<p>There are a number of issues raised in this thread that I find interesting (and disturbing).</p>
<p>I understand the thought that one needs to god to a Top 10 (or whatever) law school so they can get a big paying job when they graduate to pay off all those loans. How sad . . .</p>
<p>I went to law school in the dark ages (early 80s) and paid $500 a semester at a top 25 public university law school. Many of the top students in my class got jobs at BigLaw firms. I did a judicial clerkship. After watching my friends at BigLaw firms I decided that wasn’t for me so after my clerkship I went to work at a small (VERY small) firm so that I could get good experience. “My” judge almost had a nervous breakdown! (He was a pipeline into the biggest, best biglaw firm in town.)</p>
<p>So why did I spurn biglaw?? I had no interest in being a glorified law clerk for the next 5 or so years. My friends were pumping out memos. They rarely (if ever) met with clients. They rarely go to court, and when they did, they sat quietly and observed. They worked insane hours (at the time 2000 - 2200 billable hours a year was the norm at those firms . . . my guess is that it’s higher now - if you were honest in your reporting, that meant you worked something like 12 hours a day, 7 days a week (I don’t remember the exact figures, although at the time we had it figured to the second!)</p>
<p>I wanted more! (and less) More experience; I met with and worked with clients almost from the beginning. I drafted documents (I did transactional work) from the beginning. I worked hard but not crazy hours (I usually had the entire weekend free). I found law fun and challenging. Yes, I made less than friends in biglaw, but not THAT much less.</p>
<p>And you know what? Most of my friends in biglaw left those firms within 3 years. A number left law altogether, completely burned out and hating anything to do with law.</p>
<p>And now the children of friends are having the same experience. A number of them, graduating at the top of their Top14 law schools and going into Biglaw firms (who can resist $150K with large signing bonuses??) have practiced for a couple of years and fled screaming! </p>
<p>I’d counsel anyone interested in law, especially biglaw to look deep in their heart as to why they want to practice law. If it’s mainly to earn big bucks, or to gain big power, there are FAR better and easier ways to do that than go to law school.</p>
<p>It’s a shame that young people get saddled with such debt that they feel pressured to take jobs that will help them pay that debt but at which the collateral price they pay is far too high. </p>
<p>(Full disclosure: I no longer practice law. I took a detour into academics after practicing for 6 years not because I was burned out with the law but because I lived in an area that was hard-hit by a recession that adversely affected the practice of law. I had always flirted with a career in academics and it seemed like a good move at the time. It was !!)</p>