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re: Loyola Law School

Posted on 3/19/09 at 4:11 pm to
Posted by Thomas Hudson
Dallas
Member since Dec 2006
7310 posts
Posted on 3/19/09 at 4:11 pm to
quote:

If I could make $68/hr working 40 hrs/wk (which totals around $140K), I'd take that over the life-draining hours she's working.

Money is replacable, and you can always make more of it. Time is not, and once it's gone, it's gone.


No doubt, but you have to remember that the people who put up with that are not just thinking of their current income, they're hoping for the brass ring: partnership. For instance, if you can make it through the Cravath gauntlet (for about 10 years), then you're looking at 7 figures.

Again, not really my thing, but it seems to fit for NYC lawyers.
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
465550 posts
Posted on 3/19/09 at 4:21 pm to
quote:

I don't care what sort of limo service and fancy takeout meals you provide. It doesn't make up for making one work till 11:00+ on a regular basis.

it's more like setting up a dry cleaning (free, obviously) area and having a cafeteria ready to serve them late at night so that they can theoretically never leave.
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
465550 posts
Posted on 3/19/09 at 4:23 pm to
quote:

I think people who buy into that lifestyle place a very high emphasis on the prestige factor.

you see you went to NYU

i went to LSU, and there was the same attitude for many of my classmates (going to nola, obviously)

it was pretty fricking funny
Posted by Y.A. Tittle
Member since Sep 2003
109600 posts
Posted on 3/19/09 at 4:24 pm to
quote:

there was the same attitude for many of my classmates (going to nola, obviously)


Posted by givemeabeer
Member since Mar 2006
3306 posts
Posted on 3/19/09 at 4:27 pm to
quote:

For instance, if you can make it through the Cravath gauntlet (for about 10 years), then you're looking at 7 figures.

Good point.

If it were me, I don't know if I'd trade a decade of the best years of my life to be a millionaire. I guess that's the tradeoff.

Something about that reminds me of a backwards-criminal scheme, i.e. doing the time first for getting big money later instead of doing time later for getting big money now.

But enough of my pointless banter. Back to the tourney.
Posted by Thomas Hudson
Dallas
Member since Dec 2006
7310 posts
Posted on 3/19/09 at 4:28 pm to
quote:

it was pretty fricking funny


I'll never forget my first week as a summer associate in NOLA. We had a meeting with the managing partner who spoke to all the SAs.

He talked about how NOLA was on the rise and repeatedly referred to Skadden, Cravath, Wachtell, etc. as peer firms. I almost spit out my drink.

It was a very good firm and was a great place to work, but that was a bit much.
This post was edited on 3/19/09 at 4:29 pm
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
465550 posts
Posted on 3/19/09 at 4:28 pm to
the houston/dallas group didn't seem to be as big about it
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
465550 posts
Posted on 3/19/09 at 4:33 pm to
i heard from somebody in laffy that their new jones walker is paying nola-level money
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
465550 posts
Posted on 3/19/09 at 4:46 pm to
i still wonder what the range on those things are

you gotta think a DA in say, Jeff Davis Parish, isn't making much more than 40k
Posted by Cold Cous Cous
Bucktown, La.
Member since Oct 2003
15343 posts
Posted on 3/19/09 at 4:59 pm to
quote:

He talked about how NOLA was on the rise and repeatedly referred to Skadden, Cravath, Wachtell, etc. as peer firms.

I heard something similar. Except at the time I was a dumbass 2L and had no idea what a "Cravath" was

And fizz, your idea that "oh 4 years won't be that bad" is what everybody thinks. But I think you underestimate how terrible it would be to work 80 hour weeks on a regular basis. For me, anything over 60 hours is miserable, and doing 80 hour weeks on a week in, week out basis would destroy me. I wouldn't last a year.
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 3/19/09 at 5:02 pm to
quote:

But I think you underestimate how terrible it would be to work 80 hour weeks on a regular basis. For me, anything over 60 hours is miserable, and doing 80 hour weeks on a week in, week out basis would destroy me. I wouldn't last a year.




