Wednesday, April 8, 2009
So, You Were Saying My Idea BigLaw Associates Could Start At 95k Was Absurd??
In light of this article from Law.com, I thought I'd bump one of BBL's first (and finest, IMO) contentious postings: BigLaw Compensation. Have at it BBL visitors-- could BigLaw compensation realistically go to 100k for First Year associates?
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It should. It's ridiculous to think a 25 yo brat with good grades from a T14 school is actually worth 165K+ / year.
ReplyDeleteWhat about tuition costs? How are students going to repay their loans if salaries go down.
ReplyDeleteIt can and it will go down.
ReplyDeleteIt should go down, but schools should stop gouging students
ReplyDelete1L here: if they cut salaries down to 100k, I'm dropping out. Not kidding. I have no summer job, am at my wits end on searching, and see no point continuing to accrue debt that I'll never be able to pay off.
ReplyDelete5:37, I agree with you. I am in a similar position...although I am a 2L now, and am kind of stuck.
ReplyDeleteLooks like Philly's in the worst shape of all markets. Crummy for Nova/Drexel/Temple. Penn, too, but less so I guess
ReplyDeleteI have a very good feeling my firm is going to cut salaries. There was a partners meeting today, and everyone's preparing for the worst.
ReplyDeleteAs a 1L at a top school, I kind of feel like I have been swindled. I was making $70k in a decent, stable position just a year ago, and it sucks that I might emerge from this in 2 years with a new mountain of debt to make $95k. I might have to agree with 5:37, too.
ReplyDeleteDid you go to law school just for the money? What about the experience, knowledge, ec?
ReplyDelete