deletd Forum

[Johann]

ya tls is p bad
i remember this one dude saying that divorce lawyers who hang a shingle make $300k in their third year

2 partner firm on track for 1.2 million in revenue this year. founded in 2013. you're an idiot.

[Johann]

No one should pay sticker at Loyola though

took the LSAT 3 times and want to stay in chicago? working in a dead end job with a salary of like 35k? yeah absolutely pay sticker.
transfer to northwestern with good grades is on the table. states attorney with complete loan forgiveness after 10 years and guaranteed employment you cant be laid off from is on the table. solo is on the table. JD advantage in compliance for Chase/BOA is on the table with six figure salary at the management level (5 years ish out)

100% at 35k < [.10 (180,000 big law) + .2 (gov't 50k shit) + .5 (JD advantage 40-50k starting with career laddering) + .05 (solo eventually at 100k) + .1 (doc reviewer forever at 45k a year with 3 months off a year)]

[03152016]

My experience is in business management. I am not concerned so much about the time expended, as I will be 4 years older in 4 years anyway. I know I have the ability so successfully run a business, as I have done it numerous times. Only thing is, I do not have a specific skillset to apply it to. That's why I thought I could succeed at this.

If I get my degree at 51 years of age, I have plenty of time to practice. If I could make $125k or more within 2 or 3 years of hanging a shingle, it would be well worth the sacrifice and risk to me. I guess I just am asking if that is a reasonable expectation for a family law attorney in private practice on Long Island after a couple of years.

I mean none of us here know the actual percentage of you succeeding. Can you make $125k within 2 or 3 years of hanging a shingle? Absolutely. I mean if you make it to year 3 odds are youll be pulling in close to 300k.

lol kys you retard

[proctor_right_in_the]

Post removed.

[03152016]

http://www.law.indiana.edu/people/hende ... e/ISBA.pdf





http://abovethelaw.com/2015/06/do-these ... -practice/

A successful solo firm probably generates six-figures (or close to six-figures) in gross income each year. If they know how to balance the books (which does not mean saving every penny), that should still leave a pretty decent amount of money left over.

Is that less than what a big firm counterpart makes? Absolutely. Do solo attorneys work fewer hours? Probably. So it’s quite possible that a successful solo attorney could work fewer hours but actually make more per hour than a big firm associate. For example, solo attorney makes (takes home) $50,000 per year, but works 40 hours per week. Third-year associate take home $80,000 a year, but works about 80 hours a week. The solo attorney is making much more per hour than the firm associate.

https://lawyerist.com/64781/myth-solo-attorney/

The average annual salary for a solo practice immigration lawyer was $82,000 as of 2014, according to the job site Indeed. . . . Average annual salaries for solo practice immigration lawyers varied most significantly in the West region in 2014, according to Indeed, where they earned the highest salaries of $88,000 in California and the lowest salaries of $52,000 in Hawaii. Those in the South made $70,000 to $99,000 per year in Louisiana and Washington, D.C., respectively. Solo practice immigration lawyers averaged $60,000 in Nebraska and $92,000 in Illinois -- the lowest and highest salaries in the Midwest. In the Northeast, they made the most in New York and the least in Maine at $99,000 and $71,000, respectively.

http://work.chron.com/average-salary-im ... 29872.html

Since the 1960s the IRS has collected and published income levels for all American lawyers filing as solo practitioners. In 1988, solo practitioners earned an inflation-adjusted $70,747. By 2012, earnings had fallen to $49,130, a 30% decrease in real income. And note, $49,130 is not the starting salary for these lawyers. It is the average earnings of all 354,000 lawyers who filed as solo practitioners that year.

http://www.cnn.com/2015/05/22/opinions/ ... f-lawyers/

[03152016]

Most of the people on this board that give advice still haven't even graduated law school, so LOL at them really knowing anything more than LST

I mean if you make it to year 3 odds are youll be pulling in close to 300k.

[Hutz_and_Goodman]

I think this board is extremely useful. Someone that I know (who doesn't know what TLS is) told me, seriously, that he went to law school after serving on a jury and seeing the way that the attorneys handled the case. I didn't know what to say because this is such an obviously bad reason to go to law school. This site helps 0Ls and current law students made much better decisions about whether to go to law school, where to go to law school, and what to expect about legal practice.

[thesealocust]

databomb

I love you would you like to be friends?

[Johann]

1) A solo shop is probably failed because hence it never needed another lawyer to come on board. So start looking at the 2-5 person attorney.

