Post
by Rule11 » Thu Feb 24, 2011 3:49 pm
Remember: even when a small law job does pay $60k (Cardozo's massaged numbers say this is the median for small firms, so there are plenty--to wit, half--that do not reach that level), such a job does not entail reduced billable hours vs. a big firm. Making $60K for 70 hour weeks is not really what most people are hoping to do after sinking time and money into law school--and that's assuming one gets a job at all.
Another thing to consider is that many of the larger firm jobs that Cardozo includes in its stats are not associate positions, but rather staff attorney (if lucky) or temporary/transient doc review (which has literally no advancement potential). The 2009 NLJ numbers posted earlier in the thread (20% for Cardozo during the boom) illustrate this point well, particularly when you bear in mind that many of the firms outside of the top 100 or so pay considerably less than what most people think of as "biglaw." Near the bottom we're in the territory of ID/Med-Mal firms--$50K and a cubicle can be yours for just 60 or 70 hours per week of pushing paper (+ LS debt!).
I mention the above not to provide an exhaustive list of the ways in which the Cardozo stats are misleading, but rather just to whet your appetite, should you care to look past the least reliable source of information. I know quite a few people who went to Cardozo (think more than 40). Some have done well, but most have not. Actually, most that I know are either unemployed or employed in a non-legal capacity, at a job they could have gotten without a J.D. Some had to omit their J.D. from their resumes before they could get interviews.