Transferring into the t14, OCI, career prospects.. [UPDATED]
Posted: Mon Mar 01, 2010 4:26 am
Preface:
The answers you get for whether transferring is worth it will vary based on who you ask. For the [EDIT- around 30%] of transfers that got 2L summer associate offers at firms that they would have had no shot at if they would have remained at their old school, transferring is hand down worth it and they will tell you that, and I don’t dispute that one bit.
I also want to address the “t14 isn’t a golden ticket” comment first, since I know it is coming. I recognized that transferring to a t10 wouldn’t be any sort of a golden ticket and actually believed that I may very well not be able to get an offer at a large firm out of OCI. However, what I did believe is that I would be able to find something that pays more then what I made as working at the local DMV while in college. In fact, I would believe that everything is good and worked out if I could even find a job paying somewhere between $70-80K /year out of law school. I came to law school because I want to be a lawyer, and not because I though I was going to get rich, and even that salary post-taxes and post-student loan repayment would leave me with enough money to live close to as well as the average American.
Lastly, I am disclosing quite a bit of information here so I would appreciate it if you guys would refrain from trying to guess what school I go to (I’m already narrowing it down to 3 schools).
Background:
Just to begin I am a t10 transfer student and transferred from a t3.
[EDIT]
After my first year I was in the top 5 students in my class at my t3 (top 2%). I pulled straight As my entire first year (i.e. As and A-s). I had several book awards (highest grade in the class) in several classes, including LRW both semesters. I also had the best memo/brief both semesters.
Comparing my current GPA at my t10 to the graduating class last year, I am roughly at top 5% of my class currently at my t10. However, I am not on a journal (I only applied to law review, which is an extremely competitive process for transfers, and really didn’t like the idea of wasting countless mind numbing hours citechecking other people’s citations unless there was a real benefit to it, such as the one that law review offers). However, what that means is clerking is not going to be an option – I would like to get onto a journal now, but it’s too late.
My transfer experience:
Academic experience
Academically, I really like my new school. It is like the difference between night and day between my t3 and this t10. Literally everything is better from the clinics offered, the professors, the general student body, etc. I think the most rewarding part is that professors don’t treat students like idiots here like they did at my t3 (which, admittedly, a lot of my classmates weren’t the brightest of people). However, I’m leaving this discussion brief because I no one spends close to $70K /year for an academic experience. The only pragmatic reason for spending this kind of money at your transfer school is for career prospects that offset that cost.
Career prospects
In terms of career prospects, I really see absolutely no appreciable benefit from transferring. The way I look at this, I spent $140K for a whole 6 interviews via OCI. That’s right, 6 fucking interviews, across a span of 5 days (although most of the employers came on the first couple days)! [EDIT]. However, when the interview list came back I got a total of 11 interviews total, and out of that 11 interviews, 5 were the “reach” top of the vault chart firms (leaving me with 6 OCI interviews with firms I had a shot at). However, at this point I didn’t let that get to me and just started a mailing list to direct send to firms.
During the fall after the OCI list was released I applied to every single firm on NALP in one major market (either NY, LA, or Chicago – I’m trying to retain some anonymity here), and applied to every single NALP firm in 3 other states, including the one my school is in. Additionally, I applied to every firm that was over the size of 10 attorneys in that same major market. Then I applied to every single federal government agency that there is, as well as a few state agencies in NY/LA/Chicago. I ended up a total of 1 phone screening interview from a firm in the state my school is in, and 1 other screening interview. Besides that, I was rejected from every single employer I applied to. Then later, I was rejected by every single firm I interviewed with at OCI as well as those 2 firms I interviewed with from outside of OCI. Altogether, I am sure I applied to over 500 legal employers. I also want to note that my resume and cover letter were read thoroughly and “cleaned up” as much as possible by the CSO (I had them read it 3 times), so there wasn’t just some typo or other mistakes on there – both of those were literally as clean at they could be. After this point I went into our CSO and talked about this and they really had little advice for me. They told me to try to apply to some in-house positions, but there were literally none listed at this point.
After spring grades came out (had straight As here at my t10 – around top 5%), I applied pretty heavily again. I should note that grades didn’t come out until February) I applied to:
-A total of 120 judges for judicial internships (including all federal judges in those locations, and the state supreme court, and state court of appeals in the state I am in),
-Every single corporate in-house position listed on our board for any state (around 50 listings),
-I reapplied to every 10+ law firm in NY/LA/Chicago that I previously applied to (including all shitlaw practices),
-Every single law firm over 2 attorneys in NY/LA/Chicago (including all shitlaw practices),
-Every single 10+ law firm in 2 other states (including the one my school is in) (including all shitlaw practices), and
- 10 public defender’s offices
Altogether, I am sure I applied to around 1500 legal employers in the spring. I ended up getting a total of 7 interviews out of the judges I applied to, 1 interview with one of the PDs offices, 1 offer from the local PDs office, and 1 law firm interview in the state my school is in. Besides that, I received rejection letters from every single place I applied to (you should have just seen my mail & email boxes for the first couple weeks after applying to all these places).
