Search found 97 matches

by Johannes
Sat Mar 16, 2019 11:42 pm
Forum: General Legal Employment/Post Grad Discussion
Topic: Jobless 2L at NU with 3.0 GPA
Replies: 3
Views: 157

Re: Jobless 2L at NU with 3.0 GPA

The above is good advice, but I’d also consider reworking your resume at this point some too.
by Johannes
Mon Feb 18, 2019 3:37 pm
Forum: General Legal Employment/Post Grad Discussion
Topic: 2L who doesn't know what he wants to do
Replies: 3
Views: 264

Re: 2L who doesn't know what he wants to do

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.
by Johannes
Mon Feb 18, 2019 3:33 pm
Forum: General Legal Employment/Post Grad Discussion
Topic: Tax Groups by Firm
Replies: 3
Views: 310

Re: Tax Groups by Firm

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.
by Johannes
Wed Feb 06, 2019 9:55 pm
Forum: General Legal Employment/Post Grad Discussion
Topic: Student Loans: Payment Options and Numbers
Replies: 164
Views: 10453

Re: Student Loans: Payment Options and Numbers

Money in SPY averages a 9% annual return though. So yeah maximization is almost always risk preference based.
by Johannes
Tue Feb 05, 2019 4:16 pm
Forum: General Legal Employment/Post Grad Discussion
Topic: Student Loans: Payment Options and Numbers
Replies: 164
Views: 10453

Re: Student Loans: Payment Options and Numbers

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.
by Johannes
Tue Feb 05, 2019 4:13 pm
Forum: General Legal Employment/Post Grad Discussion
Topic: Student Loans: Payment Options and Numbers
Replies: 164
Views: 10453

Re: Student Loans: Payment Options and Numbers

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 ...
by Johannes
Tue Feb 05, 2019 4:08 pm
Forum: General Legal Employment/Post Grad Discussion
Topic: Student Loans: Payment Options and Numbers
Replies: 164
Views: 10453

Re: Student Loans: Payment Options and Numbers

Wait you’re planning to ride out lrap?! Don’t make any payments if going lrap or Pslf
by Johannes
Thu Jan 24, 2019 4:10 pm
Forum: General Legal Employment/Post Grad Discussion
Topic: Student Loans: Payment Options and Numbers
Replies: 164
Views: 10453

Re: Student Loans: Payment Options and Numbers

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...
by Johannes
Sun Dec 30, 2018 12:26 pm
Forum: General Legal Employment/Post Grad Discussion
Topic: Student Loans: Payment Options and Numbers
Replies: 164
Views: 10453

Re: Student Loans: Payment Options and Numbers

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...
by Johannes
Thu Dec 20, 2018 1:05 am
Forum: General Legal Employment/Post Grad Discussion
Topic: 2018 Bonus Discussion
Replies: 46
Views: 3301

Re: 2018 Bonus Discussion

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...
by Johannes
Wed Dec 05, 2018 6:11 pm
Forum: General Legal Employment/Post Grad Discussion
Topic: Student Loans: Payment Options and Numbers
Replies: 164
Views: 10453

Re: Student Loans: Payment Options and Numbers

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 ...
by Johannes
Mon Dec 03, 2018 1:06 am
Forum: General Legal Employment/Post Grad Discussion
Topic: Student Loans: Payment Options and Numbers
Replies: 164
Views: 10453

Re: Student Loans: Payment Options and Numbers

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...
by Johannes
Fri Nov 30, 2018 8:12 pm
Forum: General Legal Employment/Post Grad Discussion
Topic: Student Loans: Payment Options and Numbers
Replies: 164
Views: 10453

Re: Student Loans: Payment Options and Numbers

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...
by Johannes
Thu Oct 18, 2018 11:46 pm
Forum: General Legal Employment/Post Grad Discussion
Topic: Student Loans: Payment Options and Numbers
Replies: 164
Views: 10453

Re: Student Loans: Payment Options and Numbers

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...
by Johannes
Fri Aug 31, 2018 11:18 pm
Forum: OCI, Biglaw Summers, and Other First Private Sector Jobs
Topic: Schiff Hardin v. Reed Smith v. Katten Muchin (all Chi)
Replies: 6
Views: 790

