$200,000 Salary for New Lawyers

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  • Опубликовано: 19 сен 2024
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Комментарии • 2 тыс.

  • @justrusty
    @justrusty 3 года назад +9277

    Reminds me of the story of the plumber who fixes a toilet at the lawyer's home, then charges him $250 for an hour's worth of work. The lawyer pays it begrudgingly and says "I'm a lawyer and I don't even make that much." To which the plumber answers "I didn't make that much when I was a lawyer either."

    • @hfar_in_the_sky
      @hfar_in_the_sky 3 года назад +657

      @@jobob47 Or an electrician. Doesn't matter if there's a recession, people need their appliances fixed. Heck, from what I heard there was MORE work for plumbers and electricians during the recession.

    • @thomashajicek2747
      @thomashajicek2747 3 года назад +307

      @@jobob47 not me, literal shit work. And you only make close to that if you own the business and doesn’t include materials, travel to and from site, overhead costs like equipment, insurance, and so on.
      I always cringe at the costs from home maintenance professionals, but understand it. And because of it I try to do as much myself as possible. In this Information Age there’s a lot that can be learned and done yourself if the tome and effort is worth the savings.

    • @PhilosophyofElivagar
      @PhilosophyofElivagar 3 года назад +105

      @@thomashajicek2747 I'm friends with my old driving instructor who makes £38 per hour for lessons; definitely the way to go imo, especially here in rural Scotland where there's competition of about two other guys lol

    • @ethelredhardrede1838
      @ethelredhardrede1838 3 года назад +47

      @@jobob47
      " bmw mechanic.
      I am told that you need a degree in mechanical engineering for that these days. Which is not sane as they don't use that year spent on differential equations.

    • @sigmasquadleader
      @sigmasquadleader 3 года назад +46

      Couldn't pay me enough to have me spend all day in the same car as new drivers.

  • @randalthor741
    @randalthor741 3 года назад +2789

    Hard work, long hours, NYC expenses, and law school debt to pay. Still a damn good salary, but not as amazing as it seems at first glance.

    • @immortalasirpa8117
      @immortalasirpa8117 3 года назад +40

      Rent control might help if you're lucky, but that is not a comfortable salary in NYC unless you really enjoy communal living and lots of interesting roommates

    • @tiskahar9738
      @tiskahar9738 3 года назад +225

      I worked at a 4 star restaurant in NYC. 60 hour weeks, NYC expenses and Culinary school debt to pay (not as cheap as you might think). The pay? $10/hr.
      Anyone saying that this is not an amazing salary has no perspective.

    • @Trugdorf
      @Trugdorf 3 года назад +105

      @@tiskahar9738 how did you live off 10/hr in NY? I'd struggle to pay for most towns in Oregon on that wage.

    • @robertbaker4917
      @robertbaker4917 3 года назад +97

      It is amazing to make enough to pay all your bills, live a comfortable lifestyle, and save for the future. Anyone making 200k anywhere in this country will have zero problems doing any of the above. It is, absolutely, as amazing as it seems.

    • @KleMih
      @KleMih 3 года назад +40

      Im not claiming i know much about NY style of living and obviously this is probably? before tax... you still take home lets say 50% of earnings after tax... and that is still ~100k/year or bit more then 8k/month... if you cant live on that budget as a ~20 years old something freshmen just out of school.... then i dont know... or well... maybe i do! dont try to rent penthouse in manhattan.

  • @adamquigley2184
    @adamquigley2184 3 года назад +1810

    Becoming a lawyer to get rich is like becoming an actor to get rich. Most of us don't make anywhere near that amount. Entry level salaries outside the big firms (at least in Chicago) hover around $60,000 a year in the private sector.

    • @mareezy
      @mareezy 3 года назад +30

      Dang that sucks. They should've become a doctor then

    • @christiandaniels8045
      @christiandaniels8045 3 года назад +73

      Thats still pretty decent. No where near 200k though. Especially if you live in Chicago

    • @JL-ol8zg
      @JL-ol8zg 3 года назад +60

      Highly dependant on location. Where I live it's closer to 90k, but point taken.

    • @if7723
      @if7723 3 года назад +32

      And no one here is posting actual bad wages.

    • @adamquigley2184
      @adamquigley2184 3 года назад +50

      It’ll also vary on firm size, practice areas, etc. I’ve seen as low as $30,000 (not a typo) to join a solo and up to $100,000 for a 20+ attorney PI firm. After a year or two there’s usually a decent raise, but fresh out of law school at not-BigLaw is tough to crack six figures.

  • @Stormcastle
    @Stormcastle 3 года назад +785

    I remember a quote - but can't remember the attribution: "Practicing law is like winning a pie eating contest - but the award is more pie."

    • @gushardy4283
      @gushardy4283 3 года назад +9

      Andrew Yang, I believe

    • @alexhernandez6538
      @alexhernandez6538 2 года назад +2

      *reward...

    • @Mika-85
      @Mika-85 7 месяцев назад

      If you live Outside of NY you will have cheap living Costa but you'll still make the 200k or 300k

    • @wallabyj
      @wallabyj 3 месяца назад +2

      @@Mika-85 Good luck, there's no reasonable commute to NYC where cost of living isn't also very high. The population of NYC during the evening is 8 million, the population of NYC during the day, is 18 million.

  • @adriankerrison
    @adriankerrison 3 года назад +280

    In the time I spent calculating this rate vs minimum wage and getting mad, Jeff Bezos made $456,621 and didn't pay tax on it.

    • @htsadboi2763
      @htsadboi2763 7 месяцев назад +11

      God bless America 😅

    • @tw8464
      @tw8464 6 месяцев назад

      Exactly and Amazon and other "trickle down" is trying to get the National Labor Board FALSELY "unconstitutional."

    • @tehClew
      @tehClew 6 месяцев назад +12

      Minimum wage is there for people with no education, no talent, no experience. Crying about a lawyer getting paid is crazy.

    • @youtuber7186
      @youtuber7186 6 месяцев назад

      ​@@tehClewYour bootlicking ass couldn't exist without the billions of people doing those jobs though, so be appreciative

    • @agxryt
      @agxryt 6 месяцев назад

      ​​@@tehClewso basically you're saying teenagers. Except thousands of grown ass people with good work ethic and experience still get paid minimum wage.
      Minimum wage isn't "there" for anything. It's a bare minimum that greedy people are forced to pay their employees. It's not "designed" to show people's worth - that's just something shitty people like you associate with it

  • @grizzlyWhere
    @grizzlyWhere 3 года назад +2360

    60 hours would be a dream for all the NYC lawyers I know. The reality is that they probably all work closer to 90 hours.

    • @y2kblackout
      @y2kblackout 3 года назад +362

      60 BILLABLE HOURS. Actual hours worked will be higher.

    • @bearswithglasses
      @bearswithglasses 3 года назад +73

      I'd take that amount of pay for working 120 hours and getting paid for 20. Welcome to being an educator.

    • @ghillies4life
      @ghillies4life 3 года назад +187

      @@bearswithglasses Teachers don't work 120 hours a week.

    • @supe4701
      @supe4701 3 года назад +90

      @@ghillies4life you forgot all the stuff they got to work on after school hours

    • @y2kblackout
      @y2kblackout 3 года назад +171

      @@supe4701 No, teachers don't work the equivalent of five 24 hour days.

  • @grambottle033
    @grambottle033 3 года назад +1233

    "... and I'm sure we'll see many of these people, in court!"

    • @Barracius
      @Barracius 3 года назад +16

      I was thinking "and they are going to spend a lot of time, in court" but yours works just as well.

    • @elizabethhenning778
      @elizabethhenning778 3 года назад +12

      The whole point of corporate law is to avoid court. So maybe not.

    • @michaelfrankel8082
      @michaelfrankel8082 3 года назад +1

      @@Barracius OVERRULED: His is wittier.

    • @jedinxf7
      @jedinxf7 3 года назад +1

      actually, you'll see a tiny portion of them in court lol. less than half of biglaw associates are litigators, and only a small share of those litigators will ever do anything that requires entering a courtroom... except maybe taking the oath for bar admission.

    • @grambottle033
      @grambottle033 3 года назад +2

      Yes, fun police, corporate law has a lot of its lawyers not in litigation but they still have full litigation departments. Heck, right now the second news post on Millbank Tweed's site is about a verdict obtained in court, not much further down is news about an addition to their litigation department.
      Many =/= most.
      And we'll at least see several of them, in court!

  • @aceofaces0007
    @aceofaces0007 3 года назад +280

    As a NY lawyer for the past 6 years now who is drowning in law school debt because I only make a third of that “entry level” salary, I am legitimately outraged.

