Most stable job - lawyer!?!? Forum

[deathviaboredom]

http://www.nydailynews.com/money/toplis ... o_for.html

Number 2 is lawyer. LAWYER?!?!?!

[jayn3]

they clearly haven't seen this.

[A'nold]

Actually, contrary to the idiotic posts on this site, "lawyer" is a very stable job.

[crazycanuck]

Once you make partner it's probably the most stable job you can get.

Especially once you compare partners to CEOs/CFOs/other industry comparables who head their organizations.

[MrKappus]

Latham, v. (la-them), Lathamed
1. To layoff majority of First Year Associates in one office after only several months of work, before they even have any real written reviews;
2. to kill, destroy, fire without cause or dash one's hopes and dreams.

[let/them/eat/cake]

holy shit, this must be the nadir of self-awareness and irony:

"But it is bad form on campuses to bask in one's success, said Sue Landsittel, a Northwestern law student who will clerk at the 9th U.S. Circuit Court of Appeals in Seattle and join a top corporate firm after that. 'You want to celebrate your own good fortune, but you have to remember it's a delicate issue.'"

[A'nold]

holy shit, this must be the nadir of self-awareness and irony:

"But it is bad form on campuses to bask in one's success, said Sue Landsittel, a Northwestern law student who will clerk at the 9th U.S. Circuit Court of Appeals in Seattle and join a top corporate firm after that. 'You want to celebrate your own good fortune, but you have to remember it's a delicate issue.'"

Haha!

[cahesu]

--ImageRemoved--

[3ThrowAway99]

Repo man made the list of top 10 most stable jobs in NY.


Just to clarify given the snob memes that were posted (don't think they were directed at this post but I'm not sure): I didn't intend to mock anyone or someone's bad fortune, it just really cracked me up to see a picture of a guy breaking into someone's car along with the listing cited as the ninth most stable employment option in NY.

[A'nold]

--ImageRemoved--

Haha.

[jack duluoz]

"Job: Lawyer

Qualifications: A law degree and bar membership

Salaries: Start at $160K + bonus at the major firms

Safe because: There will be a wave of bankruptcy litigation as well as securities fraud suits and all of the various parties - creditors, insurers, and directors - will need lawyers.

Read more: http://www.nydailynews.com/money/toplis ... z0tCmJlKIt"

[legalease9]

Law is more stable than people on this site make it out to be. Now Law at 160k can be very unstable, especially ite. But if you look at the stats, most JD's (even from low-level schools) are employed at something related to law nine months after graduation!

While this may not be exciting when you are exiting out of law school with 100-200k in debt and you land a job paying 30k, compared to most professions, law is stable.

This idea i've heard on TLS that "any college graduate can land a job that pays 40k, so you might as well do that instead" is totally untrue. Most liberal arts graduates can't land shit Ite. And having a law degree will lead you to be more employable, so long as you are trying to work in the legal field.

NONE of this is to say Law school is necessarily worth it (especially if lack a strong desire to practice law and/or have a good paying job already), but a law degree will improve your chances of employment.

[legalease9]

"Job: Lawyer

Qualifications: A law degree and bar membership

Salaries: Start at $160K + bonus at the major firms

Safe because: There will be a wave of bankruptcy litigation as well as securities fraud suits and all of the various parties - creditors, insurers, and directors - will need lawyers.

Read more: http://www.nydailynews.com/money/toplis ... z0tCmJlKIt"

Yes, the bolded is epic bullshit.

[AJRESQ]

Actually, contrary to the idiotic posts on this site, "lawyer" is a very stable job.

Eh... depends on your practice areas. Imagine if your biggest client was Blockbuster Video.

It's stable for lawyers who know how to adapt and read the market.

[dk8]

Repo man made the list of top 10 most stable jobs in NY.

I think this will be my fall back plan

[legalease9]

I say college admissions officer is the way to go!

[sumus romani]

Once you make partner it's probably the most stable job you can get.

Especially once you compare partners to CEOs/CFOs/other industry comparables who head their organizations.

Let's try to to lose our heads here. I can think of tons of jobs that are more stable than partner at a law firm. How about tenured professor, for one?

Why the 'especially' sentence, which restricts the class of comparison to jobs with extremely high turnover? Just plain not helpful.

[presh]

.

[AJRESQ]

Law is more stable than people on this site make it out to be. Now Law at 160k can be very unstable, especially ite. But if you look at the stats, most JD's (even from low-level schools) are employed at something related to law nine months after graduation!

While this may not be exciting when you are exiting out of law school with 100-200k in debt and you land a job paying 30k, compared to most professions, law is stable.

