New York Legal Market for Recent Law School Grads...What Does It Look Like? (lawyers)
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I am wondering if there are any lawyers visiting this blog that can lend an insight into the New York legal market for recent law school grads. I'm moving up there in October after I take the bar exam and I realize that the market does not look good at all. Nevertheless, one has to think that odds of employment rise after passing the bar, right?
Also, what do salaries look like in small- to mid-sized firms practicing bankruptcy and commercial law?
I am wondering if there are any lawyers visiting this blog that can lend an insight into the New York legal market for recent law school grads. I'm moving up there in October after I take the bar exam and I realize that the market does not look good at all. Nevertheless, one has to think that odds of employment rise after passing the bar, right?
Also, what do salaries look like in small- to mid-sized firms practicing bankruptcy and commercial law?
I am a first-year law student in NYC and the market to me looks alright. It's supposed to get better in a couple years. For small firms, salaries are around $60-90K; for medium firms about $70-120K from what I've heard.
Yeah right. Small firms are closer to $55k-$65k. Medium firms do pay close to $70k-$90k, however the medium firm market is almost non-existant. Large firms pay $160k+. There are plenty of big law jobs out there, but you have to graduate from the Ivy league to get one.
Quote:
Originally Posted by crisp444
I am a first-year law student in NYC and the market to me looks alright. It's supposed to get better in a couple years. For small firms, salaries are around $60-90K; for medium firms about $70-120K from what I've heard.
I am wondering if there are any lawyers visiting this blog that can lend an insight into the New York legal market for recent law school grads. I'm moving up there in October after I take the bar exam and I realize that the market does not look good at all. Nevertheless, one has to think that odds of employment rise after passing the bar, right?
Also, what do salaries look like in small- to mid-sized firms practicing bankruptcy and commercial law?
I can only speak for the big law firms, which start at 160k. What's interesting is that we pay 160k in just about all of our offices across the nation, including Houston. Guess how far 160k/year will take you in Houston, where the housing is cheap, and there's no state or city income tax?
By the way, you don't need an Ivy League degree to get into a large law firm; take it from me. Just be at or near the top of your class. Top performers from all "tiers" get offers.
While it's true that lawyers are a dime a dozen in New York, there is, and always will be, competition for the best.
Well just by looking at careerbuilder and others. I see a lot of 150,000 offers for 5+ years of experience. But at the same time 200+ for 5+ years experience. The weird thing I can't find one offer for entry level.
Well just by looking at careerbuilder and others. I see a lot of 150,000 offers for 5+ years of experience. But at the same time 200+ for 5+ years experience. The weird thing I can't find one offer for entry level.
A lot of entry-level attorneys are recruited from law schools.
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