    • @FlatlandsSurvivor
      @FlatlandsSurvivor 3 года назад +36

      Sounds like time to see if a firm will offer you that.

    • @Smokey63
      @Smokey63 3 года назад +90

      Well, keep in mind that he’s talking about the big law firms here. Those guys pay big bucks to get first dibs on the best of the best “entry level” lawyers- graduates from places like Harvard, Princeton, Yale, etc. They don’t hire just anyone for those salaries

    • @AlexusMaximusDE
      @AlexusMaximusDE 3 года назад +20

      @@Smokey63 Or in other words: @Aceofaces0007, have you considered being a better lawyer so you can get hired by better law firms?

    • @pvic6959
      @pvic6959 3 года назад +8

      @@Smokey63 exactly. kind of how amazon and google will pay new grads really well + bonus + benefits for the top of the top

    • @aceofaces0007
      @aceofaces0007 3 года назад +31

      @@Smokey63 Funny thing is that you could go to the best schools and still be just as uninformed about how to actually practice law. As LegalEagle mentioned in past videos about law school, you don’t actually learn how to practice law in law school. It’s all theory. Simply going to Harvard or Yale does not make someone the “best” entry level attorney when they’re just as inexperienced as any other graduate.

  • @joermnyc
    @joermnyc 3 года назад +248

    They aren’t “giving” you $200k, you have to EARN it by being the low man/woman on the totem pole at a massive firm that will do it’s best to put your nose to the grindstone. To those willing to take that on, I wish you the best luck.

    • @brycedaugherty9211
      @brycedaugherty9211 3 года назад +11

      But a 5th year gets 100k more and isn't a grunt anymore. That's respectable. Also you have to work your butt off pretty much anywhere with a decent salary. Not sure why lawyer would be different

    • @ViolosD2I
      @ViolosD2I 3 года назад +9

      Depends on what you call "decent".
      I'll take making enough to live a good life in one of the top rated cities in the world, doing 40h-ish hours on my own schedule in a dream job over that grind any day.

    • @brycedaugherty9211
      @brycedaugherty9211 3 года назад +4

      @@ViolosD2I if everyone could get a dream job easily, it wouldn't be a dream job. Practicality must be applied.

    • @ViolosD2I
      @ViolosD2I 3 года назад +5

      @@brycedaugherty9211 That's not what I said.
      But if they have to pay people such sums to do it, chances are it's not one.

    • @someonespadre
      @someonespadre 3 года назад +4

      We have quarter million dollar Fire Captains but that is 60 base plus overtime. They have to work all summer to get that, no days off, can’t have a cold beer.

  • @GalacticPossum
    @GalacticPossum 3 года назад +89

    People in NYC work 60-80 weeks for minimum wage all the time. So, yes, 200-300k is a shitton of money.

    • @agxryt
      @agxryt 6 месяцев назад +1

      Yeah, he's talking about it like being a lawyer ISN'T a good deal.

    • @janitorizamped
      @janitorizamped 6 месяцев назад +7

      ​@@agxrythow is he talking about it like that?

    • @MartinFinnerup
      @MartinFinnerup 6 месяцев назад +10

      I find it wild that this is the status quo in one of the wealthiest countries on Earth.
      I work 37 hours a week, mostly from home, have no specialty education, and I still make more than most Americans. AND I have the usual benefits on top of that, as well as more PTO.
      I'm not trying to brag, I just find the disparity crazy.

    • @Deathzwei
      @Deathzwei 6 месяцев назад +3

      You don’t need to go to law school to work minimum wage.

    • @mikevignola4213
      @mikevignola4213 6 дней назад

      As someone who lives in NYC, since you can get anywhere via mass transit within about an hour. There are cheaper housing, but generally it's cost versus how long you're willing to commute.
      Everything isn't a midtown penthouse studio guys.

  • @harktischris
    @harktischris 3 года назад +83

    Yes, NYC is expensive, but not so expensive that 200k is not an incredibly nice pay. The median individual income in 2019 for *manhattan* (which is richer than the other boroughs) is only 51k. So saying "but NYC is expensive" is kind of a weird angle.
    Yes, lawyers work hard, 60 hours a week is a lot, but plenty of people work just as much for way less pay--my mother was a nurse and worked plenty of overtime and never brought in that kind of money. So saying "but they work hard" is also kind of a weird angle.
    200k is a nice pay, full stop.
    edit: I live in the bay area and work in tech, and I will never not get annoyed at ppl here trying to do the same thing with tech salaries. Some people just have no idea how good they have it compared to the actual "typical" person even within their own rich city.

    • @pudgeboyardee32
      @pudgeboyardee32 3 года назад +19

      Thank you. I regularly put in the same 60 to 90 hours in a machine shop with no ac or heat. My hands bleed most days and my car is junk. But these people, theyre the real victims. Living in, arguably, the planets captial and starting near the top of the food chain is somehow a burden.
      The older i get the more my position against forced labor camps for the wealthy weakens. They desperately need a reality check and none of them are gonna give it to themselves. We need a program that gives people like that some perspective. Because the golden flecked tears have got to stop before the whole planet goes full robespierre on privileged whiners

    • @Cj-xt6tv
      @Cj-xt6tv 3 года назад +8

      Yeah I kinda grimaced when he kept downplaying how good that pay is

    • @Otzkar
      @Otzkar 3 года назад +7

      Damn you guys gotta move to a social democracy where you're being exploited less

    • @katiephillips9969
      @katiephillips9969 3 года назад +3

      58k and below in NYC is considered low income, i.e. poverty - just because the median is 51k doesn't mean it's good

    • @harktischris
      @harktischris 3 года назад +1

      @@katiephillips9969 this is funging two different statistical measures. 58k is not poverty, it's 80% of HUD's finding of area median income based on household size (e.g. low income, which is not great, but not poverty, and the study area is not the same as "manhattan"). median individual income is also just all individual income and the median of that, without accounting for families or household size. a two income-family earning 51k would be well above the HUD limits for a two person household. they're not directly comparable, or else you're concluding that the vast majority of manhattanites is low-income, which is statistically not possible.

  • @rambam23
    @rambam23 3 года назад +323

    In a few years I’ll be working 80 hours a week (only not doing more because of legal restrictions) and making about 59k… residency is a crock.

    • @jhulten
      @jhulten 3 года назад +70

      I am convinced that residency hours are hazing. Especially from a group that knows the importance of sleep.

    • @kevina.2269
      @kevina.2269 3 года назад +6

      See you in residency 😂

    • @Carahan
      @Carahan 3 года назад +59

      @@jhulten They are. Residency hours are insane because the person who invented the residency system was a cocaine fiend of a doctor who regularly worked 80+ hours a week because of the cocaine effects. He dropped dead before the age of 50 from a heart attack.

    • @mascot4950
      @mascot4950 3 года назад +4

      No worries, it's not like you'd have any time left over to spend the money anyways, so it's all the same.

    • @kevina.2269
      @kevina.2269 3 года назад +15

      @@Carahan He died at 69 but yes he was a coke and morphine addict

  • @aaronlawrence6350
    @aaronlawrence6350 3 года назад +361

    I just graduated from law school and got word of my raise, before I even started working

    • @kevina.2269
      @kevina.2269 3 года назад +5

      You're in NY ?

    • @ITpanda
      @ITpanda 3 года назад +4

      Cool beans! Good for you.

    • @fsuberca
      @fsuberca 3 года назад +56

      I got fired before starting

    • @kevina.2269
      @kevina.2269 3 года назад +31

      @@fsuberca 😂😂 wtf did you do ?

    • @tuvoca825
      @tuvoca825 3 года назад +4

      Pay off your debt if you are lucky enough to be able to.
      Government forgiveness on loans that have it take 25 years.
      Because they really like to cosign and then wait until the interest is piled on, before they pay. If they pay. Remember, even when they are required to pay because of defrauded students, they still fight it in court and take forever, etc.
      Don't trust them, and you'll be okay.

  • @NoriMori1992
    @NoriMori1992 3 года назад +58

    God, I love how much "Cravath" and "Milbank Tweed" sound like pretentious, fancy law firm names that you'd only hear in a movie.

    • @deusexaethera
      @deusexaethera 3 года назад +11

      That's probably because movies choose names for fictitious law firms that emulate the names of real law firms.
      In the small town where I grew up, there was a personal injury law firm called Hurt & Profitt, I kid you not. Everyone used to joke that their slogan was "You get hurt, we get profit!"
      Also, the dental surgeon who pulled my wisdom teeth was named Dr. Pinch. Now that I think about it, do all small towns have hilariously-named small businesses, or was my small town special?

