canesfan1986 wrote:Why is it valid to characterize only the midlaw or smaller jobs as the only ones available? Just because there are only a few at the top doesn't mean that they aren't available.
I normally stay out of these, but I'm from FL and have some knowledge on this issue. Miami is a highly desirable market for those from T25ish schools with connections to the city. Combine that with SA classes are down. Judging from NALP, there are maybe like 40-50 2L and 1L SA spots in whole city. A few firms still aren't hiring. The ones that do hire tend to be hiring 3, 4, 5 SAs maybe. Small classes, unlike years past when the economy was good. Firms love to have their pick of highly prestigious schools and will take them over UM grads with regularity.
Even assuming that Miami snapped up all the SA's left in the city, that would be only 10%ish of the people getting Biglaw. But judging from Calton Fields's most recent class, nothing even close to this is happening. Not a single UM student hired at the Miami office. Oh and by the way, Carlton Fields in one of the few firms that is actually doing well in the new economy. --LinkRemoved--
Recent hiring statistics confirm this, as UM does not even make the Top 50 for NLJ250 (rough approximation for biglaw) placement). The cutoff for #50 was 13.2%. What specific percentage we don't know, but judging from the state of FL's legal economy, it's horrendous. http://pdfserver.amlaw.com/nlj/law%20schools_charts_page12.pdf
UM doesn't even lock down the local market. UF's prestige is equal to or greater than UM's.
Debt should be the #1 issue for prospective UM students, as it will be sheer, dumb luck whether you land a biglaw SA. Anyone without full tuition or close to it needs to do some soul searching, as COL alone will put you close to $60k in the hole for three years.