My grades aren't good enough to get me into Big4 anyway, so its moot. Working 80hrs a week for the entire year would destroy me, working 80 for a quarter of the year during busy season would not. I think they work much closer to 60 than 80, but I don't really know yet, none of my friends have been working there for more than 3 months.
Posted by just me
Front of the Class: Schooling You
Member since Mar 2006
34489 posts
Posted on 3/19/09 at 6:24 pm to
Once you start doing the hours, you get used to the hours.

It's not that bad. especially when you consider the payoff.
Posted by fouldeliverer
Lannisport
Member since Nov 2008
13538 posts
Posted on 3/19/09 at 7:16 pm to
My advice: Don't even think about going to law school unless you have a full ride or you know the exact reason why you want to become a lawyer. Please, make sure your reason for going is not because you graduated from undergrad and you don't know what to do. I made that mistake, but I had a full ride at Tulane. Even though I was in the top third of my class, I left after my first semester because of the market and just general dislike for the legal field. Now, I have a great job and couldn't be happier that I left it behind.

Also, I have many friends at Tulane law that are in the top half of the class and they can't even get an interview right now for summer associates. Just be forewarned and educate yourself about law school, the profession, and the legal market before you make the decision.
Posted by Cold Cous Cous
Bucktown, La.
Member since Oct 2003
15343 posts
Posted on 3/19/09 at 8:19 pm to
quote:

Once you start doing the hours, you get used to the hours.

It's not that bad. especially when you consider the payoff.

Glad it works for you, but better you than me imvfho. And the "payoff" doesn't excite me like it excites some - the prize for this particular pie-eating contest is more pie.
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
465550 posts
Posted on 3/19/09 at 8:37 pm to
there comes a certain point when the payoff isn't even really that beneficial to you objectively

if you have to pay for all of this extra shite b/c you don't have enough time to do it yourself, that salary is being cut down. if your base self is accustomed to to a higher lifestyle then you have to make more and more to sustain it

now will i fall into this trap? it's possible, but i hope it doesn't. not for the parasitic relationship...for me
Posted by CharlieMorrisTiger
Leftopia
Member since Feb 2008
1346 posts
Posted on 3/19/09 at 9:31 pm to
third-tier, not as good as LSU, much more expensive. other than that, super.
Posted by TortiousTiger
Baton Rouge
Member since Jan 2007
12668 posts
Posted on 3/20/09 at 7:48 am to
yall are pussies. I billed 19 hours yesterday, ripped a few law clerks some new assholes, then took a client to ruths.

Posted by Keys Open Doors
In hiding with Tupac & XXXTentacion
Member since Dec 2008
32769 posts
Posted on 3/20/09 at 9:41 am to
I guess that's the logical progression for someone who slams 18 beers, beats up a GDI outside the bar, and then gets in a threesome with two dimes every Tuesday, Thursday, Friday, and Saturday for all six years of college.

Getting serious for a second. My best friend's dad is a partner at a pretty prestigious law firm. It's not quite at the level of Wachtell, Cravath, or Sullivan & Cromwell, but apparently it's considered one of the top 20 firms in the country. He's been a partner for over a decade, and even now, a typical day for him is working from 8:00-7:00 although he doesn't work weekends.

The idea of looking forward to working 55 hours/week after becoming a partner doesn't seem all that appealing.
Posted by Thomas Hudson
Dallas
Member since Dec 2006
7310 posts
Posted on 3/20/09 at 10:19 am to
quote:

one of the top 20 firms in the country.


Which firm, or if you don't want to say the name, in which city is it located?

I ask because this:

quote:

a typical day for him is working from 8:00-7:00 although he doesn't work weekends.


strikes me as atypical for partners at most AmLaw 100 firms. I.e., they usually work more and typically at least some on the weekends, IME.
Posted by Keys Open Doors
In hiding with Tupac & XXXTentacion
Member since Dec 2008
32769 posts
Posted on 3/20/09 at 10:26 am to
The initials are FFHSJ. Shouldn't be too hard to figure out

He works very occasional weekends (like a half-day once a month), but it was easier to just say 55 hours/week.

I was talking to him about the Portfolio Managers at my previous employer, and he cringed when I told him that most came in around 7:45 and left shortly after 5.
This post was edited on 3/20/09 at 10:27 am
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