Celebrating 10 years! 2007-2017

Are these realistic net value levels for law schools?

Oh those lovable pre law schoolers are at it again. These st trijocker12/29/17
Garbage in, garbage out model. And great example of what hay karlmarx12/29/17
Poaster would have done better just going to the beach inste lilgub12/29/17
Yeah because no one with that GPA and LSAT would ever fail t disappearedattorney12/31/17
"It was a pretty arbitrary decision." Pretty much describ isthisit12/29/17
This is idiotic. Hope nobody misses biglaw, i.e. 40-60% of t thirdtierlaw12/29/17
If you check out his numbers he plugged in 180k first three trijocker12/29/17
Associate pay is less in secondary markets, but I would thin bodog12/31/17
trijocker (Dec 29, 2017 - 12:46 pm)

Oh those lovable pre law schoolers are at it again. These stats convince those with stars in their eyes that they will be at 1.6 million from Stanford or just scant of a million from Iowa.

https://www.reddit.com/r/lawschooladmissions/comments/7mslpl/net_present_value_ranking_of_the_t20_law_schools/#bottom-comments


https://docs.google.com/spreadsheets/d/1N1emhswNtiEUAgxB2RTZvcg3rEA3uwIyB3SsElmL7So/edit#gid=1004551526

Reply Like (0)
karlmarx (Dec 29, 2017 - 1:00 pm)

Garbage in, garbage out model. And great example of what hayek and later taleb call scientism

Reply Like (0)
lilgub (Dec 29, 2017 - 1:04 pm)

Poaster would have done better just going to the beach instead of wasting his time on Reddit. He'll be fine with a 3.78 GPA and 173 LSAT.

Reply Like (0)
disappearedattorney (Dec 31, 2017 - 9:20 am)

Yeah because no one with that GPA and LSAT would ever fail to get Biglaw? Or get run out of Biglaw by 40?

Reply Like (0)
isthisit (Dec 29, 2017 - 1:19 pm)

"It was a pretty arbitrary decision."

Pretty much describes this guy's chart.

Reply Like (0)
thirdtierlaw (Dec 29, 2017 - 1:48 pm)

This is idiotic. Hope nobody misses biglaw, i.e. 40-60% of the class outside the top 10. Or is planning on taking a "biglaw job outside New York or California", or gets laid off prior to year 5.

Most people getting into those top schools are smart, so they'll likely land on their feet, but those expected value levels are absurd.

Reply Like (0)
trijocker (Dec 29, 2017 - 2:31 pm)

If you check out his numbers he plugged in 180k first three years out of law school.
After that he says he assumed 100k permanently, as if these law schools were an annuity.
Outside of NYC or SF, I am not sure someone would make 180k in Atlanta or Houston.

Reply Like (0)
bodog (Dec 31, 2017 - 1:38 pm)

Associate pay is less in secondary markets, but I would think the tax and cost of living expenses would more than account for the differential. I bet a lot BigLaw associates in NY, SF and LA just burn through their pay on rent, meals and services (after servicing student loans) while the same bro in Houston, Kansas City, Nashville, etc. is buying a starter home and nice car, joining a country club, etc...

Reply Like (0)
Post a message in this thread