Am I screwed?
Posted: Fri Apr 10, 2015 2:48 pm
I am a 1L at a T50 school (in the state where I am from and would like to practice). My grades were horrible last semester (I am probably in the bottom quarter). I think I have my stuff together better now so that I can mitigate the damage this semester, but I can't help but wonder at what point should I cut my losses and drop out after the semester.
Financially, I had a scholarship that covered most of my costs but that is no longer the case. If all remains the same, I will pay about 50k in tuition in the last two years (most living expenses are covered by a SO). I will be working as a law clerk for the in-house counsel of a corporation (about 7k employees) this summer that will pay about 15 dollars an hour (so I expect to make somewhere in the neighborhood of 8k this summer). I have about 40k in the bank now. All in all, I estimate that with my frugal lifestyle I could get out with only 10-20k of debt, definitely no more than 30k.
Academically, I struggled badly with anxiety my first semester and nearly dropped out then (I am much less stressed now, mainly because it would be difficult to do much worse this semester). I wasn't prepared at all for law school, and this is on top of the fact that I don't feel like I measure up to the intellect of most of my classmates. My ambitions are modest, however. While big law and federal clerkships and the like are now completely out of the picture, I really just would like to move back to the mostly rural region where I am from. This include two nearby small cities (100k and 30k). I ran a business before law school and would be comfortable going as a solo practitioner, but that is obviously not ideal without at least getting some kind of experience. I also love the idea of prosecution, but I suspect my grades will make that prohibitively difficult. I do have plenty of legal contacts in the area (two state Judges, solo practitioners and lawyers at small firms), but I am not sure if any of them could lead to a job.
Although I still enjoy the law (I love the idea of solving legal problems for people), I wonder if my ROI has gotten to a point where I should consider dropping out. I tried talking to the career guy at my school but he only offered me a tall glass of kool-aid, talking about his 95% employment rate for the last class. I want to be a lawyer. If my grades are horrible and only 60ish percent of my class are getting jobs as lawyers, like Mick Jones, should I stay or should I go?
TL;DNR - I have the ability to graduate with about 20k of debt. I want to work in a specific rural area either as a prosecutor or at a small firm, or even as in-house for some of the larger businesses in the area. However, my grades are exceptionally bad (bottom quarter bad). While I feel they will improve, at what point should I drop out considering my career goals? I am perfectly fine starting out making 40-50k for a few years - if I can get there.
Financially, I had a scholarship that covered most of my costs but that is no longer the case. If all remains the same, I will pay about 50k in tuition in the last two years (most living expenses are covered by a SO). I will be working as a law clerk for the in-house counsel of a corporation (about 7k employees) this summer that will pay about 15 dollars an hour (so I expect to make somewhere in the neighborhood of 8k this summer). I have about 40k in the bank now. All in all, I estimate that with my frugal lifestyle I could get out with only 10-20k of debt, definitely no more than 30k.
Academically, I struggled badly with anxiety my first semester and nearly dropped out then (I am much less stressed now, mainly because it would be difficult to do much worse this semester). I wasn't prepared at all for law school, and this is on top of the fact that I don't feel like I measure up to the intellect of most of my classmates. My ambitions are modest, however. While big law and federal clerkships and the like are now completely out of the picture, I really just would like to move back to the mostly rural region where I am from. This include two nearby small cities (100k and 30k). I ran a business before law school and would be comfortable going as a solo practitioner, but that is obviously not ideal without at least getting some kind of experience. I also love the idea of prosecution, but I suspect my grades will make that prohibitively difficult. I do have plenty of legal contacts in the area (two state Judges, solo practitioners and lawyers at small firms), but I am not sure if any of them could lead to a job.
Although I still enjoy the law (I love the idea of solving legal problems for people), I wonder if my ROI has gotten to a point where I should consider dropping out. I tried talking to the career guy at my school but he only offered me a tall glass of kool-aid, talking about his 95% employment rate for the last class. I want to be a lawyer. If my grades are horrible and only 60ish percent of my class are getting jobs as lawyers, like Mick Jones, should I stay or should I go?
TL;DNR - I have the ability to graduate with about 20k of debt. I want to work in a specific rural area either as a prosecutor or at a small firm, or even as in-house for some of the larger businesses in the area. However, my grades are exceptionally bad (bottom quarter bad). While I feel they will improve, at what point should I drop out considering my career goals? I am perfectly fine starting out making 40-50k for a few years - if I can get there.