Hello everybody,
I am currently studying abroad at the University of Illinois, and I am talking a lot to the JD students over here. One of them is constantly talking about how most are expecting to find a job which makes them 100k per year, at the very least.
Where I am from this seems like a really high amount, I'm from Europe, and I only hear partners getting over 100k.
Or do people in the US talk about 10k pre-tax? That would kinda make up for the discrepancy.
That much salary?
Posted Feb 11, 2014 18:27
I am currently studying abroad at the University of Illinois, and I am talking a lot to the JD students over here. One of them is constantly talking about how most are expecting to find a job which makes them 100k per year, at the very least.
Where I am from this seems like a really high amount, I'm from Europe, and I only hear partners getting over 100k.
Or do people in the US talk about 10k pre-tax? That would kinda make up for the discrepancy.
Posted Feb 11, 2014 22:33
Hello everybody,
I am currently studying abroad at the University of Illinois, and I am talking a lot to the JD students over here. One of them is constantly talking about how most are expecting to find a job which makes them 100k per year, at the very least.
Where I am from this seems like a really high amount, I'm from Europe, and I only hear partners getting over 100k.
Or do people in the US talk about 10k pre-tax? That would kinda make up for the discrepancy.
Most firms in the US have their starting salary on their website. As a rule of thumb, a first year associate makes USD120K to 150K a year... but that is BEFORE taxes.
I am currently studying abroad at the University of Illinois, and I am talking a lot to the JD students over here. One of them is constantly talking about how most are expecting to find a job which makes them 100k per year, at the very least.
Where I am from this seems like a really high amount, I'm from Europe, and I only hear partners getting over 100k.
Or do people in the US talk about 10k pre-tax? That would kinda make up for the discrepancy. </blockquote>
Most firms in the US have their starting salary on their website. As a rule of thumb, a first year associate makes USD120K to 150K a year... but that is BEFORE taxes.
Posted Feb 12, 2014 04:05
a first year associate makes USD120K to 150K a year, BUT ONLY AT THE BIG FIRMS. Only about 10% of graduating students will be accepted by the big firms. At a school like U of I, maybe 20% of the graduating students will be accepted at the big firms. Most U.S. first year associate will make about USD 50K a year.before taxes.
Posted Mar 31, 2014 20:23
This is a huge myth. The law industry has collapsed in this country. Do a quick search and you will see. 250k students a year being poured into an economy that has plummeted in jobs, with another 2,000 jobs lost just last month. Do the math.
Unless a law student is at Harvard, Stanford or Yale graduate AND at the top of their class, they're likely going to be out of work for more than a year and saddled with huge debt for decades to come. It's this kind of lie that led to a highly publicized $50 million settlement from all the crappy 4th tier law schools for pushing their bogus "placement rates." Check out some of the U.S. forums, especially one that caters to JDs with the word under ground in it. Or just Google law 'school ^scam.
The same biglaw firm I used to work for in a big city, where starting pay was 125, used to hire 100 clerks every summer then offer jobs to about 75. Now they offer jobs to 3. It's a new world. But law students have to feed the mill. The mill of well-paid professors and administrators that just keeps grinding them up, year after year.
Unless a law student is at Harvard, Stanford or Yale graduate AND at the top of their class, they're likely going to be out of work for more than a year and saddled with huge debt for decades to come. It's this kind of lie that led to a highly publicized $50 million settlement from all the crappy 4th tier law schools for pushing their bogus "placement rates." Check out some of the U.S. forums, especially one that caters to JDs with the word under ground in it. Or just Google law 'school ^scam.
The same biglaw firm I used to work for in a big city, where starting pay was 125, used to hire 100 clerks every summer then offer jobs to about 75. Now they offer jobs to 3. It's a new world. But law students have to feed the mill. The mill of well-paid professors and administrators that just keeps grinding them up, year after year.
Posted Apr 03, 2014 17:36
This is a huge myth. The law industry has collapsed in this country. Do a quick search and you will see. 250k students a year being poured into an economy that has plummeted in jobs, with another 2,000 jobs lost just last month. Do the math.