    • @jewii3824
      @jewii3824 10 дней назад

      Most law firms are named after the last names of the founding partners. There're actually ethical rules when it comes to naming law firms.

  • @scottroberts3158
    @scottroberts3158 3 года назад +46

    Lawyer "god i'm working such long hours 60 hours a week is killing me"
    Constructions workers "I only have to work 60 hours this week, does that mean I'm getting saturday off?"

    • @jedinxf7
      @jedinxf7 3 года назад +11

      I don't know anyone in biglaw only working 60 hours a week. that's a fairly light week for me and I am not very busy compared to my colleagues in other departments.

    • @jedinxf7
      @jedinxf7 3 года назад +5

      I think 70-80 is more typical. but at severely busy times, (e.g. around a closing) it could easily be 110 or 120. and sudden all-nighters for an overnight deadline created without warning happen all the time. and people are constantly on call and expected to be responsive to email - 2 hours before business hours, 7 hours after business hours, whatever. it's a culture of 24/7 accessibility to partners who are offering 24/7 accessibility to clients.
      so the hours per week don't really tell the story about why this life is stressful and exhausting.
      I've been blessed to be insulated from a lot of tjis because of my niche practice area. but I see the toll it takes on my colleagues. not sure i would be able to last 5 years in their shoes.

    • @gilgreen946
      @gilgreen946 3 года назад +1

      Lol, I remember my first part-time job

    • @rpavlich
      @rpavlich 10 месяцев назад

      I look back fondly on my steel construction days

  • @pete9490
    @pete9490 3 года назад +213

    I chose the wrong profession.. I say, as if I could ever manage a 60 hour work week

    • @sessmurda
      @sessmurda 3 года назад +15

      I did 70+ during my postdoc with starting a company at the same time. Its tough, but if you love the subject and are working for yourself (not the case here), I'd say it is a lot better than 40hr/week job you hate.

    • @logirex
      @logirex 3 года назад +3

      often 70-80 hours even.

    • @robertlowe1454
      @robertlowe1454 3 года назад

      @@logirex 😲

    • @VerenicruzX
      @VerenicruzX 3 года назад +7

      Lol i work in an un air-conditioned factory and do 65 hour weeks

    • @miggydoms
      @miggydoms 3 года назад +6

      For 200k? Id feel like that would motivate you

  • @whoahanant
    @whoahanant 3 года назад +58

    Feels bad when they came out with that new study about how 50 hours a week is going to give you some serious health damage.

    • @matthewkoch6937
      @matthewkoch6937 3 года назад +1

      50 hours a week is reasonable, that's around an 8-hour day. Unless you're charging insanely highly rates, working part-time isn't going to keep the lights on and food on the table.

    • @greenyawgmoth
      @greenyawgmoth 3 года назад +36

      @@matthewkoch6937 Punch 8 hours times 5 days into a calculator real quick and see what it says.

    • @whoahanant
      @whoahanant 3 года назад +19

      @@matthewkoch6937 the whole point of these studies are to show why it's completely unreasonable. When you need to keep food on the table in trade with yours and others health that's not reasonable.

    • @jimparker880
      @jimparker880 3 года назад +7

      It’s not “working” 50 hours, its “billing” 50. It usually takes at least 80 to bill 50.

    • @Thuazabi
      @Thuazabi 3 года назад +14

      @@matthewkoch6937 I've never seen someone fail so spectacularly in so many different areas of knowledge and reasoning in just two sentences. At this point, I'm amazed there are no spelling errors in that garbage you wrote.

  • @LawrenciumLr103
    @LawrenciumLr103 3 года назад +37

    Still worth it! I've worked blue-collar, physically-intensive jobs for 60 hour weeks for $40k

    • @iamagi
      @iamagi 3 года назад +4

      Remember this is the top 0.1%.

    • @DCVM93
      @DCVM93 3 года назад +4

      At least we still have our health! Oh wait...

    • @ugh.idontwanna
      @ugh.idontwanna 3 года назад +3

      Unionised workfore: 👀

  • @boostaddict_
    @boostaddict_ 3 года назад +12

    I work 60 hours a week most weeks doing physical labour, I'd gladly take like 6x the pay for a desk job lol.

    • @loganfrancel9275
      @loganfrancel9275 3 года назад +1

      I work 70 hours a week and this would be 56 times what I make... wtf

    • @boostaddict_
      @boostaddict_ 3 года назад

      @@loganfrancel9275 minimum wage here is higher, and I get paid above minimum wage

    • @eileen_a_b
      @eileen_a_b 8 дней назад

      This is exactly what I came to the comment section for. What exactly does he think the janitors, cleaners, dishwashers, etc. are getting paid, and how many hours does he suppose they work just to live paycheck to paycheck. You won't see me shedding a tear for a lawyer making $200,000 and living in a fancy home with a fancy car.

  • @flintpatterson3876
    @flintpatterson3876 3 года назад

    Objections: (1) Milbank is no longer Milbank Tweed, it's just Milbank LLP; (2) most of the firms that are giving raises are going to 202,500 or 205,000 (e.g., Davis Polk; Paul, Weiss; and Cravath) (I know you said "or more", but pretty much just one firm wasn't or more); and (3) I am not sure you're right on the billable hours front. Yes, BigLaw NY bills insane hours. But the raise is in response to max exoduses from NY over having to bill that many hours, so I do not expect billable hours targets to rise. This is more of a retention strategy without much of any expectation of more work. Moreover, contrary to popular belief, a lot of the firms that gave raises don't have billable hour targets.
    Sincerely,
    A Tentatively Happy BigLaw Associate

  • @theintern2960
    @theintern2960 3 года назад +56

    Which brings up that benchmark case of Passion v. Profit, where everyone weighs in on whether the client is pursuing a legal career out of an honest desire to do good in the legal system, an ideology that is often dismissed as naive or incredulous, or they're pursuing it for the salary attached to said career regardless of the ethical or potentially legal ramifications that pursuit implies.

    • @limerence8365
      @limerence8365 3 года назад +2

      In school there was a guy I hated cuz he was such an asshole. Final year he says he wants to be a doctor. He admitted the only reason he wants it is for the money. He would have made a better lawyer than doctor. He's studying to become a surgeon now. He's going to make a terrible doctor.

    • @thetruegoldenknight
      @thetruegoldenknight 3 года назад +1

      Problem is, Profit wins EVERY TIME! In the grim darkness of the present...

    • @austinhernandez2716
      @austinhernandez2716 2 года назад

      @@thetruegoldenknight only under capitalism

    • @eagrun11
      @eagrun11 2 года назад

      @@limerence8365 maybe or maybe he will be a brilliant electrician for the brain as a neurosurgeon. Honestly the only Dr I care about liking is my PCP, nurse and pharmacy tech. Everyone else i simply care if they are good.

    • @9770G
      @9770G Год назад

      For most of them it’s the later. Idk many lawyers who are very happy people, regardless of what they make. They all seem pretty miserable.

  • @kylefinnegan4608
    @kylefinnegan4608 3 года назад +179

    "Work 60 hours a week". As a teacher "What have I done to myself".

    • @Safinitzine
      @Safinitzine 3 года назад +26

      We're "not in it for the money", right? ¬¬

    • @marywhalen364
      @marywhalen364 3 года назад +9

      My reaction, too. See comment above. No wonder we lose half of new teachers.

    • @marywhalen364
      @marywhalen364 3 года назад +4

      @@Safinitzine ha, ha, ha. Be like freedom writers and work 3 jobs to take your students on a trip.

    • @Safinitzine
      @Safinitzine 3 года назад +13

      @@marywhalen364 Pretty much. I have to buy my pens, the spare paper in case they forget their books and lunches for the poorest students when we do anything outside of school. But I live in London, not NYC so I guess I'm lucky, right ^^'

    • @thoddiver
      @thoddiver 3 года назад +2

      **** yes this sums it up 100%.

  • @flawlix
    @flawlix 3 года назад +48

    All the people saying this is “worth it” have not worked for a Biglaw firm. There’s a reason attorneys have high rates of substance abuse, depression, anxiety, and suicide compared to most other professions and the general population. Those “60 hour” weeks are an average. It’s more like a handful of 50 hour weeks, followed by bursts of 80-100 hour weeks, with an unpredictable work schedule so that many of your billable hours take place outside of business hours (and no, you can’t be offline/out of office during business hours just because you know most of your work will come in after 4 pm). And you’re on call 24/7, even while on holidays, vacation, and, for at least two associates I know, literally while giving birth.
    They’re only tossing this much money at associates now because burnout and turnover have skyrocketed over the past year. Lots of Biglaw firms are having trouble retaining associates and hiring replacements. The new salary scale is kind of like a shitty boyfriend buying a bunch of expensive presents for his girlfriend because she told him she’s dumping him.
    Biglaw frequently makes me miss my retail job.