The law firm that I got an interview from practices in personal injury/medical malpractice and is approximately a size of 20 attorneys. I ended up interviewing with the law firm first out of everything and received an offer via email by the time I came home from the interview. I talked to the CSO and they told me that I should accept the offer and just withdraw elsewhere since it would be my best bet if I want to work at some firm post-graduation, and therefore, I did just that. I fucking hate personal injury and have absolutely no desire to practice in this area of law (and really don’t want to be in this state either – I just transferred here with the thought it was “national” in placement and would allow me to find work in my home state of NY/CA/IL). Additionally, I am being compensated the same this summer as a first-year associate at this firm, which comes out to $37K /year!! The sad thing about this is that I don’t doubt for a second that I would not have gotten this summer associateship had I not transferred and had the grades I do at my current school, and the grades I did in LRW last year.
The financial aspect
FINANCIALLY, I WOULD SAY THAT TRANSFERRING IS HANDS DOWN THE WORST DECISION OF MY LIFE. I was about $40K in debt after my first year. I will admit that I went against the grain in terms of advice given here and I went to law school with the mentality that I would either make top 5 people at the end of the first year or I would drop out. I mean I graduated with a 4.0 out of my undergrad intuition across my last 70 credits (although my LSAC GPA was terrible since I transferred to my graduating institution after spending 3.5 years trying to figure out what I wanted to do – it was barely over a 3.0 according to LSAC), and graduated with an MBA with a 4.0 as well. Luckily (sic- unluckily?) it worked out and I actually made top 5 people. I was offered a full-ride after my first year of law school and that would have allowed me to leave law school with $40K in student debt + interest. By transferring I am now going to be around $200K in student debt total (including interest across those 2 years) and job prospects that are shittier than what my options were leaving undergrad.
Leaving undergrad I posted my resume on my school’s career services bulletin (I wasn’t actively searching for work at that point since I knew I wanted to attend grad school), and my best job offer from that was $60K + a company car in a major city. As of right now I believe that I would be extremely lucky to leave law school with even a $40K /year attorney job, and after taxes that would roughly come out to $27K /year, after my $25K /year loan repayment I would be left with $2K /year to live on (this assumes a typical 10 year repayment). Personally, I don’t want to repay these student loans for the next 25 years via IBR for private practice, only to get hit with a tax bill that’s going to be so large that it will swallow any assets I accumulate by then (such as a house, etc). I also don’t like the idea of repaying my student loans when I am into my 50s, and the possibility of going bankrupt when I get hit with the tax bill. Therefore, I think my best option is going to be to go back to my DMV job because it would allow me to work a reasonable 40 hours a week, provide great benefits, and most importantly it would fall under the 10 year public service IBR debt forgiveness. What makes me angry about this whole situation is that by doing that I will have effectively thrown out both my BSB and MBA degrees, as well as my law degree, since I will have no possibility of getting a job in the business or legal field after spending 10 years working at a DMV.
How did other transfers fare ITE?
At my school it seems like it was somewhere around [EDIT 30%] of the transfers that managed to get some type of summer associateship out of OCI (could be slightly better/worse—I don’t know every transfer). I heard it was a lot worse at other law schools for transfers. Also, out of the transfers that did get something from OCI many of them fall into either the URM category or LBGT category. Also, people who did 1L SAs got 2L SAs (not really a huge surprise). Overall, whether it’s worth it: it’s really tough justifying $200K in debt for what amounts to a coin toss. I mean it’s literally a complete coin toss bet because all of us transfers had stellar 1L grades; yet, half of us got screwed by the economy. What I can tell you is that this is not how it was last year for t14 transfers, and I wouldn’t have transferred if I knew I was up against [worse than] 50/50 odds that I would end up with a lifetime of student debt and no reasonable method of repaying it.
Final Note
I also want to note that my purpose of starting this thread is not to try and convince people not to transfer. After all, if you are accepted into a t14 from a lower ranked school you obviously did extremely well your first year and deserve to go somewhere better. However, I do want people to know what kind of odds they are up against (something better then what you would find on the school’s “career statistics”), and the risk they are taking by transferring ITE.
