Is Law School a Losing Game? Article

Discussion in 'Business, Careers & Education' started by Rugger, Jan 8, 2011.

  1. rjakapeanut

    rjakapeanut Senior member

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    Yeah I'm sure that's why everyone thinks you're an immature little twit. [​IMG]

    if i had never exposed my age you all would just assume i was an asshole. the immature bit is only introduced because you're aware of my age. my opinions aren't immature, they're just dickish. there's a difference.
     


  2. BC2012

    BC2012 Senior member

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    I'd probably sink 60k into a law degree from Iowa, tbh (I grew up in DSM). Iowa's ranked top thirty or so, right? With a liberal arts degree, you really don't have a lot of options that have any upward potential. I'll be in just a little bit less for my JD/MBA at UGA. I don't think I've made a horrible investment.
    Iowa is T30ish (closer to the ish end of things) - BigLaw out of there is tough as hell. You could make a way worse investment of $60k, though. Still, if you are willing to spend $60k and your ambition IS BigLaw, you should consider trying to get into a better school. $60k will be like $500/month in loan payments which ends up being quite a bit for someone making $50k/year (on top of rent, car payment, etc.)
     


  3. ConcernedParent

    ConcernedParent Senior member

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    if i had never exposed my age you all would just assume i was an asshole. the immature bit is only introduced because you're aware of my age. my opinions aren't immature, they're just dickish. there's a difference.
    No, people would then just think you are an idiot.
     


  4. nerdykarim

    nerdykarim Senior member

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    Iowa is T30ish (closer to the ish end of things) - BigLaw out of there is tough as hell. Has a good reputation for teachers, though.
    Yeah, same as UGA. I don't think you could go to either school and expect biglaw. But as long as you do decently well, you can assume that you'll find something and that if you work hard and make some smart lateral moves, you'll end up doing okay in the long term. Maybe I'm being optimistic, but I'd say you could easily get a positive NPV out of a law degree from Iowa at 60k in (assuming you're young/you're not leaving a decent position to go to school). The problem, I think, for students who get liberal arts degrees (and I think this is the fundamental problem with all of this law school stuff) is that you can make your $40-50k/year but there's little to no potential for growth in most of those positions.
     


  5. rjakapeanut

    rjakapeanut Senior member

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    No, people would then just think you are an idiot.

    sure. same stuff.
     


  6. Modern Day Adonis

    Modern Day Adonis Well-Known Member

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    I'd probably sink 60k into a law degree from Iowa, tbh (I grew up in DSM). Iowa's ranked top thirty or so, right? With a liberal arts degree, you really don't have a lot of options that have any upward potential. I'll be in just a little bit less for my JD/MBA at UGA. I don't think I've made a horrible investment.
    Correct, Iowa is ranked 26. I agree, the liberal arts degree isn't ideal but I've enjoyed it a lot. Conne, $60k isn't chump change but it's no where near $250k in debt. I have a couple of options that I can fall back on if I do graduate and somehow fail to gain decent employment (read at least 50k). -Edit, I am young, I haven't finished UG yet. I'm honestly not sure if I want to do BigLaw or not? Haven't had enough insights from others or experiences to decide for myself. There are other law schools I could get admittance to but I'm hoping for a scholarship at Iowa. If I did and it turned to $0 debt then it'd take a good T14 gig to sway me from Iowa.
     


  7. BC2012

    BC2012 Senior member

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    Correct, Iowa is ranked 26. I agree, the liberal arts degree isn't ideal but I've enjoyed it a lot. Conne, $60k isn't chump change but it's no where near $250k in debt. I have a couple of options that I can fall back on if I do graduate and somehow fail to gain decent employment (read at least 50k). -Edit, I am young, I haven't finished UG yet. I'm honestly not sure if I want to do BigLaw or not? Haven't had enough insights from others or experiences to decide for myself. There are other law schools I could get admittance to but I'm hoping for a scholarship at Iowa. If I did and it turned to $0 debt then it'd take a good T14 gig to sway me from Iowa.
    If BigLaw is ultimately what you want, for sure, then Iowa isn't the place for you. In 2009 they placed 19% of their class in the top 250 (by size) law firms. Only 9 schools placed 50% or more, fwiw.
     


  8. Modern Day Adonis

    Modern Day Adonis Well-Known Member

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    If BigLaw is ultimately what you want, for sure, then Iowa isn't the place for you. In 2009 they placed 19% of their class in the top 250 (by size) law firms. Only 9 schools placed 50% or more, fwiw.

    Thanks for the info, I'll have to do some more reading on Biglaw and decide what exactly I want.
     


  9. bluemagic

    bluemagic Senior member

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    I would not go to law school unless it was Yale, Harvard, or Stanford, or I had a family member or friend *guaranteeing* me a job after graduation. Sadly, I am a law student anyways.
     


  10. scientific

    scientific Senior member

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    anyone going to law school outside of tier 1 (real tier 1 ie top 5) is foolish and deserves to be an indebted barista
     


  11. BC2012

    BC2012 Senior member

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    anyone going to law school outside of tier 1 (real tier 1 ie top 5) is foolish and deserves to be an indebted barista

    That's extreme. Also, which of Chicago, NYU, and Columbia are you leaving out of the 'real tier 1?'
     


  12. scientific

    scientific Senior member

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    columbia was in my tier 1 but i could be wrong. i mean real real tier 1 is prob harvard and yale, below that anything is a step down - the only relevant attribute of a law school is its prestige.
     


  13. BC2012

    BC2012 Senior member

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    columbia was in my tier 1 but i could be wrong. i mean real real tier 1 is prob harvard and yale, below that anything is a step down - the only relevant attribute of a law school is its prestige.
    You obviously mean Yale, Harvard, and Stanford. Are you a law student? Your replies seem pretty off-base for someone who went through the process of getting into law school.
     


  14. scientific

    scientific Senior member

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    yea stanford is just part of that left coast thing ... it doesnt have the same name rec on the east coast
     


  15. BC2012

    BC2012 Senior member

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    yea stanford is just part of that left coast thing ... it doesnt have the same name rec on the east coast
    LOL @ it doesn't have the same name rec on the East Coast. Maybe not to your mom and her mahjong partners but to law firms it carries a ton of prestige, be it in NYC, Chicago or in San Francisco.
     


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