Reply to Just Curious: Post if you have a Masters, Law or MD and your parents did not pay for college

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Reply to "Just Curious: Post if you have a Masters, Law or MD and your parents did not pay for college "

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[quote=Anonymous][quote][quote=Anonymous]120,000 in college and law school debt for two ppl is nothing!! One law school degree today would cost at least 150,000 in debt. You also built your law careers in the mid to late 90 s wheni had to be a friggin idiot not to be able to get a job as a lawyer. Stop patting yourself on the back. It is a different world now.[/quote]
If you recall the early 1990s -- when we came out of law school -- there was a recession and hiring freeze going on in the legal profession, so it was not the easiest time to get a job coming out of law school .... [/quote]
Yes, I agree with PP who graduated law school in the early 1990s; it was a very tough time to find a job.  Perhaps not as bad as today, but pretty bad.

And while $120k might not seem like much debt now when starting salaries in BigLaw are about $140-160k, note that after I graduated law school in the early 1990s, my starting salary in private practice (post clerkship) was $49k.  Starting law salaries boomed in the late 1990s, so it's easy to forget what life was like before then.  The ratio of debt to starting salary definitely favors young lawyers these days.  So, yeah, it was a different world.  Just don't assume it was an easier one.[/quote]

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