Reply to is being a lawyer losing its appeal compared to tech or finance for high achieving students?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I did well in biglaw.  Son is attending now. Entering Law, is, still the best upward mobility vehicle I know of aside from med school, which takes much longer. After clerking, he'll enter DC or New York firms making $246K or better.  Yes, he knows how mindboggling boring it can be.  He's heard it from me and all of my friends.  Itis what it is.  But it will get him set financially for life and after being an associate, he can find a better path should he want it. There are many other things that law graduates can do.  Many[/quote]

A law degree closes doors outside of law. Any business front office role you get with a JD could’ve been much more easily obtained before committing three years to rote study. [/quote]

Early Retired Biglaw partner here and I agree 100 percent.  In my experience, the young lawyers starting out making the big money in Biglaw earn every penny of it and by and large are miserable, and the large majority of them who don’t end up on partner track stress out to the nth degree over what to do next and how to even come close to matching their Biglaw
salaries.  And they do find many doors have closed firmly behind them.  Most eventually do land on their feet and end up happy but it’s rarely easy and without scars financially and to their egos.   They’re not used to failing and, yes, most Biglaw associates do fail.  [/quote]

I'm curious about other career paths.  I have a pre-law kid who is eyeing Big Law only due to the money but I think it's a bad fit for her.  I'm wondering about, instead, taking a job in a company or maybe Wall Street rather than a law fim.  Is the lifestyle there appreciably different?[/quote]

So she wouldn’t be taking those other jobs or the money?  Ok . . . [/quote]

A banker or PE principal in their 40s works less than a big law partner and they make more given comparable talent. They also didn’t waste three years of their 20s in school. There are plenty of FAANG employees in their 30s sitting on eight figures due to RSUs, mega backdoor Roth, and other benefits they gain with 50 hour work weeks and specialized skills. [/quote]

Uh huh.  Still doesn't answer the question.[/quote]

I can assure you, HYPS students are overly aware of what was stated and are refusing to enter big law accordingly. [/quote]

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