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AtlasNYC wrote:I am inspired by this and would one day want to start my own firm as well, but is there a certain time period in which you should do so? Most people I ask that are lawyers in firms keep telling me the same thing which irritates me: you need clients, you need experience, you need connections, making a firm is a lot harder than you think, don't consider it until you are 10-15 yrs out of school. Basically, they keep saying, don't do it til you are like 40.

AtlasNYC wrote:Well this is all hypothetical as I'm still in undergrad but I'm just wondering what are the career routes most people take after graduating from a T-14 and joining Big Law. Say for example, you are 25, fresh out of NYU Law school with $150k in debt. You sign onto a biglaw firm for a starting salary of $160k and slowly start to pay off your debt. Now most people say grads stay at biglaw for only 2-3 years. So what do they tend to do afterwards? If they want to stay making money that is. I would like to one day have my own law firm. My boss made his own law firm 3 years out of cuny school of law in queens (he was 28). He is now 34, drives a bentley, makes over $1 million a year, and is heavily funds political campaigns (something I have been always interested in, basically he is living the life I would one day want to live). I am inspired by this and would one day want to start my own firm as well, but is there a certain time period in which you should do so? Most people I ask that are lawyers in firms keep telling me the same thing which irritates me: you need clients, you need experience, you need connections, making a firm is a lot harder than you think, don't consider it until you are 10-15 yrs out of school. Basically, they keep saying, don't do it til you are like 40.

So basically what I am asking is, after 2-3 yrs in biglaw, what is next for someone who wants to start his own firm? Should they stay in biglaw (idk if this is possible as I have read people can stay only 2-3 yrs), start their own thing, or do something else.

Also, what do most people do after biglaw in general?

Big Shrimpin wrote:

AtlasNYC wrote:Well this is all hypothetical as I'm still in undergrad but I'm just wondering what are the career routes most people take after graduating from a T-14 and joining Big Law. Say for example, you are 25, fresh out of NYU Law school with $150k in debt. You sign onto a biglaw firm for a starting salary of $160k and slowly start to pay off your debt. Now most people say grads stay at biglaw for only 2-3 years. So what do they tend to do afterwards? If they want to stay making money that is. I would like to one day have my own law firm. My boss made his own law firm 3 years out of cuny school of law in queens (he was 28). He is now 34, drives a bentley, makes over $1 million a year, and is heavily funds political campaigns (something I have been always interested in, basically he is living the life I would one day want to live). I am inspired by this and would one day want to start my own firm as well, but is there a certain time period in which you should do so? Most people I ask that are lawyers in firms keep telling me the same thing which irritates me: you need clients, you need experience, you need connections, making a firm is a lot harder than you think, don't consider it until you are 10-15 yrs out of school. Basically, they keep saying, don't do it til you are like 40.

So basically what I am asking is, after 2-3 yrs in biglaw, what is next for someone who wants to start his own firm? Should they stay in biglaw (idk if this is possible as I have read people can stay only 2-3 yrs), start their own thing, or do something else.

Also, what do most people do after biglaw in general?

180 poast dood...and lol at a desire to fund political campaigns.