The answers you get for whether transferring is worth it will vary based on who you ask. For the [EDIT- around 30%] of transfers that got 2L summer associate offers at firms that they would have had no shot at if they would have remained at their old school, transferring is hand down worth it and they will tell you that, and I don’t dispute that one bit.
I also want to address the “t14 isn’t a golden ticket” comment first, since I know it is coming. I recognized that transferring to a t10 wouldn’t be any sort of a golden ticket and actually believed that I may very well not be able to get an offer at a large firm out of OCI. However, what I did believe is that I would be able to find something that pays more then what I made as working at the local DMV while in college. In fact, I would believe that everything is good and worked out if I could even find a job paying somewhere between $70-80K /year out of law school. I came to law school because I want to be a lawyer, and not because I though I was going to get rich, and even that salary post-taxes and post-student loan repayment would leave me with enough money to live close to as well as the average American.
Lastly, I am disclosing quite a bit of information here so I would appreciate it if you guys would refrain from trying to guess what school I go to (I’m already narrowing it down to 3 schools).
Background:
Just to begin I am a t10 transfer student and transferred from a t3.
[EDIT]
After my first year I was in the top 5 students in my class at my t3 (top 2%). I pulled straight As my entire first year (i.e. As and A-s). I had several book awards (highest grade in the class) in several classes, including LRW both semesters. I also had the best memo/brief both semesters.
Comparing my current GPA at my t10 to the graduating class last year, I am roughly at top 5% of my class currently at my t10. However, I am not on a journal (I only applied to law review, which is an extremely competitive process for transfers, and really didn’t like the idea of wasting countless mind numbing hours citechecking other people’s citations unless there was a real benefit to it, such as the one that law review offers). However, what that means is clerking is not going to be an option – I would like to get onto a journal now, but it’s too late.
My transfer experience:
Academic experience
Academically, I really like my new school. It is like the difference between night and day between my t3 and this t10. Literally everything is better from the clinics offered, the professors, the general student body, etc. I think the most rewarding part is that professors don’t treat students like idiots here like they did at my t3 (which, admittedly, a lot of my classmates weren’t the brightest of people). However, I’m leaving this discussion brief because I no one spends close to $70K /year for an academic experience. The only pragmatic reason for spending this kind of money at your transfer school is for career prospects that offset that cost.
Career prospects
In terms of career prospects, I really see absolutely no appreciable benefit from transferring. The way I look at this, I spent $140K for a whole 6 interviews via OCI. That’s right, 6 fucking interviews, across a span of 5 days (although most of the employers came on the first couple days)! [EDIT]. However, when the interview list came back I got a total of 11 interviews total, and out of that 11 interviews, 5 were the “reach” top of the vault chart firms (leaving me with 6 OCI interviews with firms I had a shot at). However, at this point I didn’t let that get to me and just started a mailing list to direct send to firms.
During the fall after the OCI list was released I applied to every single firm on NALP in one major market (either NY, LA, or Chicago – I’m trying to retain some anonymity here), and applied to every single NALP firm in 3 other states, including the one my school is in. Additionally, I applied to every firm that was over the size of 10 attorneys in that same major market. Then I applied to every single federal government agency that there is, as well as a few state agencies in NY/LA/Chicago. I ended up a total of 1 phone screening interview from a firm in the state my school is in, and 1 other screening interview. Besides that, I was rejected from every single employer I applied to. Then later, I was rejected by every single firm I interviewed with at OCI as well as those 2 firms I interviewed with from outside of OCI. Altogether, I am sure I applied to over 500 legal employers. I also want to note that my resume and cover letter were read thoroughly and “cleaned up” as much as possible by the CSO (I had them read it 3 times), so there wasn’t just some typo or other mistakes on there – both of those were literally as clean at they could be. After this point I went into our CSO and talked about this and they really had little advice for me. They told me to try to apply to some in-house positions, but there were literally none listed at this point.
After spring grades came out (had straight As here at my t10 – around top 5%), I applied pretty heavily again. I should note that grades didn’t come out until February) I applied to:
-A total of 120 judges for judicial internships (including all federal judges in those locations, and the state supreme court, and state court of appeals in the state I am in),
-Every single corporate in-house position listed on our board for any state (around 50 listings),
-I reapplied to every 10+ law firm in NY/LA/Chicago that I previously applied to (including all shitlaw practices),
-Every single law firm over 2 attorneys in NY/LA/Chicago (including all shitlaw practices),
-Every single 10+ law firm in 2 other states (including the one my school is in) (including all shitlaw practices), and
- 10 public defender’s offices
Altogether, I am sure I applied to around 1500 legal employers in the spring. I ended up getting a total of 7 interviews out of the judges I applied to, 1 interview with one of the PDs offices, 1 offer from the local PDs office, and 1 law firm interview in the state my school is in. Besides that, I received rejection letters from every single place I applied to (you should have just seen my mail & email boxes for the first couple weeks after applying to all these places).
