re: Loyola Law School

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She said the avg starting salary in nola is much closer to 40 than it is to 60 or 70.

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Average? This is flat out wrong.

Agreed, I have been out for 5 years now, and it will be 6 if I go because I will be entering the Fall of 2010. I have always wanted to go, however, the thought of that amount of debt does way heavy on the mind.

t

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hat amount of debt does way heavy on the mind.

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It does suck. But if you've been working for five years and have some saved up, then there is no reason to have more than $60,000 coming out of LSU.

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moss, i'm not going to get into a pissing match with you, but this statement qualifies you as being in the vast minority:

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Would you care to explain your position?

I'm not a lawyer, its secondhand information. What would you suggest the number is then?

Average, will definitely be closer to 60-70.

While some young lawyers (i.e., ADAs, and some real small PI firm folks) will make around 40. Not many are making less, and there are plenty starting out around 100.

I presume you meant that the degree gives you versitility. Was I mistaken?

Well, I wouldn't risk going to Southern on the promise that your friends can get you an interview. Senior partners make hiring decisions not associates. If I were you, I'd try like hell to get into LSU and if you don't, then I'd weigh how much you want to be a lawyer against the amount of debt you're going to incur.

Some people come out of Southern and do great, but everything is boils down to statistics and you are statistically more likely to fail the bar or get a lower quality job coming out of Southern.

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I presume you meant that the degree gives you versitility. Was I mistaken?

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I qualified it with "graduate" meaning of all the graduate degrees one can obtain, a JD will give them the most versatility in the working world.

Also, your example of three years of work experience, while lending itself to less debt, doesn't lend itself to versatility. If I spent three years gaining experience in how to fix watches, then, at the end of the day, I can only fix watches. Compare that to three years of law school which allows you to either practice law, enter the business world, or go into politics.

So I would disagree with your disagreement of my assessment.

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What % get a job in six figures in LA out of law school? 2% maybe...

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I said around 100 (meaning, I suppose 90-100). Much more than 2% of grads are making that right out, or shortly thereafter. More than are making less than 40k, in New Orleans, I can assure you.