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Women and black women taking on more student loan debt for less pay

The greatest con is being perpetrated against those that the ibrslave06/06/18
Exactly. I had to take out the same amount of student loans fettywap06/06/18
I could be way off and my experience is limited, but of the jd4hire06/06/18
Well no, the bottom of my class are probably starving as sol fettywap06/06/18
And I certainly didn't intend to take a shot at you...I don' jd4hire06/06/18
It's very difficult if you want to raise a family to work th flharfh06/06/18
ibrslave (Jun 6, 2018 - 12:49 pm)

The greatest con is being perpetrated against those that these institutions purport to care about: https://www.google.com/amp/s/www.cnbc.com/amp/2018/06/06/why-women-hold-the-majority-of-student-loans.html. But hey, let’s not be overly critical of these noble bastions of equality.

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fettywap (Jun 6, 2018 - 1:15 pm)

Exactly. I had to take out the same amount of student loans as the men, in order to get a job that pays less.

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jd4hire (Jun 6, 2018 - 1:49 pm)

I could be way off and my experience is limited, but of the females that graduated ahead of me in my law school class, they are killing it. Biglaw, professor at respected university, impressive plaintiff's attorney. I don't know how well each is truly doing, but I also can speak to a gentleman in the top 10 who can't be making much money at all.

At my old firm, all associates knew what each other made - women did just as well. And in fact, there was one woman who did really well due to a close friendship with a very influential partner (also female).

I certainly acknowledge that pay disparity does exist. I could be a fool, but I don't think it is as pronounced in law (at least with my colleagues - those that graduated within the last 10 years). Every place I've worked at has had female partners who seem to do very well for themselves. I've personally been managed by female partners.

Fettywap, while your statement may hold true, I would surely imagine that you don't earn the absolute lowest in your class? Indeed, you potentially earn more than a male who maybe graduated higher in your class, right?

Further, with the advent of IBR and PSLF, does it really matter (I get tax implications as to IBR).

I think articles like this that try and generalize on such a large degree miss a lot of detail.

I literally was just asked to help find a new associate at my office and my boss (a male) said "Ideally, it will be a female as I'd like to maintain gender parity." We pay well and I know lines of men who would take pay cuts to work here.

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fettywap (Jun 6, 2018 - 2:53 pm)

Well no, the bottom of my class are probably starving as solos or waiting tables. But overall, I don't think female attorneys make even 80 cents on the dollar compared to men.

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jd4hire (Jun 6, 2018 - 3:40 pm)

And I certainly didn't intend to take a shot at you...I don't have near enough information to even make opinions as to the ratio that women make as to men. I think that statistic would need to be limited to a specific employer, not the legal industry as a whole. We have a bimodal income model.

If you are 3 years out and work at Dewey and Dewey and make 100k, but a male who has been there 3 years out, bills the same, has the same level of work product etc. and makes 120k, that's bogus.

If you expand that to include Dewey and Dewey and Skadden, the people at Dewey will clearly make less.

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flharfh (Jun 6, 2018 - 2:17 pm)

It's very difficult if you want to raise a family to work the 60+ high stress hours a week that are commonly required of partners at private firms. So I think women gravitate towards government, non-profit, and in-house work, which pays less but provides a much better work-life balance.

Also, and this correlates with the above, but women work fewer hours on average and are more likely to work only part time or to drop out of the workforce entirely to raise children, which obviously effects how fast they can repay their loans.

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