How to Cash Flow From Graduation- Bar Passage Forum

[jared6180]

I am thinking ahead and wondering how recent LS grads cash flow life from graduation- Bar Passage? I think that is a window of about 6 months where you are to smart for law school, but not smart enough to practice... Just trying to think/plan ahead incase BigLaw doesn't happen.

[cinephile]

You save. If you're not earning enough if the summer (or during the school year) to save, try to cut back on expenses and save from the loan money you're given for living expenses and stretch it to cover 3L summer. After you take the bar but before you're admitted, work in any job to cover living expenses. Don't just sit around waiting to hear back about bar passage.

some people also get bar loans.

[jml8756]

Here are some ways in order of advisability:

1. Savings
2. Scholarships/stipends if public interest
3. Advance from your firm if Big Law
4. Move back in with parents while studying
5. Get a part time job waiting tables or bar tending
6. Additional loans

[DocHawkeye]

Here are some ways in order of advisability:

1. Savings
2. Scholarships/stipends if public interest
3. Advance from your firm if Big Law
4. Move back in with parents while studying
5. Get a part time job waiting tables or bar tending
6. Additional loans

7. Get married, sponge off spouse.

[IAFG]

Lots (most?) people move back in with the parents. They don't call us the boomerang generation for nothing.

[Helmholtz]

According to the guy sitting behind me at the MPRE: Move back in with parents and babysit the children of relatives for some cash over the summer.

[DocHawkeye]

Lots (most?) people move back in with the parents. They don't call us the boomerang generation for nothing.

Would it be rude is my entire family (i.e.: my wife and kids) moved in with my parents?

[IAFG]

Lots (most?) people move back in with the parents. They don't call us the boomerang generation for nothing.

Would it be rude is my entire family (i.e.: my wife and kids) moved in with my parents?

Me, my husband and my baby moved in with my in-laws...

[TooOld4This]

If you have a job lined up at a big firm, you will have more options. First, your start date may be well in advance of bar passage (as early as September). Second, many big law firms offer either stipends or salary advances.

Otherwise, you should plan for the gap well in advance. Seek out part-time work for your 3L year that will allow you to save or, even better, last until you are admitted.