Law School

[shiframeir]

I'm gonna try and keep this pareve because of the vicious, uncalled for, PMs i received over the weekend from an individual here who hasnt even taken the bar exam.

dang, that dude should be banned now (esp before he can sue dan). srsly, open friendly debate is one thing, pms in argument is kinda silly, and vicious pms is sideshowbobish maniacal. hvaces42, hope u learn that some lawyers are just plain crazy, and u should never state a dissenting opinion.

[hvaces42]

dang, that dude should be banned now (esp before he can sue dan). srsly, open friendly debate is one thing, pms in argument is kinda silly, and vicious pms is sideshowbobish maniacal. hvaces42, hope u learn that some lawyers are just plain crazy, and u should never state a dissenting opinion.

I believe in free speech. No banning. Hope he ends up running up and down the aisles at Javits Center in middle of the exam yelling "I'm a covenant and I'm running with the land."

[AJK]

Kudos to you for winning the lottery and I hope it works out for you and you dont end up as Counsel or unemployed after year 7, 8 or 9.

Why can't they at that point open up their own shop and make triple, having learned the ropes on someone else's dime? Seems pretty compelling to me.

[hvaces42]

Why can't they at that point open up their own shop and make triple, having learned the ropes on someone else's dime? Seems pretty compelling to me.

youre starting from scratch, usually. If you havent made partner your business generating skills are usually lackluster. So youre not making triple and you may be set in biglaw culture that is hard to shake after that much time. I worked as para in big law firm. Its a shock when you dont have the resources you had at big law.

[churnbabychurn]

Just some anecdotal info. I know of a couple of guys locally who graduated from mediocre schools, and are doing very well on their own doing local real estate and small business contracts.
I don't know how much they are actually earning, but they are busy all day and have little overhead.
So it's definitely a possibility.

[hvaces42]

Just some anecdotal info. I know of a couple of guys locally who graduated from mediocre schools, and are doing very well on their own doing local real estate and small business contracts.
I don't know how much they are actually earning, but they are busy all day and have little overhead.
So it's definitely a possibility.

Exactly my point. However, to spend years at big law and then to have to transition to solo or small firm is difficult. This thread has sounded like Big Law or bust.

[henche]

Exactly my point. However, to spend years at big law and then to have to transition to solo or small firm is difficult. This thread has sounded like Big Law or bust.

Yeah, I'm not buying that the difficult part of starting your own practice is the transition from biglaw.

[hvaces42]

Yeah, I'm not buying that the difficult part of starting your own practice is the transition from biglaw.

The difficult parts IME are letting go of the culture and the generation of business. I have friends who have done it and its taken their last big law bonus and a 3-4 years to get ramped up.

[Ergel]

One of my kids is in a school that has expanded and opened a branch in lakewood and another branch locally. So that tells me its a decent business model.

Are all chareidi yeshivos privately owned? Most of the places i know are not owned privately.
And yes, I see a major value in paying full tuition and proud that I haven't had to ask for a break yet.

[Ergel]

So lets get ancedotal. My dentist, my endodontist, my periodontist, my kids pediatric dentist (closed to new patients), my kids orthodontist and his partner my neighbors brother in law who is a pediatric dentist (closed to new patients), all of them separate people, make 500k and above. So it may be ancedotal but every one that i know except my friend who works in a public health clinic as a dentist making "only" 200k is making above the average in Brooklyn.

How do you know what all your friends dentists make? Is that something you talk about regularly with your friends?
Also, as was previously mentioned, this is the height of selection bias. You are successful, you hob nob with successful people and frequent successful dentists. Is that surprising?

[hvaces42]

Are all chareidi yeshivos privately owned? Most of the places i know are not owned privately.
And yes, I see a major value in paying full tuition and proud that I haven't had to ask for a break yet.

Other than the chasiddus affiliated ones, yes.

[Ergel]

Other than the chasiddus affiliated ones, yes.

Fascinating. I know that's not the case with modern Orthodox yeshivos, as well as most (all?) In YYZ. I guess it's an in town chareidi thing?

[churnbabychurn]

Fascinating. I know that's not the case with modern Orthodox yeshivos, as well as most (all?) In YYZ. I guess it's an in town chareidi thing?

And tuition in Lakewood is average 5k

The modox and out of townsrs are getting taken to the cleaners

[CS91]

And tuition in Lakewood is average 5k

The modox and out of townsrs are getting taken to the cleaners

Not denying that tuition at modox schools is insanely expensive, but could be caused in part by the increased overhead. I'd imagine that there is a big difference in the pay that the secular teachers are getting. Just speculation though.

[Ergel]

And tuition in Lakewood is average 5k

The modox and out of townsrs are getting taken to the cleaners

Because they hire more (and now qualified) staff and pay there teachers working wages?

[Ergel]

Other than the chasiddus affiliated ones, yes.

How do you fundraise for a privately owned entity? (Both from a legal standpoint, as well as how do you have gumption to ask someone to give you free money)

[churnbabychurn]

Because they hire more (and now qualified) staff and pay there teachers working wages?

Oh so altruistic.
I'm sure they could hire plenty of high quality Lakewood teachers and Rabbeim at a low rate

[David Smith]

Not denying that tuition at modox schools is insanely expensive, but could be caused in part by the increased overhead. I'd imagine that there is a big difference in the pay that the secular teachers are getting. Just speculation though.

More specialty staff, more extra curricular programs, and probably better pay (as they don't have a "shteller crisis" and every BY graduate having to be a teacher keeping a glut of prospective staff on the market, and higher standards of living in general).

[Ergel]

Oh so altruistic.
I'm sure they could hire of high quality Lakewood teachers and Rabbeim at a low rate

But maybe they value paying their teachers more?

[David Smith]

But maybe they value paying their teachers more?

Simple supply and demand.