Re: Schiff Hardin v. Reed Smith v. Katten Muchin (all Chi)

What kind of lit would you want to do? I don’t know a ton about these firms, especially their lit groups. I’d probably pick Katten just for the money and the fact that I’ve known multiple people to work there now and none have left in years (1 been there 6 years; 1 joined in 2015 as a mid level and ...
by Johannes
Wed Aug 29, 2018 6:21 pm
Forum: General Legal Employment/Post Grad Discussion
Topic: Student Loans: Payment Options and Numbers
Replies: 164
Views: 10453

Re: Student Loans: Payment Options and Numbers

HUGE private letter ruling issued by the IRS (not amounting to precedent but is a blessing) that companies can set up 401ks for employees to go to student loan payments. Next step is for congress to authorize a higher 401k amount (tbd obviously) but if so, people on RE/PAYE will be able to defer inc...
by Johannes
Wed Aug 22, 2018 11:06 pm
Forum: General Legal Employment/Post Grad Discussion
Topic: Student Loans: Payment Options and Numbers
Replies: 164
Views: 10453

Re: Student Loans: Payment Options and Numbers

Trying to decide if I should try to pay the accrued interest on my loans before it capitalizes in a couple months. Are the pros/cons I might not be thinking about for this? Similarly, are there pros/cons to going ahead and taking the loans out of deferment early or making early payments? Entirely d...
by Johannes
Sat Aug 18, 2018 1:33 pm
Forum: General Legal Employment/Post Grad Discussion
Topic: Student Loans: Payment Options and Numbers
Replies: 164
Views: 10453

Re: Student Loans: Payment Options and Numbers

Thanks for taking questions. Just graduated and have 80k in federal loans. Starting big law soon. I don't think I have more than two years of big law in me. Is it misguided to spend my first year paying off this 80k as aggressively as possible (hopefully in a little over 1 year), and spend the rest...
by Johannes
Fri Aug 17, 2018 6:31 pm
Forum: General Legal Employment/Post Grad Discussion
Topic: Student Loans: Payment Options and Numbers
Replies: 164
Views: 10453

Re: Student Loans: Payment Options and Numbers

Bumping this thread for anyone that wants to throw out their personal numbers since there should be some graduates looking into this soon. 1) with refi rates on the rise, REPAYE becomes more attractive bc the govt pays half your unpaid interest each month which effectively reduces your rate 2) with ...
by Johannes
Wed Aug 15, 2018 11:02 am
Forum: General Legal Employment/Post Grad Discussion
Topic: Is it possible to start in a new practice group at another firm?
Replies: 6
Views: 676

Re: Is it possible to start in a new practice group at another firm?

Yeah it happens a decent amount. How have you seen it happen? Need advice. Thanks! Probably by (1) having excellent academics and (2) coming from a top pier firm or a top firm to a *lesser* firm. Just requires mass mailing and applying broadly with a compelling narrative for why you want to switch ...
by Johannes
Mon Aug 13, 2018 10:46 pm
Forum: General Legal Employment/Post Grad Discussion
Topic: Consumer Class Actoin v. Securities
Replies: 18
Views: 1009

Re: Consumer Class Actoin v. Securities

Chasing prestige is where many people go wrong and why their biglaw careers end abruptly
by Johannes
Thu Aug 02, 2018 12:10 am
Forum: General Legal Employment/Post Grad Discussion
Topic: How to Maintain Confidence?
Replies: 4
Views: 797

Re: How to Maintain Confidence?

The economy is good so they can’t really fire anyone right now.
by Johannes
Wed Jul 11, 2018 12:04 am
Forum: Other Pre-Law Questions
Topic: So you think you want BigLaw?
Replies: 430
Views: 31056

Re: So you think you want BigLaw?

1 million or bust (household student loan debt)
by Johannes
Sun Jun 24, 2018 1:14 am
Forum: General Legal Employment/Post Grad Discussion
Topic: Williams & Connolly Salary Scale
Replies: 4
Views: 769

Re: Williams & Connolly Salary Scale

It’s pretty much always safe to assume tight lipped associates = above market comp. it’s an implicit understanding.