The law firm that I got an interview from practices in personal injury/medical malpractice and is approximately a size of 20 attorneys. I ended up interviewing with the law firm first out of everything and received an offer via email by the time I came home from the interview. I talked to the CSO and they told me that I should accept the offer and just withdraw elsewhere since it would be my best bet if I want to work at some firm post-graduation, and therefore, I did just that. I fucking hate personal injury and have absolutely no desire to practice in this area of law (and really don’t want to be in this state either – I just transferred here with the thought it was “national” in placement and would allow me to find work in my home state of NY/CA/IL). Additionally, I am being compensated the same this summer as a first-year associate at this firm, which comes out to $37K /year!! The sad thing about this is that I don’t doubt for a second that I would not have gotten this summer associateship had I not transferred and had the grades I do at my current school, and the grades I did in LRW last year.
The financial aspect
FINANCIALLY, I WOULD SAY THAT TRANSFERRING IS HANDS DOWN THE WORST DECISION OF MY LIFE. I was about $40K in debt after my first year. I will admit that I went against the grain in terms of advice given here and I went to law school with the mentality that I would either make top 5 people at the end of the first year or I would drop out. I mean I graduated with a 4.0 out of my undergrad intuition across my last 70 credits (although my LSAC GPA was terrible since I transferred to my graduating institution after spending 3.5 years trying to figure out what I wanted to do – it was barely over a 3.0 according to LSAC), and graduated with an MBA with a 4.0 as well. Luckily (sic- unluckily?) it worked out and I actually made top 5 people. I was offered a full-ride after my first year of law school and that would have allowed me to leave law school with $40K in student debt + interest. By transferring I am now going to be around $200K in student debt total (including interest across those 2 years) and job prospects that are shittier than what my options were leaving undergrad.
Leaving undergrad I posted my resume on my school’s career services bulletin (I wasn’t actively searching for work at that point since I knew I wanted to attend grad school), and my best job offer from that was $60K + a company car in a major city. As of right now I believe that I would be extremely lucky to leave law school with even a $40K /year attorney job, and after taxes that would roughly come out to $27K /year, after my $25K /year loan repayment I would be left with $2K /year to live on (this assumes a typical 10 year repayment). Personally, I don’t want to repay these student loans for the next 25 years via IBR for private practice, only to get hit with a tax bill that’s going to be so large that it will swallow any assets I accumulate by then (such as a house, etc). I also don’t like the idea of repaying my student loans when I am into my 50s, and the possibility of going bankrupt when I get hit with the tax bill. Therefore, I think my best option is going to be to go back to my DMV job because it would allow me to work a reasonable 40 hours a week, provide great benefits, and most importantly it would fall under the 10 year public service IBR debt forgiveness. What makes me angry about this whole situation is that by doing that I will have effectively thrown out both my BSB and MBA degrees, as well as my law degree, since I will have no possibility of getting a job in the business or legal field after spending 10 years working at a DMV.
How did other transfers fare ITE?
At my school it seems like it was somewhere around [EDIT 30%] of the transfers that managed to get some type of summer associateship out of OCI (could be slightly better/worse—I don’t know every transfer). I heard it was a lot worse at other law schools for transfers. Also, out of the transfers that did get something from OCI many of them fall into either the URM category or LBGT category. Also, people who did 1L SAs got 2L SAs (not really a huge surprise). Overall, whether it’s worth it: it’s really tough justifying $200K in debt for what amounts to a coin toss. I mean it’s literally a complete coin toss bet because all of us transfers had stellar 1L grades; yet, half of us got screwed by the economy. What I can tell you is that this is not how it was last year for t14 transfers, and I wouldn’t have transferred if I knew I was up against [worse than] 50/50 odds that I would end up with a lifetime of student debt and no reasonable method of repaying it.
Final Note
I also want to note that my purpose of starting this thread is not to try and convince people not to transfer. After all, if you are accepted into a t14 from a lower ranked school you obviously did extremely well your first year and deserve to go somewhere better. However, I do want people to know what kind of odds they are up against (something better then what you would find on the school’s “career statistics”), and the risk they are taking by transferring ITE.