LawSchool.Life

My b. Thought that was the sarcasm.

SLS takes a lead over YLS in the clerking numbers this year! Also LOL@ their defensive-sounding specificity w/ the JD-Advantage jobs... "THESE ARE THE COOL ONES, NOT THE LAME ONES GUYS!!!" In all seriousness, those are quite impressive JD-advantage gigs though! Harvard continues to lag Chicago on c...

Harvard - 74.1% (+1.4%) Columbia - 84.0% (+2.0%) Virginia - 78.3% (-5.0%) UCLA - 51.4% (+3.0%) WUSTL - 52.3% (+0.1%) Florida - 24.2% (+7.3%) Washington & Lee - 35.5% (+9.8%) Barring a surprise off the top rope from NYU or Northwestern, I believe we're able to crown Columbia as the elite employment ...

icechicken wrote: ↑

Sat Apr 18, 2020 12:28 am

Duke > sTTTanford confirmed

Why do people post this stupid shit. Clearly Stanford grads are going to venture capital and tech right out the gate.

Do thousands of practice MBE questions multiple choice. Everyone you get wrong dissect the hell out of.

Gives you another year with lower expectations and to make good money. In an up or out model, at worst it prolongs your inevitable being asked to leave. At best, it gives you a year to learn and be more partner ready. Since no one is making equity partners on any kind of schedule, certainly not one ...

Hoping for raises before the downturn is just asking for a duller blade before the lathaming

Ny remains; everyone else to 160k please and thank you

Except we know that’s wrong for our only 2 examples: Jones day and wachtell. Both black box. One above market player and one below market. One firm had 0 associates over 8 years blab to ATL; the other had like 100+ associates in 1 month blab.

A lot of these smaller firms that fucking grind want associates to buy into the culture. They don’t want the comp to be a distinguishing factor to an outsider/money whore. They want people committed to the team and don’t have a shortage of interest so they don’t have to set themselves apart from mar...

Key word being tight lipped ASSOCIATES. Tight lipped firm black box would def be below market. Tight lipped associates are above market. No one knows how much wachtell is above market anymore. 2nd years there prolly making like 500k ATL hasn’t gotten an update since they were 100% bonused.

The above is good advice, but I’d also consider reworking your resume at this point some too.

If you’re going to a firm with rotational program, rotate through things.

But yeah sounds like you should try transactional at a biglaw firm. And if you don’t like that, then you should probably think about non big law options.

Probably best to start by identifying the region you want to practice in as this stuff is pretty region dependent.

Then comb chambers and look at the band 1 practitioners for that region and look at their bios and you can see what they do.

Money in SPY averages a 9% annual return though. So yeah maximization is almost always risk preference based.

The subsidized loans don’t accrue interest in interest fwiw on PAYE for 3 years. Not sure if that’s true under standard 10 year payment or whatever lrap pays, but worth looking into that. Might be a moot point.

Ah small debt load and see you have some biglaw later from op. There’s no optimization here though. Just a risk preference. You can either get a guaranteed return on your loan balance or put the money in the market for an unguaranteed return or just buy shit you want and pretend it has a mark up on ...

Wait you’re planning to ride out lrap?! Don’t make any payments if going lrap or Pslf

For REPAYE, you have to file jointly. AFAIK this is wrong. You can file separately but your REPAYE payments are based on adjusted gross income (combined) regardless. Filing jointly is probably going to make more sense for most couples but it’s not a requirement. Correct thanks. I don’t think it wil...

For REPAYE, you have to file jointly. Which IBR payment is she on? Are you PAYE eligible? What’s her salary and your debt loads? There are times where it’s better to file jointly if you both have large debt numbers. For example, if her debt to income ratio is pretty significant, it will be beneficia...

Some guy in my firm apparently got 100K for billing 3K hours. A partner said jokingly ppl will feel bad when compared to this associate's performance. I was like nah bruh. Not even. Sucks how billing 3000 hours is automatically viewed as "good performance". I've worked with a few people who have hi...

Yeah my understanding of lrap was you sign up for PAYE but then over pay according to your lrap received monthly allowance which is equivalent/pegged to the 10 year repayment. No difference in that case but you get some government benefits under PAYE. So I think it’s actually slightly beneficial to ...

AOT - My plan A (as discussed above) would be the same: be on PAYE and put the excess covered by your LRAP to your loans. Based on the income exemption worldtraveler mentioned, your PAYE should be 0 for all time you’re abroad and under the 100k+ threshold. However, if that plan is not an option, I w...

On a different topic than PSLF, I just got back my REPAYE recertification. Not bad. Mine is based on full year employment in biglaw (ish) including bonus and everything.... Still comes out wayyy less than my 10 year flat payments are (based on what they revert me to while processing my recertificat...

The govt fucked it up. They couldn’t process people’s annual/IDR applications on time. Have you not read some of the wildly inconsistent crazy shit me and chicken have posted? The govt contracts this out to the most inept orgs. All of the news botched this story. You think 99% of people are paying m...