    • @kevina.2269
      @kevina.2269 3 года назад +8

      Lots of others have back breaking, degrading jobs working 60-100 hour weeks for less than a 3rd of $200,000.
      I'm a pre-med on the clock for 75 to 99 hours a week. Working as a Nursing Assistant (cleaning poop, pee blood etc) making $58,512 per year.
      I'm one of the lucky ones in this field getting paid this well and that chose to do the job to get the experience and clinical hours instead of needing it to feed my family.

    • @PhiltheMoko
      @PhiltheMoko 3 года назад +4

      Working as a chef in London 10 years ago 60 to 80 hour weeks standard, £17,000 annually

    • @boooster101
      @boooster101 3 года назад +6

      I just love when lawyers, actors or brokers justify six or even seven digit salaries with basically 'lots of stress'
      Completely spitting on people who have just as much stress but instead of a comfortable pillow of money, they have to live paycheck to paycheck.
      And yes, many of them aren't just lazy or didn't try hard enough but were dealt a really awful hand in their life.

    • @jedinxf7
      @jedinxf7 3 года назад +2

      @@boooster101 and I love when people think anyone has to "justify" their salary.
      associates are paid 200K-400K or so per year because they generate 1M-3M of revenue per year,.and because they need to be replaced frequently. the only people who get to decide what your time is "worth" are you, and the person purchasing your time.
      if my bosses wasn't getting a lot more out of me than the few hundred K they're paying me, I would be on the job market, or at this moment, I'd be asleep, rather than in a cab home from a 14+ hour workday. but my salary isn't justified by the workday. it's justified because it was offered and accepted, and both parties are happy with the arrangement. I'd " deserve" the same amount if I were unhappy, or if I were happier, or if I was a more productive employee, or a less productive employee but above the relevant profitability threshold. which is to say, no one deserves anything. the economy isn't a series of moral judgments. it's nothing more or less than purchasing power being exercised in what parties see as their best interests.
      I don't care if Chris Hemsworth has a harder job than me. I know for a fact he produces more value for the people who hire him than I do for the people who hired me. that's all the justification anyone needs.

    • @boooster101
      @boooster101 3 года назад +1

      @@jedinxf7 but you realize that there is often a circular logic?
      Example:
      Developers of gaming studio gearbox complained that they are underpaid and overworked (arguably they are 'creating' the value), meanwhile the CEO was accused of taking a secret 12m$ bonus.
      Situations like these make a mockery of the generated revenue argument because of the distortion and artificially marked up prices.
      Example;
      The best known plumbing company in Town A always justifies their prices with their quality and services. Their Ceo takes 500k$ in revenue.
      Then it turns out that they just pay minimum wage but also hired undocumented workers.
      So did the CEO generate that revenue? Is his salary justified?
      And no, the free market doesn't always regulate itself!

  • @Warm_Ice0
    @Warm_Ice0 3 года назад +8

    That law firm be like
    Trade offer: You get 200k, I get your soul

  • @eschwarz1003
    @eschwarz1003 3 года назад +1

    Medical doctors: "um, yeah, lightweights"

  • @Meuszman
    @Meuszman 3 года назад +71

    Aren't you gonna see me in court? :(

    • @extantsanity
      @extantsanity 3 года назад +10

      Probably not, because those entry level hours are spent doing research and administrative paperwork in a quiet back room.

    • @ebecky4275
      @ebecky4275 3 года назад

      @@extantsanity yeah.

  • @jeremychoo934
    @jeremychoo934 3 года назад +20

    Billing can mean a lot of things. Like recording the amount of time spent working on a matter and/or charging the client the actual amount of time recorded and/or ultimately getting paid by the client for the dollars stated in the bill. Those three things are never always the same thing. If your target hours are tied to your collections, good luck on seeing those 200K.

    • @jeremychoo934
      @jeremychoo934 3 года назад

      @@valerierodger7700 if you need to travel on client business, it’s easy to bill hours because travel time counts. Even if you’re doing nothing more than just sitting in a business class seat and sipping Dom Perignon.

  • @ace90210ace
    @ace90210ace 3 года назад +72

    i know people who work 60 hour weeks and would kill for half that money even if living in new york lol

    • @TheGRAclan
      @TheGRAclan 3 года назад +1

      And did they do 5 years of law school?

    • @sep.s
      @sep.s 3 года назад +5

      I’m pretty sure teachers work more than 60 hours a lot of them have a post graduate qualification.

    • @mareezy
      @mareezy 3 года назад +1

      Tell them to go to law school. This is a free country, nobody is stopping them🤣

    • @if7723
      @if7723 3 года назад +3

      @@sep.s yes, I would like a follow up to this, why is teaching lawyers worth less then half (if generous, more realistically 1/4) of their pay

    • @philliptanton5652
      @philliptanton5652 3 года назад +4

      @@if7723These lawyers are going to be the best grads from the most ivy of schools. So probably not a fair comparison

  • @Ansible1000
    @Ansible1000 3 года назад +59

    Teacher here, fundamental part of society. I would like a quarter of what that lawyer is having.

    • @pudgeboyardee32
      @pudgeboyardee32 3 года назад +3

      Believe nobody around here wants to hear that. You have to buy school supplies out of pocket? Well they have to buy last years mercedes so have some sympathy!
      Those are most of the arguments im seeing. Adults being asked to do a students work(researching case law and precedent) and complaining about being underpayed and over work.
      Must be some paper cut theyve given themselves.
      Thanks for all you do, no matter what level you teach i know you corral monsters all day. Monsters most often made by people like these; those affected by some early to mid stage of affluenza. Or whatever other excuse careless or disinterested parents use for their childrens school behavior.

    • @Ansible1000
      @Ansible1000 3 года назад +8

      @@pudgeboyardee32 heh, no monsters in my classroom, just kids who could use a lot more time and all the patience in the world before they have to be adults. Working AC and a full supply closet would be nice too.

    • @pudgeboyardee32
      @pudgeboyardee32 3 года назад

      @@Ansible1000 ive taught and i stand by my monster statement lol not their fault usually but some still seemed to have 3 heads or breathed fire. I taught machining so yes, supplies, supplies, supplies, and stacked nearly to my eyes please and thank you. And i wont say anything about the need for ac in shops. AC speaks for itself this time of year.
      Next time im teaching and theres a strike i think i might bring the window units to the picket line to make management live that,"we're all in this together" line they love so much.

    • @Ansible1000
      @Ansible1000 3 года назад +3

      @@pudgeboyardee32 heh, title 1 schools don’t often get machine shops, which is a shame as practical skills are so good for students to learn.
      Also, in my state Teachers are forbidden to strike or unionize by law. It goes back to wanting to avoid giving recently-freed citizens the power to collectively bargain. But now we’re not allowed to teach that.

    • @pudgeboyardee32
      @pudgeboyardee32 3 года назад

      @@Ansible1000 oof. Just all ooofs. And yeah, ive had kids that other teachers swore up and down couldnt do math. Until i bothered to teach them a form of practical geometry. Suddenly the could feel numbers and their scale instead of just seeing them on a page as static things. They had form and substance and even if it was just in their head they could manipulate those forms and the numbers that defined them. Division is simple to teach with a knife in hand, you know?

  • @flockofone9214
    @flockofone9214 21 час назад +1

    😂 60 hours a week. Physicians laughing.

  • @CrimzonRX
    @CrimzonRX 3 года назад +54

    Chefs pulling 80 hours for 60k lmao
    Oh economic disparity, you bastard, you.

    • @ripem1417
      @ripem1417 3 года назад +1

      Yes because culinary school school costs just as much as law school and chefs require the same certification to work in their field as lawyers.

    • @CrimzonRX
      @CrimzonRX 3 года назад +5

      @@ripem1417 I went to culinary school to be able to create cuisine that inspires shows like food wars and earns the restaurant a cult following, not for the purpose of paying off school loans. How much school costs is an entirely separate issue here.
      Culinary school costs the same as your general bachelors degree in regards to cost per semester, yet you only get an associates at the end of your program in the USA.
      The issue I was lamenting is the fact that we work ourselves to death and cant afford rent, not that the work we do cant buy us a third BMW to park in our mansion.

