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Law school applicants surge 13%, biggest increase since dot-com bubble

reuters.com

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Re: Law school applicants surge 13%, biggest increase since dot-com bubble

#141
post #91

Earlier quoted context omitted.

That depends on the location, no?

'Can earn high figures' - so what are others earning? 'Mid five figures', so $50k, for a professional? In the US? That's not good anywhere.

Corporate graphic design pays exactly that amount in several Southeastern cities, and that's considered better than average. source: seen the paystubs.

Re: Law school applicants surge 13%, biggest increase since dot-com bubble

#142

Earlier quoted context omitted.

'Can earn high figures' - so what are others earning? 'Mid five figures', so $50k, for a professional? In the US? That's not good anywhere.

Corporate graphic design pays exactly that amount in several Southeastern cities, and that's considered better than average. source: seen the paystubs.

> Corporate graphic design

Not sure that counts as a profession.

Re: Law school applicants surge 13%, biggest increase since dot-com bubble

#143
post #45

Earlier quoted context omitted.

Although average wages are around 75k, wages of lawyers are two tiered, the majority settle around ~55k and then prominent lawyers who went to good schools and were groomed to become partners make over triple that [1]. So it is a lot like other professional white collar professions like accounting where there are huge amounts of extremely overworked people in entry level jobs who were suckered into the perceived secu…

Aren't programmer salaries equally bimodal?

Tri modal in US (public sector and nontech companies, tech startups and midsize tech companies, big tech), except that any of the US citizen programmers can switch between any of the tiers

People are pushing harder to make programming more inclusive simply because it is lucrative (aside from more accurately addressing societal needs if it was more inclusive), but it already has some realities that are way more open than other lucrative professions

Re: Law school applicants surge 13%, biggest increase since dot-com bubble

#144

Are CS applications surging too? What about other fields? It seems like more people are applying to college in general. Both my current and previous university, year after year keep having record numbers of applicants. And IIRC the CS program is getting more and more competitive. I'm not sure about liberal-arts though.

I wonder if it's people not taking a gap year, after all there isn't much point if you can't travel.

Bringing an anecdotal evidence to your question. That's actually what I did. Currently taking a gap year (more like two) to go study a MSc in AI. I have a previous background and experience in finance.

Re: Law school applicants surge 13%, biggest increase since dot-com bubble

#145
post #136

Earlier quoted context omitted.

Aren't programmer salaries equally bimodal?

I don’t think they are as bimodal like lawyer salaries. I have no quantitative data to back that assertion though.

This is old data, and not really conclusive, but it indicated that things were heading that way in 2016. I don't know of anything that would have changed that trend, FAANGs are even more of an outlier now I'd guess.

http://danluu.com/bimodal-compensation/

Re: Law school applicants surge 13%, biggest increase since dot-com bubble

#147

Are CS applications surging too? What about other fields? It seems like more people are applying to college in general. Both my current and previous university, year after year keep having record numbers of applicants. And IIRC the CS program is getting more and more competitive. I'm not sure about liberal-arts though.

At this point I assume every young, college aged male I speak with is majoring in software. I'm right more often than wrong. That doesn't account for changing majors, etc, and I'm certainly biased.

Re: Law school applicants surge 13%, biggest increase since dot-com bubble

#148
post #45

Earlier quoted context omitted.

Although average wages are around 75k, wages of lawyers are two tiered, the majority settle around ~55k and then prominent lawyers who went to good schools and were groomed to become partners make over triple that [1]. So it is a lot like other professional white collar professions like accounting where there are huge amounts of extremely overworked people in entry level jobs who were suckered into the perceived secu…

Aren't programmer salaries equally bimodal?

They're both trimodal if anything.

- People make the most in Big 4 law/tech firms, as well as a handful of boutique firms.

- Most people work elsewhere, making a respectable living but nothing extraordinary like the baove.

- Last but not least, there are folks working as IT/paralegal, who did not manage to break into developer/lawyer.

This last one is very brutal for law careers, if you did not manage to qualify or pass the bar the year you were supposed to, you've lost your chance for life, whereas in technology a formal engineering degree is not a hard requirement.

Re: Law school applicants surge 13%, biggest increase since dot-com bubble

#149
post #78

When I was considering going to law school I learned some sobering facts: - something like 75% of lawyers would not recommend their children go in to law - there is a high rate of burnout among lawyers - while the public perception is that lawyers are extremely high paid, that's only the case some elite lawyers that went to elite schools and work for elite firms[1] For someone like me, who doesn't just want to help t…

Law is a well paying profession in general, insofar as many can make high five figures and low six figures. That’s good money for real life. You’re correct that only a relatively few people make the kind of money people think lawyers make, and the profession is highly segregated by education. Most people at my law school (northwestern) went on to a big firm job with a salary of $200k rising to $500k after 8 years. A…

>> It’s a demanding, detail oriented, analytical job, and many of those people become quite disillusioned with it.

Maybe for you. For me, when I was practicing, law was a very human-oriented thing. My job was about convincing people and companies to do things that they didn't want to do (mostly security). I felt like Charlie Sheen's therapist: If they don't make any changes the client will wind up in jail. But push too hard and they will walk away.

Re: Law school applicants surge 13%, biggest increase since dot-com bubble

#150

Earlier quoted context omitted.

You can also blame society for undervaluing tradesmen. If the pandemic has taught us anything it is that even though we are able to recognize how essential a lot of jobs are, we will still refuse to respect or properly compensate the people who work them.

> If the pandemic has taught us anything it is that even though we are able to recognize how essential a lot of jobs are, we will still refuse to respect or properly compensate the people who work them. Maybe for some types of frontline workers, but certainly not for skilled tradesman, who are making bank right now and have for at least the past 20 years since I've lived in my current city. And in terms of "refuse to…

Ask yourself this though: why aren't people going to trade schools more often? If it's such a high demand career, with such reasonable pay, then surely it should attract talent; especially when one considers the extreme affordability of trade school in comparison to university education.

But we don't see this, why? I posit that it is because people who work trades are looked down on socially. People point at the mechanic, or plumber, or HVAC technician and say to their kids "you have to go college so you don't end up like that guy".

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