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

reuters.com

61–70 of 296 posts

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

#61
post #58
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…

> few that make partner and rake in decent cash, which is only like average FANG entry salaries What entry level FAANG pays partner salary [1]? I need to apply. [1] https://www.glassdoor.com/Salary/Sidley-Austin-Partner-Attor...

Starting salaries are 200 to 300k at the best firms. Partners make much more.

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

#63
post #8

Summary: entry-level jobs dried up, so people are going to law school instead. Also political motivations. Editorial: More lawyers make the country more complicated and less competitive. We need more and better people going into industrial and medical skilled trades. Think CAD/CAM, not plumber. On the other hand, I think basic legal education would probably have been more relevant than almost anything I’ve ever learn…

Where I live plumbers make more than an average software engineer. Owner operator plumbers make close to half a million a year. And don’t get me started on Plumbers operating a min of 5 trucks they make atleast a million and half. I know this because my brother law is a plumber.

Plumbers produce real value, i.e. the total value of the world is higher after they finish their work. This cannot be said for lawyers.

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

#64

Earlier quoted context omitted.

My girlfriend was a lawyer for a few years. Shortly after we met she went to a bootcamp for coding, immediately got a new job, and now (a couple years later) makes something like 4x what she did as a lawyer. Of course she was doing contract work for a small local firm, but that was the best job she could find in the job market as it was.

I always wondered if studying law, also prepares your mind for coding. Lots of complex preconditions, trying to find clauses that catch all side effects - sounds familiar to me. So transitioning from law to coding is maybe "just" learning some programming language and technical details, but the mind is already somewhat prepared to the thinking?

You might say playing Minesweeper prepares you for law. Or vice versa. Or coding prepares you for law. It’s omnidirectional.

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

#65
post #59

Earlier quoted context omitted.

If you can get into a top school (all of the top-3 for sure, and probably some other top-10 as well), they have loan forgiveness programs for graduates who work in public interest law. Caveat: if you're married to a spouse who earns decent money, you might find yourself disqualified on the basis of his/her income. This doesn't solve the problem about being overworked, but at least it makes being a PD more financially…

A few caveats to this, in addition to the spouse problem: 1) You are shackled to this for ten years. Dropping out early isn't just bad - it's a financial catastrophe. 2) It's based on qualified payments, not "time served" or the like, and there's lots of things that can disrupt those. Plan to fight with your loan servicer. 3) Republican administrations tend to do a will they/won't they thing with approving the actual…

I wasn't referring to the governmental assistance programs (which have these risks/limitations), but rather the programs run by the elite law schools themselves. They will actually pay a portion of your loan payments if you work in a qualified job.

I don't know which schools currently offer this, but 15 years ago (when I was dating a HLS grad), they operated this way. I would guess that HYS and probably a handful of other top-10 schools would be able to afford a direct-payment program like this.

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

#66
post #59

Earlier quoted context omitted.

A few caveats to this, in addition to the spouse problem: 1) You are shackled to this for ten years. Dropping out early isn't just bad - it's a financial catastrophe. 2) It's based on qualified payments, not "time served" or the like, and there's lots of things that can disrupt those. Plan to fight with your loan servicer. 3) Republican administrations tend to do a will they/won't they thing with approving the actual…

I wasn't referring to the governmental assistance programs (which have these risks/limitations), but rather the programs run by the elite law schools themselves. They will actually pay a portion of your loan payments if you work in a qualified job. I don't know which schools currently offer this, but 15 years ago (when I was dating a HLS grad), they operated this way. I would guess that HYS and probably a handful of…

Most of the law students that go to HYS law schools are already wealthy, so the benefits are going to the wrong people. Furthermore, these graduates are mostly hired at elite law firms making huge salaries and are unlikely to take advantage of these programs. Easy to offer a generous program to people that don’t need it.

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

#67
post #63

Earlier quoted context omitted.

Where I live plumbers make more than an average software engineer. Owner operator plumbers make close to half a million a year. And don’t get me started on Plumbers operating a min of 5 trucks they make atleast a million and half. I know this because my brother law is a plumber.

Plumbers produce real value, i.e. the total value of the world is higher after they finish their work. This cannot be said for lawyers.

Or most software developers.

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

#68

Earlier quoted context omitted.

I always wondered if studying law, also prepares your mind for coding. Lots of complex preconditions, trying to find clauses that catch all side effects - sounds familiar to me. So transitioning from law to coding is maybe "just" learning some programming language and technical details, but the mind is already somewhat prepared to the thinking?

You might say playing Minesweeper prepares you for law. Or vice versa. Or coding prepares you for law. It’s omnidirectional.

Sure, I did not study law, but I think I have a way easier time decoding laws and contracts, than my liberal arts peers.

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

#69
post #11
post #6

Earlier quoted context omitted.

As a potential law student how would you frame your argument against lockdowns in a world where trust in subject matter experts is down across the board (on both side, pro and against lockdowns)?

IANAPLS but I'd suggest looking into all the risks that are being completely ignored to chase the one risk that may not that be that big anymore, perhaps never was to warrant the first round of lockdowns to begin with. Who is profitting by keeping the public's focus on COVID like a laser beam and off everything else?

Amazon, Ebay, Facebook, Twitter, Google, CNN, Fox News, MSNBC, Pfizer, Moderna, …

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

#70

Earlier quoted context omitted.

You might say playing Minesweeper prepares you for law. Or vice versa. Or coding prepares you for law. It’s omnidirectional.

Sure, I did not study law, but I think I have a way easier time decoding laws and contracts, than my liberal arts peers.

Being mathematically inclined and having worked in software for a decade+ I'm also very good at understanding the complex laws and nuances for international travel in the age of COVID. I'm about to visit 3 countries and from my own research I feel like I'm the world's expert on the congressional bills and executive orders of these countries now (I'm only somewhat kidding)

By the way, I'm a liberal arts graduate (but majoring in math, comp sci and minoring in music)

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