PP here -- this is impressive. What kind of marketing did you do to make the steady climb? I would love to do this but don't think I currently have the portable book to make it more profitable than what I'm doing now, unless perhaps I took on my own contract work. What % do you pay your contractor? Sorry to derail the thread, but it does show OP that there is more than Big Law and Gov Law. |
That's a strawman, and a bad one. Read this chain: Lots of voices stressing that law school is NOT like undergrad, that prestige matters a lot for law school and very little for undergrad. |
+1 only do it if T14 or it has to be very cheap (really good in state tuition or scholarship), unless parents can easily fund it with no loans. |
| I am a lawyer and went to top 50 and have made it but didn't get the same opportunities as firms from prestigious schools. I got by on my experience. My kid goes to Columbia is a 2L and is getting wined and dined. |
I went to a tier 3 undergrad and would happily send my kid to one if it was the best fit. I'd never ever let my kid attend a tier 3 law school. To do so is playing roulette with your future. Most lose. -lawyer |
I pay the contractor a flat fee per project. She has given me a fee schedule per case. Because of the type of work we do, it's usually flat fee. However, I don't send out work that often - maybe a few a year. I don't do any marketing now. It's all client referral. The first few years, I tried marketing via online sources that yielded little. The key to solo practice is sticking in the game because it takes a while for the referral pipeline to build up. Salaries were Y1 $20K (but I started mid-year); Y2 $65K; Y3 $80; Y5 $111 Y6$132....Y10 $320K....Y12 $425(est). There are big bumps in some years because I gained large corp clients in some years, or COVID. I'm anticipating that I will level off, or have to hire someone bc I'm at max of what solo can handle. And yes, there's so much more to law than just the govt & big law discussion. 80% of the attys that I know do something similar to what I'm doing. Maybe it's because I didn't start out in DC metro. Anyway, solo, small to mid size firms should not be overlooked. I have been at home virtually working for past 10 years. I've raised my kids and controlled my own time. I don't think that I'm missed out too much career ways because law is so flexible. Just something to think about, OP. |
I went to a mediocre state flagship and I was absolutely STUNNED by the way potential employers treated us T14 students. It’s hard to understand from the outside. |
I wouldn’t recommend UMD. It gets massively screwed by its location and rank. It doesn’t have enough close ties to DC to be like a public (re: cheaper) GW that places somewhat well in the region. It competed with UB in the Baltimore market. In Baltimore, there isn’t enough big law to take a sizable chunk of the class. And UB does very well in Baltimore for a low ranked school. Last I checked, UB and UMD had the same employment states with the only difference being UMD placed about 5% more in big law. It seemed to me that if you didn’t have the grades for big law, the Baltimore market treated UB and UMD kids the same. So you even though UMD was ranked hire, a lot of attorneys in the Baltimore market would hire top 1/3 at UB over median at UMD. |
So you opened a solo practice straight out of law school? No prior legal experience? Did you have loans? What year was this? |
But when? the legal employment market ebbs and flows |
No, I worked for a firm where I gained experience in my field of expertise for about 2 years. I did not start my firm with a book of business, though, as I'd left to have a baby. Yes, I had loans - about $80K. It was 2011. In the first few years, I had to do contract work on the side to supplement income until I got to a level where my practice was making enough to support me. |
| I would never let my kids go to law school unless we could pay for this. My DH went to a top 100 law school (so not T14 at all) and lucked out that he got a big law job right out of law school and is not a partner at a big law firm in DC. BUT it was seriously just luck of the draw. He graduated during a major recession and I think only 15 kids from his law class got big law jobs out of law school. Plus he had well over $150,000 of student loans. We are going to finish paying them next year, 10 years out of law school. It sucks. Plus the hours are insane and he is stressed all the time. |
Ok. So your anecdote is completely dependent on law grads finding an entry level position to learn the trade. Pretty much no one opens a solo practice straight out of law school. The risk of a lower tier school is never finding that entry level job. |
To add a few more: It seems obvious but only to law school if you want to be a lawyer. OP mentioned public policy also - maybe a Masters in Public Policy is better for that. Also, go to law school in the area where you want to work. We have a friend who was from Jersey, went to undergrad in Jersey and wanted to work in NYC. But he went to the top-ranked law school he got into which was Vanderbilt. NYC firms didn’t want to hire him. Would have been better off going to Fordham. |
Graduated in 2013 so I was still getting wined & dined during the lean years. |