Obviously you have some personal vendetta against UIUC since you've only posted on TLS seven times, and all seven of those were to post uneducated and disparaging comments about our school. Why people on this board feel the need to do this still astounds me. What do you get out of completely unfounded estimations of our OCI stats and saying unnecessarily negative things? If it's some sort of personal satisfaction that's just sick.
I wouldn't go as far as a personal vendetta against UIUC. I actually thought it was a good school and had applied there last year. How deceptive they are made me mad, and I felt the need to disparage a few prospective students from going to a TTT.
ChattelCat wrote:To get straight to the point, sure, OCI was a bloodbath this year, but it was a bloodbath EVERYWHERE.
This year was unquestionably worse then most, but far form a bloodbath at my school. Our numbers aren't in yet for my school but I'd speculate that around half the class at my school got offers in large firms. Firms were really slow and cautious as analysts had predicted, but I can say there are more people at my school that I know with offer then without offers. The bloodbath was really at schools below the top 12, and really, really bad past the t14 (with GULC & Cornell getting hit decently hard).
It's not just the top 10% of the class that has Biglaw jobs lined up for the summer.
I came out of OCI with a SA Biglaw position. I am not in the top 10% of our class, I also have work experience that could not be farther away from business or law. My point being that jobs this year are not only going to the top 10% designation with stellar resumes. I know a number of people outside of the top 10% that have accepted offers already, some much closer to the 33% cutoff than the top 10%.
Re-read my post. I never said top 10%. I said 10% total. However that number may be derived from your class. Firms were really looking for "fit" this year and if you were at top 25% but fit better then someone at top 5%, you got picked. Congrats on your offer.
It seems doubtful from your posts that you are actually a law student, and from your tone, quite unlikely that you went through OCI this year.
Actually, I'm a 2L at MVPB this year. I transferred up from a TTT w/ my lucky acceptance coming in literally days before my UIUC acceptance. I honestly doubt I would have left to attend UIUC but if I had I think it might have been the worst decision of my life considering the additional debt I would have incurred and the low likelihood of actually getting an offer this year. (Here it is a little better because in the last 5 years there has literally been 1 person who transferred in and didn't receive honors at graduation and that's a selling point to firms because they recognize that odds are that our grades won't drop as a result of the transfer. That's not something that can be said if I had transferred to UIUC).
ChattelCat wrote: I wouldn't believe everything that "analysts" say about the downfall of Biglaw or much of anything posted on blogs.
I think this is total utter bullshit. Every single word that came out of this analysts mouth with predictions about the Chicago market so far have been dead on. It's fucking scary how accurately this guy predicted things would happen. From firms being conservative with their offers, moving slowly in making offers and being really caution, to how many offers people would get were all literally dead on.
ChattelCat wrote: No one can predict what will happen to the Biglaw model, not even the law firms themselves.
This is true. The analyst said that the biglaw model is going to undergo some serious changes. But it is still really unclear as to what is going to happen. Personally, I think it was a stupid and unsustainable model to begin with and it is going to get wiped out. It's probably good thing for people who want to attend law school in another 5-10 year because if that happens law schools will be forced to stop raising tution rates because no one will attend otherwise (e.g. who in their right mind would risk $200K to go to a top school with only a 10% shot at making a decent return on your investment).
But as for attend UIUC and paying over $100K to attend, that's a pretty big fucking risk. I mean you even said no one can predict what is going to happen and if you are attending law school with the belief that the biglaw model will survive then you are taking one hell of a gamble.
ChattelCat wrote: Neither you, nor anyone else, can definitively say that 3L hiring is a thing of the past. We'll all find out next year, I suppose. I find it rather ignorant to say that 3L hiring is dead like it's gospel when you have absolutely no facts to back yourself up. Look at all the new "provisional" hiring plans that have been implemented to take care of the class of 2009 (Drinker Biddle comes to mind). What's to say they couldn't do that for 3L hires?
Why would they hire 3Ls? It's not a charity because they feel bad for our class (i.e. the c/o 2011). Here's a newsflash, they don't care about people who didn't make it this year. Partners are there to put money in their pocket. Hiring 3Ls makes no sense from their standpoint when they can hire 2Ls as summer associates and "try them out before they buy them." If it helps people at your school to sleep at night to think that they will feel bad for the c/o 2011 and will hire them next year then go for it, but it's still not happening.