    • @notoriousgoblin83
      @notoriousgoblin83 Год назад

      ​@@ripem1417No. Chefs probably require more certification to not poison someone over someone whose job primarily consists of looking at files looking for a small loophole to sneak out of a contract

    • @ripem1417
      @ripem1417 Год назад

      @@notoriousgoblin83 you’re joking right?

    • @jazzercise300
      @jazzercise300 Год назад +1

      Would like to point out you gotta go to law school and pass the bar to be lawyer. To be a chef you just gotta shop up and lead. Culinary school is not a requirement by any means, experience is much more valuable. Everyone Ive worked with who went to culinary school was pretentious and generally didnt understand how a restaurant works they just have this bs concept of the culinary arts. Unless youre an exec (i.e. a pencil pusher) its gonna be more of a manual labor job with a heavy emphasis on logistics. Oh yea, you get to cook here and there too. People really think being a chef is way more prestigious than it really is. Maybe in a city like NYC, LA or NOLA yea but most places in America you're just a fancy construction worker if that makes sense (hot, back breaking work, thin profit margins, rampant drug and alcohol abuse)

  • @jaybuck5818
    @jaybuck5818 3 года назад +9

    $200,000 for a 60 hour week? Ever hear of farmers, construction workers, loggers, etc?

    • @contemporarymonk
      @contemporarymonk 7 месяцев назад

      Man, look at this guy. Do you see a single speck of dust? No, just like he hasn't seen a single day of manual labour...

  • @randallstewart175
    @randallstewart175 3 года назад +28

    Before folks get the wrong idea, outside NYC, DC, and part of LA, no starting associate lawyer makes anything close to those amounts. Also note that firms hire associates out of school, often paying salaries which seem larger than reasonable given the lack of experience, but the majority of those new hires are going to on the street in three years or less. Only the strongest and most productive make it to partner unless daddy owns the firm.

    • @KrisHe1
      @KrisHe1 3 года назад +2

      This whole thing is giving me very Suits feels haha! That part of Suits, I really enjoyed - seeing them work day and night, how they pride themselves on only hiring from Harvard - and ofc Harvey being tired of the exact same identical candidates all showing up to the interviews, all privileged and pretty. It's a pretty good show of how the system works. If you have the right contacts, the rights people in your family, you basically don't have to do much to land a solid gig at anything... like even in my country, like HS students trying to get part-time jobs, unless you know someone who has a higher position etc at the place you're applying, no one will even bother looking at your application. My brother just finished a bachelor in marketing and fincance, and applied for a summer job before he starts his master's, and he got the job - but the one position got split into two... because the boss of the company also applied.. so instead of picking one, they split the one position into two, so they both only work 50%, because who wants to say no to the boss' son...

    • @rhino5551212
      @rhino5551212 2 года назад

      I've seen many lawyers at the bug firms in DC chewed up and spit out for much less. Now they're contract attorneys buried in doc review in a windowless room for 12 hours a day.

    • @jamesticknor1134
      @jamesticknor1134 Год назад

      Sorry for reviving a 2 year old comment, but this isn't true. For example, Austin, Dallas, and Houston, Texas have biglaw firms that pay this amount. Lets not forget Chicago.

  • @lanceheyen645
    @lanceheyen645 3 года назад +17

    Oh no, they are going to have to live in New York and that's expensive?!? Good thing no waiters or retail workers ever have to live in New York.

    • @John-tr5hn
      @John-tr5hn 3 года назад +5

      Seriously. I get so sick of hearing upper middle-class people pretend they're normal and that every single person they meet each day makes as much as or more than they do. Yes, some of your neighbors might be rich, but the average person isn't rich. There are way more middle-class and working-class people than there are rich people. Like way way way way way more.

    • @hoi-polloi1863
      @hoi-polloi1863 Год назад

      Too bad there isn't some kind of big island near New York where people can go to get a lower cost of living.

    • @anonymoose116
      @anonymoose116 6 месяцев назад

      ​@hoi-polloi1863 if you mean Long Island, its not cheaper and there's a LOT of issues with living there. My dad lives there currently, and he's working on moving out of NY all together.

  • @DevoutSkeptic
    @DevoutSkeptic 4 дня назад +1

    Don't forget how much they owe in student loan debt.

  • @mekkio77
    @mekkio77 3 года назад +21

    Don't forget most them will still have student loan debt to pay off as well. It's a great paycheck on paper but there's always fine print.

    • @RabbitsInBlack
      @RabbitsInBlack 3 года назад +1

      And Very Expensive to live in NY. Prices are ridiculous for shitty places.

    • @AndrewHosford
      @AndrewHosford 3 года назад

      @@stephlrideout Ya, the value of different degrees varies wildly, which is crazy that at the same university, all the degrees cost the same, whether they'll enable you to get a higher paying job or not. Also, the people that get hired at these firms are generally the best of the best. This seems pretty in line with what top technology and top finance firms pay for those with graduate degrees in those respective fields, and actually perhaps a bit lower.

    • @stephlrideout
      @stephlrideout 3 года назад

      @@AndrewHosford yes thank you, obviously, my point still stands

    • @SRosenberg203
      @SRosenberg203 3 года назад

      @@RabbitsInBlack That's how supply and demand works. New York is a desirable place to live, and the supply of housing is lower than the demand for housing, thus prices are very high.

    • @kevina.2269
      @kevina.2269 3 года назад +3

      The average debt after law school is $150,000
      You can probably pay it off in less than 3 years if you "survive" on 100k per year

  • @Formedras
    @Formedras 3 года назад +33

    I don't see any problem with giving new lawyers a higher paycheck... The problem is that it's JUST lawyers and not all throughout the economy.

    • @Mb-wb1or
      @Mb-wb1or 3 года назад +4

      Pretty big difference in giving a few of the very best law school grads a raise after they’re hard work and a fry cook that might not even have a HS diploma.

    • @Formedras
      @Formedras 3 года назад

      @@Mb-wb1or So... what, you want McDonalds employees to get $4 an hour?

    • @TruthTALKA
      @TruthTALKA Год назад +4

      Only a VERY FEW percentage of lawyers make this, only if you went to a PRESTIGOUS law school and want to work corporate law. The rest of the lawyers make 60-80k a year. Stop letting videos like this fool you.

    • @TruthTALKA
      @TruthTALKA Год назад +1

      You act like there is a magic paycheck fairy that pays different professions lol no one "gives" anyone anything

  • @10bd1
    @10bd1 3 года назад +11

    200K/3000 hours is still $66/hr. That’s insane money for just coming out of school

    • @spacetoast7783
      @spacetoast7783 3 года назад +10

      At least 7 years of school, keep in mind.

    • @SRosenberg203
      @SRosenberg203 3 года назад +13

      @@spacetoast7783 Law School is only 2-3 years. Yes, they did undergrad before that, but so did millions of other people who will never make $200,000 per year in their entire lives.

    • @spacetoast7783
      @spacetoast7783 3 года назад +8

      @@SRosenberg203 If money is the only factor, CS, SE, CE, Csec, and some financ-related degrees will get you there with less schooling and less hours.

    • @10bd1
      @10bd1 3 года назад +5

      @@spacetoast7783 I also did an undergrad (4years) and am working towards my cpa for accounting which is 3 years of school. I’m expected to make 65K-70K/year coming out of it. Mind you my cost of living is less than New York, but not 1/4 of the amount.

    • @SRosenberg203
      @SRosenberg203 3 года назад

      @@spacetoast7783 Yes, that's true. If I wanted to be a worthless leech on society who does nothing but skim money off of the accounts of people who actually work for a living, I could have gone into the finance industry and worked on Wall Street.
      Remember, we're talking about entry level salary. I've never heard of an engineer, computer or otherwise, making $200,000 at the very start of their career. When they have an experience under their belt, that wouldn't be so surprising, but entry level? I don't think so.

  • @luckycatdad8369
    @luckycatdad8369 9 месяцев назад +1

    You couldn't pay me enough money to work 60 hours a week. Hard pass.

  • @marlabrunker738
    @marlabrunker738 3 года назад +28

    Heard in the word-processing department at Sullivan, Cromwell:
    "So the doctor asks if I'm sexually active.
    I tell him: 'Not as much as I'd like. But obviously, a lot more than the associates.'"

  • @eliljeho
    @eliljeho 3 года назад +12

    Objection! You cut the end of the short before it ended.

  • @WebertHest
    @WebertHest 3 года назад +41

    Sure, the hours are long and its knowledge work, but everyone in academia I know would kill for 100k a year, let along twice that, let alone as a starting salary :)

    • @StarburstExpress
      @StarburstExpress 3 года назад +9

      Often in academia you are putting similar hours in but getting absolute shit pay as a TA or something. In school you are technically always "on the clock" as there is always stuff you could be studying etc... So it feels much less rewarding with much lower pay.

