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College and University Discussion
Reply to "law school?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I'm going to go against the grain on this thread and say prestige is for the birds. I know DCUM is obsessed with it but you can have a completely lucrative career having gone to a public law school. The vast majority of lawyers in this country are not employed at big law and did not attend a top 10 law school. In fact, most of the attys that I know who started up their own firms and now make $$$ went to public, no name schools. DCUM is a weird place for advice because it slants in one direction only - private, prestigious, big law, money, did I say prestige? In truth, there a multitude of avenues for success. I went to a public, not highly ranked school[b]. I started up my own practice because I wanted more freedom to raise my kids. I don't make big law money but at $400-500K, I'm doing just fine in a dual income home. [/b] There are lots of ways to make a living in law, OP, more than gov't and big law. Chances are when your DC gets to law school interests will change. [/quote] This is really good. Is that your net? What practice area? Are you a solo? Any employees or associates? Any office overhead? ~~Another Lawyer[/quote] The range is gross. At October, my YTD gross is about $420K. I expect to hit about $455/470 by end of this year (gross) with $425-ish net. I'm 100% virtual so my overhead is about $30K per year. It's very low so I keep roughly 90% of what I bring in. This does not include my taxes (obv) just office expenses (e.g., virtual lease, softwares, supplies, some 1099 work, cc fees). I have one contractor who works on an as needed basis but otherwise I'm a true solo. I don't have the bandwidth for a full office with employees due to kids/family, though have been approached by other firms re: mergers. I'm just not interested. I'm in employment based immigration and have been doing this over a decade. [b]Year 1, I made $20K so it was a steady climb. [/b][/quote] 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. [/quote]
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