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re: Loyola Law School
Posted on 3/17/09 at 11:57 pm to Antonio Moss
Posted on 3/17/09 at 11:57 pm to Antonio Moss
quote:
What % get a job in six figures in LA out of law school? 2% maybe...
Well, thats a little misleading because a good number of the top graduates go outside of the state to practice because salaries are higher.
I'd guess that about 5 - 8 people from LSU make six figures right out of school and another 15 or so make 90K +.
2
Posted on 3/17/09 at 11:57 pm to TortiousTiger
My viewpoint on this is probably skewed quite a bit. I happen to be friends with an enormous number of people who are in law school or have recently graduated, and nearly all of my parents' friends are lawyers (and my mom works in a law firm). It may be that I'm just surrounded by lawyers. 
Posted on 3/17/09 at 11:59 pm to Y.A. Tittle
FWIW I didn't say less than 40k, I said closer to 40k than 60k.
Posted on 3/18/09 at 12:00 am to Antonio Moss
quote:
Well, thats a little misleading because a good number of the top graduates go outside of the state to practice because salaries are higher.
I was talking explicitly about nola.
Posted on 3/18/09 at 12:01 am to Antonio Moss
quote:
I'd guess that about 5 - 8 people from LSU make six figures right out of school and another 15 or so make 90K +.
I would agree with this. Out of the 190 or so graduating class.
I also included Southern, Loyola, and Tulane in the 2% and I would assume LSU made up a majority of that 2%
Posted on 3/18/09 at 12:02 am to TortiousTiger
quote:
if you're fixing watches for three years, can you not go into business or politics?
You could but you wouldn't have the educational background to support you.
quote:
Sure, being in the watch fixing business for three years didnt help you learn how to create an LLC, but it did teach you how to prepare a balance sheet
So does Accounting 1001 at LSU.
quote:
Wouldnt an MBA be even more beneficial?
I don't think so. There are 1000s of people with JDs and no MBA in the finance, banking, and housing sectors. There are zero MBAs without JDs practicing law. For the sake of argument, we'll call politics even, though it obviously isn't.
Posted on 3/18/09 at 12:03 am to kfizzle85
I have read a few threads on this site and at some law discussion sites, such as lawschooldiscussion, and my view is that law school much like everything else in life is what you make of it and granted I am sure you need some luck to get the right jobs, but if you do well in school seems like that will align you to be successful. It does seem like that being a lawyer is not what the thought usto be that a being a lawyer = guranteed big money or success.
Posted on 3/18/09 at 12:05 am to TortiousTiger
quote:
I also included Southern, Loyola, and Tulane in the 2% and I would assume LSU made up a majority of that 2%
Tulane would bump that percentage up. Their graduates are employed in much larger markets where second tier pay is over six figures.
Posted on 3/18/09 at 12:07 am to kfizzle85
quote:
FWIW I didn't say less than 40k
No, but you said that was the average, meaning a good percentage of folks are earning a good bit less than that.
I stand by my point that this is flat out wrong.
Just from empirical observation, I'd bet anything that the average, in NOLA especially, is much closer to 60k.
Posted on 3/18/09 at 12:08 am to 610man
quote:
I have read a few threads on this site and at some law discussion sites, such as lawschooldiscussion, and my view is that law school much like everything else in life is what you make of it and granted I am sure you need some luck to get the right jobs, but if you do well in school seems like that will align you to be successful. It does seem like that being a lawyer is not what the thought usto be that a being a lawyer = guranteed big money or success.
You're pretty much spot on.
Like I said, it's all about statistics. Other than medicine (highly specialized and highly competitive), a JD will give you the best opportunity to be financially successful, but, of course, nothing is guaranteed.
Posted on 3/18/09 at 12:09 am to Antonio Moss
quote:
You could but you wouldn't have the educational background to support you.
but learning the factors for child support will help you in business? LSU offers an INCREDIBLY weak program in business law. I think you are overestimating the importance of an "educational background" just for the sake of having it.
quote:
So does Accounting 1001 at LSU.
which would be more beneficial in business than Criminal procedure.
quote:
I don't think so. There are 1000s of people with JDs and no MBA in the finance, banking, and housing sectors. There are zero MBAs without JDs practicing law.
I could just as easily flip that. There are zero JDs in the watchmaking business.
Posted on 3/18/09 at 12:11 am to Antonio Moss
quote:
Tulane would bump that percentage up. Their graduates are employed in much larger markets where second tier pay is over six figures.
the op was asking about louisiana.
Posted on 3/18/09 at 12:11 am to Antonio Moss
quote:
Other than medicine (highly specialized and highly competitive), a JD will give you the best opportunity to be financially successful, but, of course, nothing is guaranteed.
I'm not sure I agree with this, depending upon what one's definition of "financially successful" is.
While, it's not hard to be financially "comfortable" with a JD, there are probably better routes to making real big bucks.
Posted on 3/18/09 at 12:13 am to Y.A. Tittle
quote:
No, but you said that was the average, meaning a good percentage of folks are earning a good bit less than that.
You're right, that was a bad use of terminology, and wasn't what I was implying. I was under the impression that the dispersion of incomes for lawyers (regardless of location) was a kind of double-hump, and that the first hump was around 50k, with the other, smaller hump, being around 90k or so.
Posted on 3/18/09 at 12:14 am to Y.A. Tittle
This has been a good thread to be in on, for the ones who are lawyers or in law school would you do it again knowing what you know now?
Posted on 3/18/09 at 12:15 am to TortiousTiger
quote:
There are zero JDs in the watchmaking business.
I wouldn't be so sure. I hear all the time, of folks burning out on practicing law, going into some of the most random of fields.
That being said, I'll never be one to tell someone to go get a JD, even if you don't want to practice law, because it "opens so many doors."
That's a huge myth.
Posted on 3/18/09 at 12:15 am to TortiousTiger
quote:
but learning the factors for child support will help you in business? LSU offers an INCREDIBLY weak program in business law. I think you are overestimating the importance of an "educational background" just for the sake of having it.
Not factors in child support, but the critical thinking skills that are required to develop in law school mold perfectly into the business world.
quote:
which would be more beneficial in business than Criminal procedure.
But not as beneficial as the ability to dissect and analyze a large amount of information in a short period of time, which is basically all law school is.
quote:
I could just as easily flip that. There are zero JDs in the watchmaking business
I don't know if I'd use that as my opening point.
Posted on 3/18/09 at 12:18 am to kfizzle85
quote:
incomes for lawyers (regardless of location) was a kind of double-hump, and that the first hump was around 50k, with the other, smaller hump, being around 90k or so.
Yeah, this is much closer to the reality of the NOLA market, than what you said earlier.
Posted on 3/18/09 at 12:18 am to Antonio Moss
quote:
While, it's not hard to be financially "comfortable" with a JD, there are probably better routes to making real big bucks.
Like what?
Other than being a doctor or being an entrepreneur, I honestly can't think of anything.
Posted on 3/18/09 at 12:22 am to Antonio Moss
true, but my point was that it wouldnt open many doors in the field.
Honestly I think that my critical thinking and writing ability has gone down after law school.
To answer the law school applicant, I would prolly still do it again. I made some good friends, met my wife, and got to frick around for three years spending my afternoons playing NCAA football instead of acting like an adult.
I ended up with a pretty good job even thought i was in the bottom half of my class rank (with some pretty good intangibles). My personal hours arent all that bad, but my pay isnt as much as moss. Overall, I got out with 70k in loans. My roomate in law school got out of LSU with 135k if you add in his undergrad loans. He's also unfortunately unemployed.
Overall, it's life. You could hit a homer, you could go down swinging...
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