    • @bobbyfeet2240
      @bobbyfeet2240 3 года назад +1

      A lot of academics make six figures, but that's late in career and usually only if you're very good at publishing and raking in grants.

    • @TheGRAclan
      @TheGRAclan 3 года назад +2

      So whats stopping you? Go to law school.

    • @ericdaniel323
      @ericdaniel323 3 года назад

      I vividly recall running up to my office in grad school (math) on Christmas Eve to get the present I had hidden for my wife and seeing the light on in the office of the one of my professors. He had an endowed chair and probably made about 200k, but damn...

    • @teddysmith8725
      @teddysmith8725 3 года назад

      @@StarburstExpress You're a part-time student employee as a TA. Once you become a professor, you start making good money. Most of my current professors make 150k+. And entry-level professors can make around 80k

  • @jaybee946
    @jaybee946 3 года назад +8

    How competitive are these jobs? I assume these tend to just go to the top graduates of elite law schools.

    • @reanami
      @reanami 3 года назад +3

      Highly Competitive!! That’s the whole “Lawyer” personality type… you make the highest LSAT score possible to get into a top ranked school (like Columbia, Yale, Harvard, Duke etc.) and then graduate with Honors like Magna Cum Laude and Order of the Coif. Plus, you have to be able to show extracurricular involvement by being a member or holding an official position in groups like Mock Trial and Law Review. If you don’t have any of that or didn’t pass your Bar 1st time, don’t even bother applying to those big law firms.

    • @nautical1078
      @nautical1078 3 года назад

      Ivies and other top law schools generally.

    • @fyodorvoynich2916
      @fyodorvoynich2916 3 года назад

      @@reanami OCI recruits are usually before the bar exam, or at least where I'm from.

    • @moneypro85
      @moneypro85 8 месяцев назад

      They are definitely Ivy only

  • @weakness.detector
    @weakness.detector 3 года назад +1

    tbh, they can keep up with this rate and EVEN be capable of sleeping. As someone who sleeps total of 6-8 hours after every 7~8 days (sometimes I have to do 11 days) for the last 3 years, it's not impossible. The trick is to find how your body works. u need to figure out your metabolism, essentially. What I do, is pretty simple yet effective:
    coffee + cigarette + scheduled eating + juice + water..."thought redirection"...thats it.
    WHY:
    "though redirection" is a fancy way of saying take a break and do something else. It's a burnout prevention, but you HAVE TO do it properly. U need a change. Watch a video, sit down, vacuum the house, etc., etc.. The point is to do something radically different than ur work or related to your work. If u have to read - listen to music, if u sit a lot - walk and so on, you get the point. By doing this, your brain gets refreshed, without you risking to lay down in silence and wake up few days later with a ton of unfinished work that would get you fired (unless self employed...and it still varies)
    coffee - caffeine + sugar ofc
    cigarettes - lowers blood pressure after coffee (very important so you don't get a heart attack)
    water - cleaning your organism from coffee remains, especially important in later days
    juice - important vitamins u need
    food - nutrious, cooked, no fat or oils (or as less as possible)
    SCHEDULE:
    1st day : coffee every 6 hours, followed by a cigarette. eat 1 time after the first 8-12 hours
    day two: same
    day three: 2 meals, coffee every 4 hours, 2 cigarettes after coffee
    day four: repeat + extra 250ml water 2 hours after the coffee
    day five: coffee every 3 hours, 3 meals, 2 ciggies after the coffee + 500ml fresh juice mix of orange, grapefruit and lemon.
    day six - repeat, but double juice, + 1 extra cigarette
    day seven - repeat
    ITERATIONS:
    now, with coffee u can go for everything that works FOR YOU. Personally I pour about 80ml water, add 2 strong 3in1 packs of coffee and fill the rest with high percentage milk.
    the meals need to be highly nutritious, but cooked with as less oil/fat as possible. My choice is rice and "pork bites" (could be called "pork cutlets"? I'm not sure for the name in English, but its essentially just pig meat cut in max 4cm diameter, without fat). U need salt, but can add hot red pepper and/or crushed black pepper.
    the juice should be about 1/3 of each above and u can add everything u want really
    cigarettes need to be long and slim, not fat, as slimer are more packed and burn just a bit slower - important as your blood pressure seems to fall slower and u won't have as many issues
    SIDE-EFFECTS:
    hallucinations
    paranoia
    anxiety
    bladder problems
    stomachache
    headache
    lowered focus
    tired eye nerves
    It sounds scary, I know, but there is a secret. What u have to do, is train your organism. start with 24h no sleep and 6 of sleep . every 2 weeks make it one day longer, and increase the sleep time with half an hour each time.
    This works, because it's much slower. Normal people start getting the mental side effects in the first 3 days, and right about the end of the 5th the physical ones kick in.
    However, by building up slowly, u will get to experience these way way further, and following this schedule, you will make a smooth transition with rarely any side effect showing up, let alone more than 1.
    Personally, I start getting the side effects on the 7th day and physical on the 10th.
    the amount of money it costs is about 600~1200 per month, depending on where u live.

  • @jon_j__
    @jon_j__ 3 года назад +7

    Honestly, I was expecting the "catch" to be "but they have on average $1M student debt".

    • @yumri4
      @yumri4 3 года назад +3

      I wouldn't be surprised if some of them do have that massively high amount of student debt to get a law degree and pass the BAR for new york . Though the normal thing for the USA is around 50k to 100k USD in student loan debt before counting in compound interest. With compound interest it goes up to around 200k to 300k so you are looking at the citizens entire life time to pay off the loan. They also have no way to get rid of it either they can declare bankruptcy which will sell everything they own and empty all their bank accounts and still if it isn't enough the debt will still be there as it is an undischarable debt. On avg 80% of the USA who go to college takes out student loans to go to college the other 20% can afford it out of pocket or stop when their bank account is to low to pay for another semester of school.
      The USA has a citizen debt problem. the thing of 1 million in student debt per person might actually be a thing if they are going for their Ph.D The thing with Ph.Ds is yes they get paid more but the jobs they will be offered are less than a masters degree would get so dual masters degrees might be more time and money to get but will be be better for them to get to be able to get a job.

  • @dingle2987
    @dingle2987 3 года назад +56

    And this is why poor people cannot afford attorneys.

    • @implussed
      @implussed 3 года назад +34

      these attorneys making 200k are representing corporations, not poor people and families

    • @bobbyfeet2240
      @bobbyfeet2240 3 года назад +10

      Right, but if you're up against a corporation, how do you think your attorney compares (most likely) with the corporation's? Best in mind that even people who entered law school wanting to help people generally leave in debt and therefore have to make some choices about where to work.

    • @Prockski
      @Prockski Год назад

      @@IRNoahBody I was a clerk at my uncles firm while studying. I remember going home and coming back the next day only to see he never left and was still grinding.

    • @dathunderman4
      @dathunderman4 Год назад +3

      A poor person would never solicit the services at any of these law firms. This is what you call “big law” and they’re basically exclusively representing corporations or big name individual clients.

    • @TruthTALKA
      @TruthTALKA 11 месяцев назад

      @@bobbyfeet2240they’re corporate attorneys versus other corporations Buddy, please use your brain. Many lawyers make 60-120k , these are big corporate attorneys

  • @angledgaze6203
    @angledgaze6203 3 года назад +79

    Hey, that sounds pretty good. I might just change my whole life plans based on a 49 second video.

    • @reanami
      @reanami 3 года назад +6

      Idk if he added this, but It is Highly Competitive!! You make the highest LSAT score possible to get into a top ranked school (like Columbia, Yale, Harvard, Duke etc.) and then graduate with Honors like Magna Cum Laude, Order of the Coif, etc. PLUS, you have to be able to show extracurricular involvement by being a member or holding an official position in groups like Mock Trial and Law Review. If you don’t have any of that or didn’t pass your Bar 1st time, don’t even bother applying to those big law firms. Oh, and all this will prob take about 3-4 hrs depending on if you have your undergrad finished/have a an excellent application prepared, so if you start now, the entry level lawyer salary might even be more than $200K by 2025! 😬

    • @blackfalcon1324
      @blackfalcon1324 Год назад

      I mean you would have to be in the top 10% of a top 5 school.

  • @davidlenir7517
    @davidlenir7517 3 года назад +9

    Meh. I study physics, and 60-70 hours at 100k-150k or less is the norm for most of my professors. As an undergraduate, I can work up to 60 hours during exam weeks and I don't make anything...