Unless a law student is at Harvard, Stanford or Yale graduate AND at the top of their class, they're likely going to be out of work for more than a year and saddled with huge debt for decades to come. It's this kind of lie that led to a highly publicized $50 million settlement from all the crappy 4th tier law schools for pushing their bogus "placement rates." Check out some of the U.S. forums, especially one that caters to JDs with the word under ground in it. Or just Google law 'school ^scam.
The same biglaw firm I used to work for in a big city, where starting pay was 125, used to hire 100 clerks every summer then offer jobs to about 75. Now they offer jobs to 3. It's a new world. But law students have to feed the mill. The mill of well-paid professors and administrators that just keeps grinding them up, year after year.
I totally agree with your post.
The legal industry in the US has changed completely in the last five years.
Investing in legal education is a huge waste unless you end up at a very, very good law school and in the top 10-20% of your class.
"Hibernating" for a couple of years after graduation hoping for things to get better is an illusion. It's not you who will get hired when things get brighter, but the then graduates who will be younger, hungrier, cheaper and more up to date academically.
That's the sad truth for US graduates.
Things are totally different in Europe, of course.
Unless a law student is at Harvard, Stanford or Yale graduate AND at the top of their class, they're likely going to be out of work for more than a year and saddled with huge debt for decades to come. It's this kind of lie that led to a highly publicized $50 million settlement from all the crappy 4th tier law schools for pushing their bogus "placement rates." Check out some of the U.S. forums, especially one that caters to JDs with the word under ground in it. Or just Google law 'school ^scam.
The same biglaw firm I used to work for in a big city, where starting pay was 125, used to hire 100 clerks every summer then offer jobs to about 75. Now they offer jobs to 3. It's a new world. But law students have to feed the mill. The mill of well-paid professors and administrators that just keeps grinding them up, year after year.</blockquote>
I totally agree with your post.
The legal industry in the US has changed completely in the last five years.
Investing in legal education is a huge waste unless you end up at a very, very good law school and in the top 10-20% of your class.
"Hibernating" for a couple of years after graduation hoping for things to get better is an illusion. It's not you who will get hired when things get brighter, but the then graduates who will be younger, hungrier, cheaper and more up to date academically.
That's the sad truth for US graduates.
Things are totally different in Europe, of course.
Posted Apr 03, 2014 17:39
Hello everybody,
I am currently studying abroad at the University of Illinois, and I am talking a lot to the JD students over here. One of them is constantly talking about how most are expecting to find a job which makes them 100k per year, at the very least.
Where I am from this seems like a really high amount, I'm from Europe, and I only hear partners getting over 100k.
Or do people in the US talk about 10k pre-tax? That would kinda make up for the discrepancy.
The average starting salary for top law graduates in Germany is WAY above USD 100,000.00 nowadays.
I am currently studying abroad at the University of Illinois, and I am talking a lot to the JD students over here. One of them is constantly talking about how most are expecting to find a job which makes them 100k per year, at the very least.
Where I am from this seems like a really high amount, I'm from Europe, and I only hear partners getting over 100k.
Or do people in the US talk about 10k pre-tax? That would kinda make up for the discrepancy. </blockquote>
The average starting salary for top law graduates in Germany is WAY above USD 100,000.00 nowadays.
Hot Discussions
-
LSE LLM 2024-25
19 hours ago 28,483 176 -
Georgetown LLM 2024/2025 applicants
Mar 26 04:10 PM 30,835 162 -
Stanford 2024-2025
Mar 27 04:39 AM 27,996 109 -
Harvard LLM 2024-2025
Mar 19, 2024 37,954 100 -
Duke Law LLM 2024-2025
15 hours ago 14,283 96 -
Columbia LLM 2024/25
Mar 26 04:30 PM 22,993 91 -
MCL Cambridge 2024-2025
50 minutes ago 9,547 86 -
UCLA LLM 2024-2025
12 hours ago 11,606 85