ppl on TLS heads explode: -PPL doing doc review that for the most part enjoy what they do. –PPL moving up from doc review to associate in a Biglaw firm. –Associates at a Biglaw firm that leave the office mostly everyday at 5:00 (granted the guy starts at like 6am, but still).