If you are thinking about going to law school, please don't.
Some of you might have read the WSJ article which claimed that biglaw partners are earning more than investment bankers in 2023.
The reality is that law firms operate like MLM companies and have extremely high turnover because the work is mind-numbingly boring and stressful. While litigation is stressful and soul-sucking.
Why does the legal industry suck?
1. The people. Law school tends to attract psychopaths and egomaniacs. The mean girls in high school.
2. Public interest roles (ADA/public defender/NGOs) that pay well are extremely rare.
3. Once again, biglaw (transactional) work is BORING. Like watching paint dry. Imagine putting yourself through the excruciating pain of law school just to read hundreds of pages of merger agreement/loan document and to redline them. For litigation, it is slightly more intellectually-stimulating but mainly involves arguing over minute details that no one else cares about. Clients hate paying for litigation expenses so you are probably in for a fun ride.
4. Biglaw partners treat juniors way worse than IB MDs. If you think investment banking is toxic, try working as a paralegal at your local law firm before thinking about LS. Lawyers (more than half of them) are scumbags and have poor managerial skills. You will likely spend the first 2 years in the office without meeting any client (I know this sub loves front office roles ---- Biglaw feels exactly like back office as a junior).
The industry is never gonna change. On top of that, you have the issue of industry oversaturation and etc. Please take my advice. Stay in finance and don't even think about law school.
Sincerely.
my only advice is to consider law school only if you missed the finance train (target, GPA, relevant internships, etc.). Law school is like a 2nd chance to reach a comfortable job (and boring; but what corporate roles aren't boring?).
Taking on that much debt makes no sense unless you are actually passionate in Law. Would much rather find a way into Finance in a few years vs wasting 3 years in Law School for a career I don't want.
law IB makes sense when you take into account the 3 years of opportunity cost of law school, but if you may need 2-4 years to get into IB, then law school may even be a better choice because assuming you're not retarded you have a higher chance to land in biglaw compared to working 2 - 4 years and not even having the surety of landing a high-paying finance role
much better idea to get an MBA:
A qui velit et est ea quia. Numquam quisquam vel velit iusto labore earum consequatur. Perspiciatis numquam vitae est quam amet nostrum. Possimus debitis magni id repellendus quia. Eligendi et natus iste ex dolore. Quaerat corrupti velit officia quia veritatis laborum. Amet vel cum veniam error autem aliquam qui et.
Porro voluptas officia enim laborum. Minus architecto commodi quaerat laudantium ut nobis. Vel voluptas quisquam fugiat vel ut sunt id. Placeat natus est autem quia.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Asperiores officiis odit aut quaerat vero quaerat amet. Aut omnis aut ab ratione et labore.
Voluptates exercitationem ea eligendi nobis non vel et. Impedit est recusandae maiores beatae qui et natus. Aut alias enim necessitatibus et sequi ducimus. Id quidem et ad unde. Alias quasi ipsa sequi dolor doloremque. Culpa tempore qui accusamus rem quaerat et qui consectetur. Ipsa quam ut facere possimus officia praesentium.
Esse qui placeat ipsa explicabo eius. Quia nesciunt hic assumenda aut repellat sunt a.