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Man from Nantucket
- Posts: 133
- Joined: Sun Mar 11, 2012 11:31 pm
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Grond
- Posts: 269
- Joined: Sun Jul 06, 2008 9:33 am
Re: Serious Question
If you really are the Man from Nantucket you should contact Para about a different career choice.Man from Nantucket wrote:How is LS even with Big Law worth it?
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Seriously? Is this a joke? How are these school administrators not in jail?
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dingbat
- Posts: 4974
- Joined: Wed Jan 11, 2012 9:12 pm
Re: Serious Question
Well, if your earnings goes from $50k per year to $160k per year, that's a jump of $110k per year. Now if we ignore interest, let's assume cost is $275k, add in another $150k for lost income, then we're at $425k. So, within 4 years of working (4*$110k) you're breaking even.Man from Nantucket wrote:How is LS even with Big Law worth it?
--LinkRemoved--
Seriously? Is this a joke? How are these school administrators not in jail?
Of course, factoring interest into account, it'll take longer, but then, lockstep salaries increase every year at biglaw. Practically speaking, the breakeven point will be around 6-10 years, depending on interest rates, bonuses, etc.
So, for those who get (and keep) biglaw, it's absolutely worth it. Of course, for those who strike out, well, that's a different story
