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Do you think first year lawyers deserve the $180k starting salary they just got bumped up to?

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Definitely. They work really hard and most of us (depending on firm and client ) don't work close to as many hours. One of the biggest differences (at least for audit) is they provide a service clients actually want and are willing to pay for it so there's more $$ to put into their salary.

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Not all attorneys make $180k starting

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Yeah that's for firm jobs. Those are hard to get. Plus they need the money to pay off the ridiculous student loans. I'll stick with my BS and CPA without debt any day

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You know that maybe less than 2% of fresh law grads actually see that right? Right number is probably less than 1%.

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Spoke to a buddy of mine who's a partner at one of the specialist firms. He said that law firms are very pedigree oriented. It used to be they accepted only from the top ten schools and between some people that graduate in the top 1-3% of their classes from other schools. That's no longer the case. He said when people tell him that they're going to a not top ten law school he tells them not to waste their time and money. His fine and many of the top firms he deals with won't even look at a resume of someone not from certain schools even experienced hires.

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@Crowe1 is right. Big Law jobs are really difficult to get. My roommate in college went to Emory Law and graduated 3rd in his class with only one job offer that barely grazed 100k. That being said, the best of the best are making 160-180k and they likely deserve it.

@CH1, I'd say it's more like at 8-11% get biglaw jobs out of college. To say maybe 4,000 of the 40,000 total isn't stretching it, wouldn't you say? Also, @D1, loans aren't terribly ridiculous if you do them right. With that salary, a low interest rate (not unheard of), and an aggressive payment strategy, you can have them paid off entirely in 3-4 years. I'm intrigued to know how lawyers feel about it being across the board; NYC stays the same, while much more lax markets get upgraded. Cost of living salary inflation be damned, right?

@OP it's easier said than done. First year attorneys at big firms have to spend a metric fuckton on nice shit to look the part of a big time lawyer (several really good suits, etc). Combine that with the high af cost of living and taxes and you're left with a really low amount of cash to throw at your loans.

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