Welcome to The Purse Forum.

serenitypainted · Oct 25th, 2009, 03:23 PM

It's definitely no longer not the profession our parents brought us up to think it was. I'm glad I thought twice inundating myself under hundreds of thousands of tuition dollars in debt.

~Fabulousity~ · Oct 27th, 2009, 11:21 AM

sad...

venusfly · Oct 27th, 2009, 03:52 PM

Not surprised....but I've seen it before...seems things were as bad in the NY legal market for quite some tim after 9/11....it's going to be rough for a while...

legaldiva · Oct 27th, 2009, 04:22 PM

Originally Posted by serenitypainted

It's definitely no longer not the profession our parents brought us up to think it was. I'm glad I thought twice inundating myself under hundreds of thousands of tuition dollars in debt.

I often complain about my loans, but I landed 2 good jobs since graduating (one was a one-year contract position, the other is my dream job).

I think what we all really need to get past is that everything will be just perfect if you have a grad degree: you'll be rich, have your dream job and a house with a pool in the suburbs. It takes much more hard work, determination and integrity to be successful than ever now. The economy is just separating the wheat from the chaff, IMHO.

MACsarah · Oct 27th, 2009, 10:52 PM

My dad told me about this, and that sucks for all recent grads. They have to pay of their student loans asap, and with firms only hiring the few of the best, its not going to happen very soon. They even have to compete against attorneys with more experiance. It must really suck.

ayla · Oct 27th, 2009, 11:02 PM

Apparently the figures were wrong ! - http://abovethelaw.com/2009/10/color...ent_correc.php

Gimmethebag · Oct 27th, 2009, 11:05 PM

My SO is graduating from law school in May. He had an interview this past weekend, and it went well.

He didn't get a job offer but was told that they are interested, to keep in touch and that they want to interview him closer to his graduation date. It is a fairly new firm, but it is an amazing opportunity... they already have some famous clients on their roster.

We are hopeful that he will have a job offer in 8-9 months. We want to get engaged, but we will not until he has a job.

DiorDeVille · Oct 28th, 2009, 02:14 PM

Originally Posted by ayla

Apparently the figures were wrong ! - http://abovethelaw.com/2009/10/color...ent_correc.php

Thanks for posting!! That's much more believable. :)

I don't know what to think. A lot of older attorneys I talk to say its the best career ever. (Of course, that demographic is made up solely of people who liked the work enough to stick with it for 10-20 years.) But then, they graduated when there were 1/2 as many attorneys per issue as there are today - and with $15-30k in student loans. With those stats, I'd have to agree with them. Today, its not that the salaries are bad, its that you're paying the equivalent of a mortgage every month in student loan payments for the privilege of making that salary.

Gimmethebag · Oct 28th, 2009, 11:32 PM

Originally Posted by DiorDeVille

Thanks for posting!! That's much more believable. :)

I don't know what to think. A lot of older attorneys I talk to say its the best career ever. (Of course, that demographic is made up solely of people who liked the work enough to stick with it for 10-20 years.) But then, they graduated when there were 1/2 as many attorneys per issue as there are today - and with $15-30k in student loans. With those stats, I'd have to agree with them. Today, its not that the salaries are bad, its that you're paying the equivalent of a mortgage every month in student loan payments for the privilege of making that salary.

I agree. My SO is going to graduate law school completely debt-free. Which really helps in this economy, as he can take less pay if necessary and not have to worry about $100-200k in loans.

Jahpson · Oct 30th, 2009, 11:14 PM

Originally Posted by legaldiva

I often complain about my loans, but I landed 2 good jobs since graduating (one was a one-year contract position, the other is my dream job).

I think what we all really need to get past is that everything will be just perfect if you have a grad degree: you'll be rich, have your dream job and a house with a pool in the suburbs. It takes much more hard work, determination and integrity to be successful than ever now. The economy is just separating the wheat from the chaff, IMHO.

good point.

even with just a bachelor's. Some people think with that degree alone they will get all that and a third

lolitakali · Oct 31st, 2009, 03:32 PM

A trend for ALL grads...

that is not inclusive of the grads with the jobs that are not even the jobs in their field that they studied for = not making what they are supposed to be making after the degree/MS program...

onesmallchimera · Nov 7th, 2009, 08:23 AM

Originally Posted by miss alice

I agree. I think it also has to do w/ regionalism. I was offered a job since last year, even before I graduated law school (I am in East Coast) this May.
I started working since Sept after my bars and now I am actually moving to another firm who gave me an offer I cant refuse.
Many of my classmates were also given offers before our 3L yr began...Albeit there were some who were w/o employment upon graduation but I didnt think the numbers were so high that it was alarming. I really think these statistics need to be taken w/ a grain of salt b/c there are soo many factors/variables involved (grades, school ranking, personality, firm size, practice field, etc). Not to mention hiring is a very individualized process. IMO.

Hopefully other lawyers and law grads can chime in as well.

I have a job as an attorney and I attended a decent law school.The vast majority of my friends found legal jobs relatively quickly. BUT a few friends of mine - some of which even have LLMs at this point - are still looking for a job after a year.

Whether or not you get a job out of law school depends on how highly your school is ranked, what your class rank is, where your law school is, how well you interview, and what type of activities you were involved in during law school.

lolitakali · Nov 7th, 2009, 02:06 PM

^^^ that plus luck and more importantly, who you know.

