rayiner wrote:jd20132013 wrote:I mean, do people actually think they're going to "enjoy" biglaw? Don't most people, especially those that post here, recognize that it's something that you do to get the loans paid off? I kind of feel like the associates here are attacking special snowflake 0L strawmen. If you paid attention in your summer to what people that weren't on the "summer committee" were actually doing surely you'd know what you were in for.
Or am I just overly cynical?
The 0L's are missing the point ITT. Its not about 0L's thinking that big law will be fun. Its 0L's signing up for enough debt where they have to work big law for several years. 0L's are optimistic about the extent to which they will even survive that long.
You see it in the employment stats threads. People treat big law as an outcome that justifies the investment. But its not really true if you burn out within three years, which half of people will do (statistically).
All this is related to a phenomenon I've seen on TLS, which is that people think firms push out second or third years. I'm sure some people get fired, but largely people aren't getting "the talk" that early. Firms would love for you to stick around for 6-8 years before telling you you're not on the partner track. Its those associates make them the most money, and the big entry level classes to keep the pipeline full costs the firm money. What people don't understand is the sheer percentage of folks that can't even put up with firm life for three years and leave of their own accord.
In addition, after those three years, after you've devoted almost all of your waking moments to the job (in your mid 20s, which you're not going to get back) and every spare dollar to paying down your debt, you are very likely to take a pay cut. Let's say that the average person leaving a v100 after 3 years ends up with a salary of $150,000, which I would think is actually optimistic. (even from my 'very prestigious' firm, tons of litigation people, and not just those on the mommy-track, end up in state or even city government.) There are lots of people who would not have been able to get there without law school, and for those, they have to decide if ending up at this salary is worth 3 years of law school and 3 years of biglaw. But a good-sized minority could have arrived at that salary point in 6 years of work without going to law school, and could have had a better QOL while doing so, at least for the 3 years that they were in biglaw.
You may respond that sure, that's true, but you're still a lawyer after those 6 years, and that's valuable to you as well. Well, maybe you're in the 10% of people that loves being a lawyer to the extent that law is the only viable path. But for most of us, while we may like being a lawyer, we also may have liked a number of other alternative paths that didn't put us through the wringer to this extent.