    • @nautical1078
      @nautical1078 3 года назад +1

      Where do you go where professors are making less than $100k? Are they like assistant professors? That's low even for low COL areas.

    • @davidlenir7517
      @davidlenir7517 3 года назад

      @@nautical1078 I was exaggerating. The average pay of profs in my school is about 100-150k.

    • @bobbyfeet2240
      @bobbyfeet2240 3 года назад

      Let me reverse that question: where are you a student that they're making that much? It's not unheard of for people who bring in a lot of grant money and are later in their careers to make that much, but as an assistant/associate professor of physics, I was making half that, and that was typical.

    • @davidlenir7517
      @davidlenir7517 3 года назад

      @@bobbyfeet2240 McGill. I should have specified that this is Canadian $.

  • @tjthrash0143
    @tjthrash0143 3 года назад

    Right around $64 an hour if they work 52 weeks a year. I made close to that once in my life. A home PC repair after talking to the customer for 20 minutes walking her through all steps to make sure her PC was plugged in. She assured me everything was fine. Minimum 4 hours for in home PC repair. The cord was plugged into the wall but not the PC. Including the call, drive time and "repair" time i had about an hour into the job.

  • @raziel33581
    @raziel33581 2 года назад

    first year physicians make 50-60k with 1-2k pay increase every year of residency. Most residents work 80 hours a week.

  • @1SCme
    @1SCme 3 года назад +4

    It pays to research your career BEFORE going into college. Entry level attorney's are currently averaging about $60K a year, about 12% to 14% more than my bachelor techie degree got me when I graduated (adjusted for inflation), and I got OT.

    • @Jeremy-kh2pb
      @Jeremy-kh2pb 2 года назад +2

      So the unspoken part of this short is that LegalEagle is speaking exclusively to Tier 1 Graduates 🎓, the top 14 Law Schools in the United States. You will not get a position at a high-paying firm if your graduate from a Tier 2 or 3 school. However, if you keep your undergraduate grades in check 3.85+ GPA, and score 165ish + on your LSAT. You’ll have a good shot at a Tier 1. After that - finish in the top 20% or so of your graduating law class, and you’ll have no trouble becoming gainfully employed. Just don’t let the stress get to you on the way there…

  • @bigrednado4341
    @bigrednado4341 3 года назад +5

    I’ll take 60 hours a week contributing with my mind, rather than thrashing my body in this warehouse thank you very much.

  • @JessieBanana
    @JessieBanana 3 года назад +7

    Sigh...why did I decide to be in social work. Poor life choices 😩. We have long hours, vicarious trauma, and nothing but a positive feeling to show for it.

    • @matthewkoch6937
      @matthewkoch6937 3 года назад

      Speaking as someone who experienced trauma directly, did the work to heal, and now is about to pay that help forward to others as a therapist, our profession surely has done more good work than an army of high-priced, grasping lawyers. Pay does not equate to usefulness in this world, Jessie. Just ask teachers and priests.

    • @JessieBanana
      @JessieBanana 3 года назад

      @@matthewkoch6937 You took my statement with the emoji very seriously. I was joking. I am very aware, was very aware when I made the decisions in my career and education, that there were other careers that would be more financially lucrative.

  • @Leaffs
    @Leaffs 3 года назад +7

    I'd love to get your take on the Menendez brothers and the chances of them getting a retrial!

  • @Notllamalord
    @Notllamalord 3 года назад +1

    Now they can pay off 0.00000001% of their debt every year

  • @Tvtyrant2
    @Tvtyrant2 3 года назад +6

    One of the best paying jobs around here is a 55 hour a week factory job with mandatory overtime. It is making card board at $21 an hour, or about $60k a year.

  • @RobertoBlake
    @RobertoBlake 2 года назад +14

    Also they will have to start 6 figures in debt…

    • @vanshika7825
      @vanshika7825 2 года назад

      so they would be able to pay it off in 7-8 years? granted people have to actually use the money to get by but it doesn't mean they can't save up and pay their debt off bit by bit.

    • @jamesticknor1134
      @jamesticknor1134 Год назад

      I had my GI Bill to pay for it.

  • @Condorito380
    @Condorito380 3 года назад +4

    Yeah, I worked 60 hours a week for years to pay for my addiction to food and shelter. So hard work.

  • @adriannelson4214
    @adriannelson4214 3 года назад

    Here in Norway it is forbidden by law to have a set work schedule of more than 40 hours a week (less for certain occupations), and you are not allowed to work more overtime than a) 10 hours in a 7 days, b) 25 hours in four consecutive weeks, or c) 200 hours in 52 weeks.
    So if any company tried to coerce you into working 60 hour weeks here, you'd most certainly be seeing them in court.

  • @MV-un3jt
    @MV-un3jt 9 дней назад

    To my understanding, studies actually seem to show that white-collar jobs are harder and more exhausting than blue-collar jobs.

  • @mitch783
    @mitch783 3 года назад +5

    Does a 2400 min billable requirement really correlate to only 60 hours per week? I am starting my first year associate position in a few months and thought my 1850 billable requirement would equate to about 60 per week.

    • @NorthernSeaWitch
      @NorthernSeaWitch 3 года назад +1

      As they say, "work smarter, not harder." He seems to be assuming 20% of your work day is not billable (2400 billable from 3000 total) whereas just off the top of my head you're closer to assuming 40% non billable. Making your hours billable, ethically, is an art you haven't mastered yet.

  • @d4nt3sinph3rn0
    @d4nt3sinph3rn0 3 года назад +9

    I did the math. A regular job that works 60 hours a week, with time and a half after 40 hours, you're looking at just under $55/hr. $55/hr & 60hr/week is $200,200/year.

    • @10bd1
      @10bd1 3 года назад +3

      Most jobs don’t pay time and a half if you are regularly working 60 hrs per week. At least that’s my experience.
      Straight overtime sucks

    • @spacetoast7783
      @spacetoast7783 3 года назад +6

      Not that amazing tbh. Not bad, but not amazing.

    • @jhulten
      @jhulten 3 года назад +1

      @@10bd1 Try salary... You never get a 20 hour week to offset the 60 hour week.

    • @AdeleiTeillana
      @AdeleiTeillana 3 года назад +3

      A) Your math is off. If $55 is the time and a half wage, then the regular wage would be $36.67 which would only equal $133,473.60 per year. B) What the heck kind of "regular" job are you talking about? The average hourly wage in the USA is $11.29. Even in NYC it's only $20.24 per hour. C) You really think there's a multitude of jobs out there that would rather pay someone time and a half for 20 hours a week every week of the year for years on end when they could just hire a part-time worker and only pay the regular wage?
      I'm assuming you're still quite young and don't yet know how the working world works. If you're not young, you're very ignorant of how the rest of the world outside of your bubble works.

    • @10bd1
      @10bd1 3 года назад

      @@jhulten this is in line with my point…

  • @Smokey63
    @Smokey63 3 года назад +6

    What people are failing to understand is that it isn’t just about having a law degree and being willing to work 60 hrs a week. The people getting these jobs are SMART- we’re talking graduates from Harvard , Princeton, Yale and the likes. If you don’t go to one of the top 5 law schools, you’re not getting into a top 5 firm. It’s very select people making that kind of money right out of the gate

  • @blazingbattlehawk9626
    @blazingbattlehawk9626 8 месяцев назад +1

    Most undeserving paycheck ever

  • @joshyv01
    @joshyv01 7 месяцев назад

    “This isn’t elementary school, this is high pressure, long hours, I need a grown man”

  • @canderia
    @canderia 3 года назад +4

    Working 60 hours a week is horrible. Been there, done that.

    • @SoyAntonioGaming
      @SoyAntonioGaming 3 года назад +1

      its good that lawyers work long weeks so they dont have time for gaming. they are very noobs at gaming so its good they dont much free time to be my noob team mates in gaming and ruin all weekend

  • @EclecticFruit
    @EclecticFruit 3 года назад +7

    Every time I hear how expensive law school is, and how much work hours it costs across their careers, I just sit back and sigh in relief knowing that I avoided that bullet.

  • @robertshadix7948
    @robertshadix7948 3 года назад +4

    Lol I work 72 hours a week. When can I expect my $145,000 a year raise?

    • @seigeengine
      @seigeengine 3 года назад +1

      When you move to NYC, are a lawyer, and become an associate at a top firm.

    • @robertshadix7948
      @robertshadix7948 3 года назад

      @@seigeengine Woooosh

    • @seigeengine
      @seigeengine 3 года назад

      @@robertshadix7948 How did I know you'd be a loser who can't take a joke?

