xo says oci 2010 will be worse than 2009. thoughts? Forum

[09042014]

Xo, the place to find out where SA's go to law school and in the same thread be called a [derisive term for a homosexual male].


MOD EDIT: please play nice with word filters

[Anonymous User]

I am summering at a V20 firm and all the partners and attorneys I spoke with say things are picking up. The attorneys say they are understaffed and overworked. Partners say more and more business keeps coming in. There is talk of more flat fee billing in the future but what they all are telling me is that business is picking up and they need to hire more people to work it. So I am hearing relatively positive things from the firm I am currently at. No one can tell the future obviously but I think this bodes well for 2010. I would be pretty shocked if oci 2010 was worse than 2009.

Do you think there's any chance they will hire 3L's who missed the BigLaw boat in 2009 for post-grad positions?

[Anonymous User]

http://www.economist.com/opinion/Printe ... d=16216363

[Kobe_Teeth]

http://www.economist.com/opinion/Printe ... d=16216363

"But the world’s biggest economy does not seem on the verge of a second recession. For all their heavy debts, American consumers have returned to the shops. Their confidence is rising as the economy is producing jobs (albeit not enough of them). And Congress seems likely to slow the pace of fiscal tightening with a new “mini-stimulus” of temporary spending."

"Growth prospects look grimmest in Europe."

Actually, both Europe and the U.S. are in a race to ramp up exports to substitute for the lack of domestic demand. If Europe double-dips and the U.S. does not, then, well, that's actually kinda awesome.

Remember, The Economist is an international publication that comes from England. It focuses a lot on America but only because we are by far the world's largest ECONOMY which is of particular interest to a publication named The ECONOMIST.

And again, the legal market and financial markets move somewhat independently of each other. Basing your decision to go to law school on whatever number the DOW Jones finishes at today is kinda silly.

[miamiman]

http://www.economist.com/opinion/Printe ... d=16216363

"But the world’s biggest economy does not seem on the verge of a second recession. For all their heavy debts, American consumers have returned to the shops. Their confidence is rising as the economy is producing jobs (albeit not enough of them). And Congress seems likely to slow the pace of fiscal tightening with a new “mini-stimulus” of temporary spending."

"Growth prospects look grimmest in Europe."

Actually, both Europe and the U.S. are in a race to ramp up exports to substitute for the lack of domestic demand. If Europe double-dips and the U.S. does not, then, well, that's actually kinda awesome.

Remember, The Economist is an international publication that comes from England. It focuses a lot on America but only because we are by far the world's largest ECONOMY which is of particular interest to a publication named The ECONOMIST.

And again, the legal market and financial markets move somewhat independently of each other. Basing your decision to go to law school on whatever number the DOW Jones finishes at today is kinda silly.

all of the world's major economies are highly correlated with another. if europe double dips because it's insolvent, we're all fucked.

[Kobe_Teeth]

I would say that that would depend on the severity of the dip.

But yea, if Europe becomes insolvent, which it won't, then we would be fucked too.

[ahnhub]

Bump. Well the post-mortem on this thread is in: xoxo was wrong. 2010 oci marked an uptick from 2009. NYC in particular seemed to do a lot better--maybe 25-30% more SA positions in 2010, after 2009's absolute s***-show. But it didn't seem to treat everyone equally--Michigan went from 51% in summer SA firm jobs to 55%.

[mrloblaw]

...Did you just come in via time machine from 16 months ago?

[ggibelli]

...Did you just come in via time machine from 16 months ago?

[ahnhub]

...Did you just come in via time machine from 16 months ago?

No, I just hate things that are left unresolved. By the way, how did NYU OCI go this year?

[koalatriste]

...Did you just come in via time machine from 16 months ago?

No, I just hate things that are left unresolved. By the way, how did NYU OCI go this year?

extremely, extremely well.

[Anonymous User]

...Did you just come in via time machine from 16 months ago?

No, I just hate things that are left unresolved. By the way, how did NYU OCI go this year?

I know some kids around median that were pulling in V5 firms. Every single person I speak with is set, and most of my friends have V10 firms (very few are LR kids). I got a V20, and somehow manage to feel inferior to a large number of friends (I'm kidding obviously, since I'm thrilled with the firm I picked, but you get what I mean). Went very well overall.

[cubbiesyear]

...Did you just come in via time machine from 16 months ago?

