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Pls Hndle Thx: Finish What Ya Started

Ed. note: Have a question for next week? Send it in to advice@abovethelaw.com.

pls hndle copy 2.jpgATL -

I have a serious question. I’m a 1L at a top 20 law school and I’ve taken out student loans to put myself through. This summer I’m volunteering in my school’s public service clinic and usually only the top people at my school get jobs with big firms from OCI, while the rest of us have to scavenger to find work. I’m thinking about quitting school after this year and cutting my losses because it appears increasingly unlikely that I’ll be able to find work when I graduate that will pay off my loans. Good idea or no?

Quitting Time

Dear Quitting Time,

Well, my first question is, why did you initially apply to law school? If you thought that a J.D. would automatically translate into a job at a firm where you would toil away for 8-10 years, become a partner and then spend the remainder of your days diving into a money vault filled with gold coins, think again. These days, jobs at law firms are about as safe as a celebrity on a ski slope, which is to say, not very. So if you’re in it purely for God, gold and glory, you may want to consider leaving.

However, many people fork over the J.D. tuition because they genuinely enjoy learning about the law. Your J.D. may not convert into more money now, but people with higher degrees still tend to earn more (when they’re employed, of course), and are qualified to perform a broader range of professions. Whether any of those professions would allow you to repay your loans in this lifetime depends on the career you pursue and/or President Obama reading ATL and canceling student debt.

Plus, it’s not like if you quit law school today, there’s some secret repository of amazing jobs just waiting to be snatched up. There is little work to be had in any profession, so why not work toward a degree while the country weathers this storm. I’m not a practicing lawyer anymore, but I found my law school experience to be invaluable socially as well as professionally - sincerely! My J.D. has qualified me to provide dubious advice on a niche website, and if that isn’t living the dream, I don’t know what is.

Your friend,

Marin

Elie insinuates that he once lived a models and bottles lifestyle, after the jump.

As the toilet in Amityville (my home town) Horror might say: “Get, Out!”

It seems to me that if you really “loved the law” — or some such nonsense — you wouldn’t be asking this question. Therefore, I must assume that you are in law school because you A) wanted to make money, or B) couldn’t think of anything better to do.

Let’s also assume you can count and so you already know that “making money” isn’t really happening for lawyers right now. The fact that you say you go to a top-20 (not a T-14) suggests that there are even more odds stacked against your dream of bottles and models. Unless you finish near the very top of your class (in an environment where all the other students can also read the tea leaves) next fall’s recruiting isn’t going to be great.

So, it seems to me that the only reason you’d be asking this question is that you still can’t figure out something better to do with your life other than having a job that you are not that into that doesn’t pay all that much (once you factor in debt). Well, that’s what the Athenians used to call “a lack of imagination only appropriate for a soldier.” (The Spartans used to call it “a lack of courage,” but you couldn’t make out the words over the sound of them breaking your bones.)

For God’s sake, get out now! Get out while you still can. Get out before you treble your debt, lose your youthful curiosity, and cosign yourself to a profession that clearly already bores you.

Take it from a black person, you know, a guy who survives horror movies. When the toilet starts talking to you, it’s time to get the hell out of the house.

— The House

The bad news is that you’ve already sunk money into a degree, so if you quit now, you’ll be $40K+ in the hole with absolutely nothing to show for it except a gap year on your resume and a fumbling explanation at interviews. I hope pray am confident that this economic Armageddon will end at some point, and when that happens you may be glad that you have a J.D. to show for it. Who knows, maybe when all this is over, firms will go back to their Tammany Hall ways of pay-for-seniority, swag bonuses and guaranteed employment. A law student can dream, can’t he?

Update: If Roxana can strike back, I guess that means that I can, too. If you click through on the “celebrity on the slopes” link, you’ll see it’s an article about celebrities who have had terrible skiing accidents: Natasha Richardson, Sonny Bono, Michael Kennedy, Peter Gabriel and Arnold Schwarzenegger, to name a few. My point was only that the slopes (and private jets for that matter) are apparently not safe for celebrities.

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