2) Long Island isn't your average cost place when lumping in people in bum fuck Nebraska.

[Johann]

Yeah that 350k average salary on the IRS reported data...

I cautioned him in the advice that he was prolly gonna fail or make it decently big. That's how things work. You are citing all the failures instead of the successes, so your data kinda sucks. The person making a steady $60k a year in law with their own shop doesnt exist. They either have clients and turn into a 5-10 person shop or they dont and they flame out.

[03152016]

Yeah that 350k average salary on the IRS reported data...

I cautioned him in the advice that he was prolly gonna fail or make it decently big. That's how things work. You are citing all the failures instead of the successes, so your data kinda sucks. The person making a steady $60k a year in law with their own shop doesnt exist. They either have clients and turn into a 5-10 person shop or they dont and they flame out.

dude even if you did expand to <= 10 people
and you lumped in the salaries of practitioners with far more established practices, and excluded all associate salaries
and you just look at the salaries in urban areas
you're still at 137.5k (or less) median



where did you come up with the 300k figure

[Johann]

You also realize that attorneys who do any side gigs basically have to call themself a solo for taxp urposes. I worked and did something on the side for someone for like $1500. On my taxes, I had to enter the $1,500 to my solo lawyer business. You're data is basically as bad as the data law schools used in 2009 you are kamikaziing against.

[Johann]

where did you come up with the 300k figure

your IRS data of $350k for partners

[03152016]

You also realize that attorneys who do any side gigs basically have to call themself a solo for taxp urposes. I worked and did something on the side for someone for like $1500. On my taxes, I had to enter the $1,500 to my solo lawyer business. You're data is basically as bad as the data law schools used in 2009 you are kamikaziing against.

how did you manage to miss literally the entire point of my last post

[03152016]

stop making shit up
there is no irs data that says ny family lawyers make $350k on average in their third year

where did you come up with the $300k figure, really

[Johann]

look at the only post that is from IRS data instead of self reported shit to the ABA with like sample sizes in the 50s.

[chuckbass]

So... NYC to 190?

[03152016]

lol wait are you talking about the statistic that includes ALL law firm partners, regardless of experience, including biglaw partners

lol

ok i'm just done man this is really pointless

[BigZuck]

While I find it deeply disturbing that the mods allow Johann to still post in the on topics and haven't confined him to his own DaRascal-style cage yet, I do think his "Folksy Everyman who happens to be a savant when it comes to anything related to economics or THE LAW because lol you're all idiots" schtick is kind of charming.

[Ron Howard]

Is Ron Howard an alt?

That is really insulting, Kmart. Please check your privilege.

[cdotson2]

While I find it deeply disturbing that the mods allow Johann to still post in the on topics and haven't confined him to his own DaRascal-style cage yet, I do think his "Folksy Everyman who happens to be a savant when it comes to anything related to economics or THE LAW because lol you're all idiots" schtick is kind of charming.

I was reading through a thread about hours billed and his story of doing as little work as possible in big-law was one of the ballsiest things I have ever read, so he has that going for him as well.

[Orlandipo]

I do wish there was a middle-law-schools.com, a place where I could take my 157 and spend the next year looking forward to the cafeteria food at some ttt y'all have never heard of. If I could find such a forum, I'd join it, and leave you smart kids alone.

157 won't get you into a middle law school HTH.

[cdotson2]

I do wish there was a middle-law-schools.com, a place where I could take my 157 and spend the next year looking forward to the cafeteria food at some ttt y'all have never heard of. If I could find such a forum, I'd join it, and leave you smart kids alone.

157 won't get you into a middle law school HTH.

157 depending on your gpa could get you into a school in the top 50 of us new rankings, sepecially if urm.

[Johann]

So... NYC to 190?

yeah if Long Island is going to 300k, I can only assume NYC is going to 190k.

[star fox]

TLS isn't really elitist. That's a myth. Just the name of the site is elitist.

If someone makes a thread: "Should I go to Harvard at Sticker or Virginia on a full ride?" the overwhelming response will be to take the UVA full ride. There will usually be one guy who comes in and talks up the prestige of Harvard and how great that is and worth the extra $180K + Interest. But everyone will yell that guy down and say he's crazy.

The only elitist stuff I see is garbage like "anyone with 2 brain cells and a Bachelor's Degree can get into a T14." I feel like people are usually saying that to be self-deprecating, but it's a dumb comment.