I'm a 0L and have no first-hand experience of the legal market
cusenation wrote: nbj08 wrote:
spyke123 wrote:the person probably should've gone to Harvard?.. I am in the camp that the decision should not be about minimizing expected debt, but rather maximizing expected earnings.
Agreed. The person likely wouldn't have been no-offered. I would take a biglaw job with $130k debt over no job with $30k debt any day (his/her figures, not mine).
Honesty, we're comparing Emory with Harvard. I suspect that person is trying to justify the decisions he/she has made. So I would take his/her 'advice' with a grain of salt.
I agree that the specifics of the message aren't completely transferable, and it wasn't meant to introduce a discussion on Harvard vs. Emory. But FWIW, NU isn't Harvard either. Outside HYS (maybe CCN), paying sticker at a T-14 shouldn't always be the default decision. Maybe I'm just too debt-averse? But I'm really nervous about the idea of incurring 150-220K of loans on the assumption that I'll be lucky enough
to have a long and financially stable legal career.
, but wording it like this is clearly borderline misinformation. If you are an average T-14 grad you'll not only have a job upon graduation, but a stable and lucrative one at that
Okay, 0L, would you like to explain to my above median friends who are personable and intelligent why they don't have a job then? Legal hiring, while numbers driven, is not all about numbers. Yes, top 10% at a T14 is probably set, but "average" is not, even now. Would you further like to explain to my no-offered friends, who were no offered because the firms over hired their SA class that they have no reason to worry because since they are median at a T14 they will have a nice and stable and lucrative career?
Yes, the T14 is a good bet compared to many other schools, but you're assessment of legal hiring is uninformed. Once you get past say the top 25% it is not as simple to say median and above = job and below median = no job. But as an 0L it's good you can explain what border line information is here. And as much as you may hate to believe it, much of hiring and being offered is luck (right place right time) or factors other than grades (work experience, affinity groups, personality, fit.
Edit: I also know a few people who were top 10-20% on LR who had trouble finding work because of fit/poor bidding/bad luck.