No, I just hate things that are left unresolved. By the way, how did NYU OCI go this year?

I know some kids around median that were pulling in V5 firms. Every single person I speak with is set, and most of my friends have V10 firms (very few are LR kids). I got a V20, and somehow manage to feel inferior to a large number of friends (I'm kidding obviously, since I'm thrilled with the firm I picked, but you get what I mean). Went very well overall.

Serious?

[Anonymous User]

...Did you just come in via time machine from 16 months ago?

No, I just hate things that are left unresolved. By the way, how did NYU OCI go this year?

I know some kids around median that were pulling in V5 firms. Every single person I speak with is set, and most of my friends have V10 firms (very few are LR kids). I got a V20, and somehow manage to feel inferior to a large number of friends (I'm kidding obviously, since I'm thrilled with the firm I picked, but you get what I mean). Went very well overall.

Serious?

Different anon. I agree with the general proposition that EIW went well, although I know a couple of people that haven't found anything. It certainly feels better than 2010, when (according to OCS) 78% of people received an offer.

I will say that I saw the same 40 or so people at various post-offer events in the V10. I get the sense that people were either swimming in offers, or just eeked by with one or two.

[Anonymous User]

I will say that I saw the same 40 or so people at various post-offer events in the V10. I get the sense that people were either swimming in offers, or just eeked by with one or two.

Yes, this. There is a 40-50 page thread on this somewhere.
It went well (probably better than 2010) but not as well as many people on TLS implied, either because they are lying to make their school look better or because they are only friends with nerds with great grades.

[Anonymous User]

...Did you just come in via time machine from 16 months ago?

No, I just hate things that are left unresolved. By the way, how did NYU OCI go this year?

I know some kids around median that were pulling in V5 firms. Every single person I speak with is set, and most of my friends have V10 firms (very few are LR kids). I got a V20, and somehow manage to feel inferior to a large number of friends (I'm kidding obviously, since I'm thrilled with the firm I picked, but you get what I mean). Went very well overall.

Serious?

Yeah, though most of my friends are transfers, people from my journal, and the people I sit by in my 2L classes (and my circle of acquaintances isn't exactly huge, but I'd say its about 20-25 or so people). Transfers of course always have a very high level of success. My journal, while not LR, is still one of the top journals we have and nearly the entire roster has something really solid. We do assigned office hours for journal, and of the 6 people in my timeslot, 4 have V10 offers. I think the most telling is the final group, and thats the random people I sit next to in my 3 classes. Of those 6 people, all 6 are working for V15 or higher firms. Perhaps sitting toward the front of the classroom skews the sample, but it still seemed pretty telling to me.

I've certainly heard of some people who are still searching, or who didn't get quite what they wanted. But I don't know any personally.

[ahnhub]

So your OCS said 78% received an offer in 2010, and this seems to be a trustworthy number, and 2011 OCI seems to have done as good, if not a little bit better? That's still f'ing AMAZING.

[cubbiesyear]

So your OCS said 78% received an offer in 2010, and this seems to be a trustworthy number, and 2011 OCI seems to have done as good, if not a little bit better? That's still f'ing AMAZING.

Is there a thread yet for compiling 2011 school OCI data? Or has this data not been released yet? (i've seen the one for firms - #of SAs and where they're from; I'm talking schools)

[Anonymous User]

So your OCS said 78% received an offer in 2010, and this seems to be a trustworthy number, and 2011 OCI seems to have done as good, if not a little bit better? That's still f'ing AMAZING.

Is there a thread yet for compiling 2011 school OCI data? Or has this data not been released yet? (i've seen the one for firms - #of SAs and where they're from; I'm talking schools)

No. Current NYU 1Ls won't have access to 2011 data until OCS provides it next April.

And yes to anhub's quote above you.

[cubbiesyear]

So your OCS said 78% received an offer in 2010, and this seems to be a trustworthy number, and 2011 OCI seems to have done as good, if not a little bit better? That's still f'ing AMAZING.

Is there a thread yet for compiling 2011 school OCI data? Or has this data not been released yet? (i've seen the one for firms - #of SAs and where they're from; I'm talking schools)

No. Current NYU 1Ls won't have access to 2011 data until OCS provides it next April.

Thanks. But dang...so far away. Generally the same time frame for other schools?