KC1984 · Nov 9th, 2009, 08:07 AM

Thats really sad, I don't work in law but at my company we have a huge grad scheme, they get 4k in their account on their start date

natmk28 · Nov 9th, 2009, 09:37 AM

the markets really not THAT bad right now, at least not in philly. People are blowing it out of proportion, and students are getting whiney because they aren't getting the $150k a year jobs they dreamed about when entering law school, but jobs are definitely there if you look for them

I go to a decent law school (top 50ish, not the the best of the best by any means) and I'd say 75% of the people who graduated have jobs by now (bar results just came out here about a month ago.) My bf was one of them, sure, he took a job that wasn't his first choice, but whatever, he has a job, and he's had no trouble finding interviews to go on in attempts to find a job that he prefers over his current situation.

I want to go into real estate law, that goal, is most definitely not going to happen in this market....

Oct 27th, 2009, 11:21 AM	#17
~Fabulousity~ Member Joined: Jan 2006 Posts: 12,925	sad...
~Fabulousity~ Member Joined: Jan 2006 Posts: 12,925

Oct 27th, 2009, 03:52 PM	#18
venusfly The World My Oyster Joined: Feb 2007 Location: New York City, USA Posts: 2,135	Not surprised....but I've seen it before...seems things were as bad in the NY legal market for quite some tim after 9/11....it's going to be rough for a while...
	__________________ "A girl should be two things: classy and fabulous." Coco Chanel

Oct 27th, 2009, 11:02 PM	#21
ayla Gangsta Luv♥ Joined: Oct 2005 Location: Toronto, Ontario Posts: 21,247	Apparently the figures were wrong ! - http://abovethelaw.com/2009/10/color...ent_correc.php
	__________________ It's here ! My much grown collection !

Oct 27th, 2009, 11:05 PM	#22
Gimmethebag Gimme Gimme Gimme Joined: Dec 2008 Location: STL-Nashville-Chicago Posts: 1,109	My SO is graduating from law school in May. He had an interview this past weekend, and it went well. He didn't get a job offer but was told that they are interested, to keep in touch and that they want to interview him closer to his graduation date. It is a fairly new firm, but it is an amazing opportunity... they already have some famous clients on their roster. We are hopeful that he will have a job offer in 8-9 months. We want to get engaged, but we will not until he has a job.
	__________________ Add Bubbles To Taste Follow me.

Oct 31st, 2009, 03:32 PM	#26
lolitakali Mira Joined: Feb 2007 Location: Maryland Posts: 2,492	A trend for ALL grads... that is not inclusive of the grads with the jobs that are not even the jobs in their field that they studied for = not making what they are supposed to be making after the degree/MS program...
	__________________ *Best way to diet is to eat what you hate, not eat what you love.* *$$$$$ / GOLD = "my precious".* -ME to be a dragon hoarding gold-

Oct 25th, 2009, 03:23 PM	#16
serenitypainted Member Joined: Aug 2009 Location: Vancouver, BC Posts: 6	It's definitely no longer not the profession our parents brought us up to think it was. I'm glad I thought twice inundating myself under hundreds of thousands of tuition dollars in debt.

Oct 27th, 2009, 10:52 PM	#20
MACsarah Because I want it. Joined: Sep 2008 Location: Where dreams come true. Posts: 4,941	My dad told me about this, and that sucks for all recent grads. They have to pay of their student loans asap, and with firms only hiring the few of the best, its not going to happen very soon. They even have to compete against attorneys with more experiance. It must really suck.

Nov 7th, 2009, 02:06 PM	#28
lolitakali Mira Joined: Feb 2007 Location: Maryland Posts: 2,492	^^^ that plus luck and more importantly, who you know.
	__________________ *Best way to diet is to eat what you hate, not eat what you love.* *$$$$$ / GOLD = "my precious".* -ME to be a dragon hoarding gold-

Nov 9th, 2009, 08:07 AM	#29
KC1984 Member Joined: Mar 2008 Location: In my own little World Posts: 967	Thats really sad, I don't work in law but at my company we have a huge grad scheme, they get 4k in their account on their start date
	__________________ *I know a girl, she puts the colour inside of my world XXX*

Nov 9th, 2009, 09:37 AM	#30
natmk28 Member Joined: Jul 2006 Posts: 98	the markets really not THAT bad right now, at least not in philly. People are blowing it out of proportion, and students are getting whiney because they aren't getting the $150k a year jobs they dreamed about when entering law school, but jobs are definitely there if you look for them I go to a decent law school (top 50ish, not the the best of the best by any means) and I'd say 75% of the people who graduated have jobs by now (bar results just came out here about a month ago.) My bf was one of them, sure, he took a job that wasn't his first choice, but whatever, he has a job, and he's had no trouble finding interviews to go on in attempts to find a job that he prefers over his current situation. I want to go into real estate law, that goal, is most definitely not going to happen in this market....
natmk28 Member Joined: Jul 2006 Posts: 98

Welcome to The Purse Forum.

Our Purse Forum, or TPF, is the #1 online social network for everything designer handbag related. Join over 200,000 enthusiastic members in this friendly community and start engaging in the discussion today.