This idea i've heard on TLS that "any college graduate can land a job that pays 40k, so you might as well do that instead" is totally untrue. Most liberal arts graduates can't land shit Ite. And having a law degree will lead you to be more employable, so long as you are trying to work in the legal field.

NONE of this is to say Law school is necessarily worth it (especially if lack a strong desire to practice law and/or have a good paying job already), but a law degree will improve your chances of employment.

The "employed 9 months out in law" is misleading. That can mean temporary document review or employed by your school's career services in a temp job. Plus, it only applies to people who bother to fill out the form.

In my opinion, the going salary for newly minted lawyers outside of biglaw is between $35k - $60k. 5 or 10 years out, on average it's somewhere in the six figures with a lot of outliers. A PI lawyer can make $800k in fees off the right case. A solo who bills 40 hours a week at $200 an hour, takes a two week vacation, and gets paid for every single hour he bills makes about $350k a year, minus overhead. Which means if you want to make a lot of money, you need to hire associates and bill them out at a profit, and have enough work to cover the associates' overhead.

[General Tso]

This idea i've heard on TLS that "any college graduate can land a job that pays 40k, so you might as well do that instead" is totally untrue. Most liberal arts graduates can't land shit Ite. And having a law degree will lead you to be more employable, so long as you are trying to work in the legal field.

Agree 100%. Many of the college/starting salary articles you see floating around the web are completely bogus. Eg) all of the Yahoo articles claiming engineers make 65k on average to start. That may be true for engineers coming out of T20 undergrads who landed competitive internships, but for the other 90% of engineers it is more like 35-45k.

And like you say, libarts grads are faring far worse.

[A'nold]

This idea i've heard on TLS that "any college graduate can land a job that pays 40k, so you might as well do that instead" is totally untrue. Most liberal arts graduates can't land shit Ite. And having a law degree will lead you to be more employable, so long as you are trying to work in the legal field.

Agree 100%. Many of the college/starting salary articles you see floating around the web are completely bogus. Eg) all of the Yahoo articles claiming engineers make 65k on average to start. That may be true for engineers coming out of T20 undergrads who landed competitive internships, but for the other 90% of engineers it is more like 35-45k.

And like you say, libarts grads are faring far worse.

This is the 100% truth, thus why all of the scam bloggers and those that believe that crap are absolutely retarded.

Edit: scambloggers either went to FESTERING ttt's like Florida Coastal or went in looking for big $$$$ and didn't get it upon graduation. Nothing more, nothing less.

These people should focus on the Cooley's of the world and the UG festering ripoffs like the University of Pheonix where they rip you off for 100k+ and actually make you basically less marketable than if you would have never gone in the first place.

[legalease9]

Once you make partner it's probably the most stable job you can get.

Especially once you compare partners to CEOs/CFOs/other industry comparables who head their organizations.

Let's try to to lose our heads here. I can think of tons of jobs that are more stable than partner at a law firm. How about tenured professor, for one?

Why the 'especially' sentence, which restricts the class of comparison to jobs with extremely high turnover? Just plain not helpful.

You can't compare a tenured professor to a starting legal associate. A tenured professor is like a firm partner. Both are INCREDIBLY stable. But both take a lot of work/luck/political maneuvering to achieve.

[nn223]

they clearly haven't seen this.

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[clintonius]

Once you make partner it's probably the most stable job you can get.

Especially once you compare partners to CEOs/CFOs/other industry comparables who head their organizations.

Let's try to to lose our heads here. I can think of tons of jobs that are more stable than partner at a law firm. How about tenured professor, for one?

Why the 'especially' sentence, which restricts the class of comparison to jobs with extremely high turnover? Just plain not helpful.

You can't compare a tenured professor to a starting legal associate. A tenured professor is like a firm partner. Both are INCREDIBLY stable. But both take a lot of work/luck/political maneuvering to achieve.

Um...

[chicagolaw2013]

Law is more stable than people on this site make it out to be. Now Law at 160k can be very unstable, especially ite. But if you look at the stats, most JD's (even from low-level schools) are employed at something related to law nine months after graduation!

While this may not be exciting when you are exiting out of law school with 100-200k in debt and you land a job paying 30k, compared to most professions, law is stable.

This idea i've heard on TLS that "any college graduate can land a job that pays 40k, so you might as well do that instead" is totally untrue. Most liberal arts graduates can't land shit Ite. And having a law degree will lead you to be more employable, so long as you are trying to work in the legal field.

NONE of this is to say Law school is necessarily worth it (especially if lack a strong desire to practice law and/or have a good paying job already), but a law degree will improve your chances of employment.

I'm a prime example of the bolded. Not the reason I'm going to law school, but the reason I'm going to law school NOW. Kind of wanted to get on my feet financially before taking on more debt, but I graduated from UG and the economy fucking exploded, so now was the time to do it.