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?

10 comments:

  1. It should. It's ridiculous to think a 25 yo brat with good grades from a T14 school is actually worth 165K+ / year.

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  2. What about tuition costs? How are students going to repay their loans if salaries go down.

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  3. It can and it will go down.

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  4. It should go down, but schools should stop gouging students

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  5. 1L 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.

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  6. 5:37, I agree with you. I am in a similar position...although I am a 2L now, and am kind of stuck.

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  7. Looks like Philly's in the worst shape of all markets. Crummy for Nova/Drexel/Temple. Penn, too, but less so I guess

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  8. I 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.

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  9. As 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.

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  10. Did you go to law school just for the money? What about the experience, knowledge, ec?

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