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Posted: Thu Jan 19, 2017 9:07 am
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Law School Discussion Forums
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https://www.top-law-schools.com/forums/viewtopic.php?f=1&t=273364
If the plan is to start with a firm it generally makes sense to take the money within the T-14.canafsa wrote:Part of my trouble is assessing how likely a unicorn job in, for example, Silicon Valley might be for going to Stanford as compared to NYU or whatever. I definitely value diverse exit options from BigLaw, but also definitely intend on practicing with a firm for at least a while.JohannDeMann wrote:Depends on goals. If I was hellbent on academia or unicorn jobs, I'd take sticker at Stanford. If biglaw or a good paying job generically was the goal, I'd mini me debt.
Out of curiosity, why is this? Is this because the school name doesn't really matter after your first legal job? So even if you want to leave the firm life in the future, and plan on trying to lateral to other things later, you should still take the money?Tiago Splitter wrote:If the plan is to start with a firm it generally makes sense to take the money within the T-14.canafsa wrote:Part of my trouble is assessing how likely a unicorn job in, for example, Silicon Valley might be for going to Stanford as compared to NYU or whatever. I definitely value diverse exit options from BigLaw, but also definitely intend on practicing with a firm for at least a while.JohannDeMann wrote:Depends on goals. If I was hellbent on academia or unicorn jobs, I'd take sticker at Stanford. If biglaw or a good paying job generically was the goal, I'd mini me debt.
Quoting for posterity and for relevance to the OP.Ferrisjso wrote:Yale, Harvard, Stanford,CUNY, NCC or University of District of Columbia.
Because it's stupid to pay borrow hundreds of thousand dollars more than you have to in order to get a random NYC biglawjob. NYC biglaw is the easiest job to get from a top school.TAD wrote:Out of curiosity, why is this? Is this because the school name doesn't really matter after your first legal job? So even if you want to leave the firm life in the future, and plan on trying to lateral to other things later, you should still take the money?Tiago Splitter wrote:If the plan is to start with a firm it generally makes sense to take the money within the T-14.canafsa wrote:Part of my trouble is assessing how likely a unicorn job in, for example, Silicon Valley might be for going to Stanford as compared to NYU or whatever. I definitely value diverse exit options from BigLaw, but also definitely intend on practicing with a firm for at least a while.JohannDeMann wrote:Depends on goals. If I was hellbent on academia or unicorn jobs, I'd take sticker at Stanford. If biglaw or a good paying job generically was the goal, I'd mini me debt.
Just wow. You need a disclaimer that follows you around this forum. Maybe something along the lines of:Ferrisjso wrote:Yale, Harvard, Stanford,CUNY, NCC or University of District of Columbia.
Why do you assume this?canafsa wrote:Does school prestige carries any weight at all for exit options from Big Law or partnership prospects? I can't imagine it carries none...
The prestige doesn't add ~$300k worth of value for the median graduate (and you should assume you'd graduate at or around median).canafsa wrote:Does school prestige carries any weight at all for exit options from Big Law or partnership prospects? I can't imagine it carries none...
I 10000% agree, which is whywhysooseriousbiglaw wrote:It never does, but it's not completely stupid if your parents have over 20 million and this is like joke money to them.
runinthefront wrote:If my parents were millionaires, I'd probably pay sticker price at Columbia and up (i.e., screw retaking the LSAT).
Carries none for partnershipcanafsa wrote:Does school prestige carries any weight at all for exit options from Big Law or partnership prospects? I can't imagine it carries none...
People can value things differently. If someone is hell bent academia, the price is worth it. 1-2 million might be worth it over a 30-40 year careerruninthefront wrote:The prestige doesn't add ~$300k worth of value for the median graduate (and you should assume you'd graduate at or around median).canafsa wrote:Does school prestige carries any weight at all for exit options from Big Law or partnership prospects? I can't imagine it carries none...
But how many people are going to get legal academia and stay 30 years? Tenure jobs are few and far between. I don't kno where to find data other than the Faculty Lounge and I've seen only a handful of tenure positions over the past few years.JohannDeMann wrote:People can value things differently. If someone is hell bent academia, the price is worth it. 1-2 million might be worth it over a 30-40 year careerruninthefront wrote:The prestige doesn't add ~$300k worth of value for the median graduate (and you should assume you'd graduate at or around median).canafsa wrote:Does school prestige carries any weight at all for exit options from Big Law or partnership prospects? I can't imagine it carries none...
The point I was trying to make is the best 3 schools are worth paying sticker for because they have such great opportunities/debt repayment options and the other ones are super affordable. I fail to see how this generates controversy at all.UVA2B wrote:Just wow. You need a disclaimer that follows you around this forum. Maybe something along the lines of:Ferrisjso wrote:Yale, Harvard, Stanford,CUNY, NCC or University of District of Columbia.
*this advice should carry no weight. I approach life and law school like a drunk three year old playing with a kitchen knife*
Of course you do.Ferrisjso wrote: The point I was trying to make is the best 3 schools are worth paying sticker for because they have such great opportunities/debt repayment options and the other ones are super affordable. I fail to see how this generates controversy at all.
Super affordable (for law school) doesn't mean something is a good financial investment.Ferrisjso wrote:The point I was trying to make is the best 3 schools are worth paying sticker for because they have such great opportunities/debt repayment options and the other ones are super affordable. I fail to see how this generates controversy at all.UVA2B wrote:Just wow. You need a disclaimer that follows you around this forum. Maybe something along the lines of:Ferrisjso wrote:Yale, Harvard, Stanford,CUNY, NCC or University of District of Columbia.
*this advice should carry no weight. I approach life and law school like a drunk three year old playing with a kitchen knife*