Need help deciding specialization
Posted: Mon Jun 20, 2016 6:46 pm
Hey everyone, thanks for reading this thread as I desperately need advice. I'm currently a 1L at a 4T law school, and my 1L grades put me at only just in the top 50% (which I know isn't great or even good). Initially, my goal was to teach, but I now realize that I can't because I don't have any Ivy League degree or the best grades in my class. I also realize that my second choice, working for big-law, is also highly improbable because of my grades. I now am trying to prepare myself for solo practice right out of law school. I apologize if this sounds audacious or, simply, incredibly stupid. I believe its the only choice I really have if I want to practice law, and, honestly, hanging my own shingle has always appealed to me. So my first question is, would someone with these credentials be hire-able for small firms (thus not forcing me to go solo right out of law school)?
My second question has to do with my specialization. Initially, I wanted to do PI. The area appealed to me because I was under the assumption that it was easy to find clients, even with referral services. But now I'm hearing that there are so many PI lawyers (especially in my state, Florida) that it is rather hard to find clients and that PI is essentially a gamble on payouts that, even if you win, you would have to wait years for to collect. PI also appealed to me because of its simplicity and low overhead. Money isn't really an issue for me regarding office expenses for a firm. I own and maintain several rental properties that make enough passive income for me to live somewhat comfortably. I'm telling you this because I want you to know that I don't expect a profit immediately and have another income stream that would enable me to stick it out where others would give up (or starve).
One other interest is in contract law. The way it was explained to me, K-law is easiest for getting clients (and the most lucrative), because all the money is in class actions. My friend gave me an example of a retailer who overcharged its customers on a specific item by charging for a tax they shouldn't have. It amounted to very little individually, but the company had sold almost 10,000. Which means that the lawyer conducting that class action lawsuit walks away with a lot of money for an incredibly easy case.
Lastly, I have a fledgling interest in patent law. Of these three interests, which seems more realistic for a person in my position? I realize its a lot to read, so I give you my thanks in advance for taking the time out of your day to give me advice.
P.S.
I apologize if this is the wrong forum
My second question has to do with my specialization. Initially, I wanted to do PI. The area appealed to me because I was under the assumption that it was easy to find clients, even with referral services. But now I'm hearing that there are so many PI lawyers (especially in my state, Florida) that it is rather hard to find clients and that PI is essentially a gamble on payouts that, even if you win, you would have to wait years for to collect. PI also appealed to me because of its simplicity and low overhead. Money isn't really an issue for me regarding office expenses for a firm. I own and maintain several rental properties that make enough passive income for me to live somewhat comfortably. I'm telling you this because I want you to know that I don't expect a profit immediately and have another income stream that would enable me to stick it out where others would give up (or starve).
One other interest is in contract law. The way it was explained to me, K-law is easiest for getting clients (and the most lucrative), because all the money is in class actions. My friend gave me an example of a retailer who overcharged its customers on a specific item by charging for a tax they shouldn't have. It amounted to very little individually, but the company had sold almost 10,000. Which means that the lawyer conducting that class action lawsuit walks away with a lot of money for an incredibly easy case.
Lastly, I have a fledgling interest in patent law. Of these three interests, which seems more realistic for a person in my position? I realize its a lot to read, so I give you my thanks in advance for taking the time out of your day to give me advice.
P.S.
I apologize if this is the wrong forum