    • @robertshadix7948
      @robertshadix7948 3 года назад

      @@seigeengine Personal experience, I guess

  • @rcstann
    @rcstann Год назад +1

    Forget the sixty hours, Artificial Intelligence will cut that By seventy five per cent, then on down toward zero from there.

  • @Gremlin14112
    @Gremlin14112 3 года назад +1

    I've worked 60 to 90 hours in a week, and hardly come close to 1/2 of a $60k wage...
    Y'all shouldn't be complaining...
    Some of us can't even afford to go to school to get a white collar job, without getting behind on bills...
    Rent/Housing being way too expensive nowadays...

  • @pattygould8240
    @pattygould8240 3 года назад +6

    He just talked me into and out of becoming a lawyer in seconds.

  • @TheVincentKyle
    @TheVincentKyle 3 года назад +7

    You also forgot the "doing reprehensible socially-destructive things to protect and enrich the wealth of truly reprehensible people" part of the job description.

  • @SarahExpereinceRequiem
    @SarahExpereinceRequiem 3 года назад +5

    If I worked 60 hours a week I could expect to earn, oh, nearly 1/6 of that. Wish I was smart enough to be a lawyer.

    • @mareezy
      @mareezy 3 года назад

      Anyone can be a lawyer. It takes a lot of work studying. U can do it. Just put 12 hours of studying a day for months. Then you will be ready for the LSAT. That's what this guy did, he made a vid about it

    • @jamjam1
      @jamjam1 3 года назад +1

      I think with most jobs it's just keep doing it and you'll learn it eventually. You end up memorizing all the information and learning the skills with repetition you just have to stick with it long enough which will differ with each person.

    • @InRiceITrust142
      @InRiceITrust142 3 года назад +2

      With the NYC minimum wage, working 60 hours a week... you would make roughly 54k without the need to pay back student loans among other expenses related to the process of becoming a lawyer. It seems like a lot at face value but it isn't significantly more after factoring different things in.

  • @razzendahcuben
    @razzendahcuben 21 день назад

    "here's how this works"
    It's called inflation my guy.

  • @DrLongWang
    @DrLongWang 3 года назад +1

    The catch is that you have to be a lawyer

  • @soulman4292
    @soulman4292 Год назад +8

    60 hours a week as a lawyer is VERY DIFFERENT to my 60 hours a week as a commercial mechanical tech, and I don’t get no $200,000 a year, even though without me most of those lawyer would be ruining their $2,000 suits.
    Lawyers make way too damned much money honestly.

  • @moonelie
    @moonelie 3 года назад +79

    wonder how much of a raise the paralegals can expect...
    lmao

    • @kevina.2269
      @kevina.2269 3 года назад +1

      Lol

    • @joermnyc
      @joermnyc 3 года назад +17

      As an actual paralegal the “base” salary for a paralegal/clerk/legal assistant at most firms is not even half of this, and the hours are probably even crazier than the lawyers’. (I work for the city, less money, but our workload is not insane unless it’s a rare expedited case (or something in the press that we need to “take care” of quickly. I can work 40 hours a week and still be home to put my daughter to bed at night (I wouldn’t trade my time with her for $200k).

    • @jedinxf7
      @jedinxf7 3 года назад +3

      @@joermnyc if you know a paralegal working lawyer hours you know a paralegal. being taken advantage of. but I am skeptical.

    • @enriquecabrera2137
      @enriquecabrera2137 3 года назад +1

      If paralegal want to get paid like a lawyer, become a lawyer.
      Pay is about more than working hours.

    • @paulleonard7038
      @paulleonard7038 3 года назад +2

      Bout tree fiddy

  • @Rastebb
    @Rastebb 3 года назад +8

    Laughs in public accounting. Jfc attorneys are overpaid

    • @Rastebb
      @Rastebb Год назад

      @zzzz in public accounting I average roughly 12 an hour with a masters degree.

    • @TruthTALKA
      @TruthTALKA 11 месяцев назад

      @@Rastebbonly big law attorneys make this much, most lawyers make less than accountants Buddy , go research the bimodal distribution of attorney salaries

  • @TempFile8907
    @TempFile8907 3 года назад

    Around $55 an hour take home pay. New York county (Manhattan) cost of living for 2 adults (1 Working) with 3 kids is ~$90k annually. Median pay for the county is ~$65k.
    They're fine.

  • @johnnysimes5082
    @johnnysimes5082 2 года назад

    $200k for 3000 hours per year is the same rate as $133k for 2000 hours/year (i.e., $67/hr). That's about what a Physicians Assistant or Nurse Practitioner makes makes, but you can live anywhere and avoid the NYC grind and long hours and law school debt. Law is one of the tougher careers--I admire those that can make it work.

  • @cancerino666
    @cancerino666 3 года назад +10

    Like if most knowledge professions aren't pulling 60 hours work weeks, and still getting paid garbage.

    • @misterkite
      @misterkite 3 года назад

      If you're working 60 hours a week, you're doing it wrong. I'm a programmer, which is definitely a "knowledge profession" and I work far less than that.

    • @ChrisB-pw5sy
      @ChrisB-pw5sy 3 года назад

      @@misterkite go talk to a severely underpaid school teacher before you sat dumb things

    • @misterkite
      @misterkite 3 года назад

      @@ChrisB-pw5sy they shouldn't be working 60 hour weeks either

  • @JL-ol8zg
    @JL-ol8zg 3 года назад +5

    60 hour work weeks? Sounds like a dream compared to many tech jobs....

    • @spacetoast7783
      @spacetoast7783 3 года назад +1

      Most tech jobs have very reasonable work life balance.

    • @spacetoast7783
      @spacetoast7783 3 года назад

      At least anecdotally.

    • @davidc339
      @davidc339 3 года назад +1

      Many of the big tech companies actually have pretty good work/life balance, for engineers at least. Companies try to keep it that way because it’s actually a pretty big selling point and helps retain the best talent.

    • @TruthTALKA
      @TruthTALKA 11 месяцев назад

      Only tier 1 graduates make this, most lawyers make way less than tech jobs. I know many lawyer earning 60-70k after 7 years of college and 200k debt

  • @DSteerTV
    @DSteerTV 3 года назад +10

    considering the long work hours you should probably just live in a bedsit. Go home to sleep and eat, enjoy the money a bit later when you decide to go part time or to another firm.

    • @stevenroshni1228
      @stevenroshni1228 3 года назад +4

      I know some (young) lawyers rent out something cheap like that and then go to their parents for the weekends.

    • @kevina.2269
      @kevina.2269 3 года назад +1

      @@stevenroshni1228 That's the way to go.
      You can probably save up some serious money and destroy the student debt that way.
      And after serving your time in a big law firm you should be pretty competitive anywhere else.

    • @Carahan
      @Carahan 3 года назад +2

      @@kevina.2269 And without the exhaustion and lack of social life of 60+ hour weeks.

    • @DSteerTV
      @DSteerTV 3 года назад

      @@Carahan You'll have to make friends at work and being a busy lawyer is the life these people chose and I hope they would enjoy it. It is indeed a sacrifice. But if you keep your costs low in 6 years you could have $1million ;) but I agree with you, it's not the life i want.

  • @anonymoose116
    @anonymoose116 6 месяцев назад

    And for people who dont think 60 hours is a lot....as a law student, this work is VERY mentally tasking. I get mental fatigue long before Im tired.

  • @ThisHereIsMyHandle
    @ThisHereIsMyHandle 3 года назад +1

    First year teachers in LA Work 60-80 hours a week, pay comparable housing prices and get paid 55k per year. Just saying

  • @reddcube
    @reddcube 3 года назад +9

    Isn’t there diminishing return on productivity after 50 hrs a week.

    • @Thuazabi
      @Thuazabi 3 года назад +6

      The currently accepted range is between 40-50hrs before productivity starts decreasing (not just diminishing returns, but rather outright reversal). Though there's some new evidence which suggests that most people are really only productive for half of that (20-25hrs per week).

  • @fernandoarista3302
    @fernandoarista3302 3 года назад +16

    I'd rather do 60 hours as an attorney than the 60 I'm doing as a construction worker now

    • @mareezy
      @mareezy 3 года назад +2

      Then go to law school. This is a free country. Change your life. It's never too late

    • @fernandoarista3302
      @fernandoarista3302 3 года назад +20

      @@mareezy I am enrolling into a BA program this fall. This country is not free & that's why I'm becoming an attorney

    • @mareezy
      @mareezy 3 года назад +5

      @@fernandoarista3302 cool. You need to sharpen your reading comprehension skills if you didn't understand what I meant by free🤣

    • @christopherwassmer9348
      @christopherwassmer9348 3 года назад +16

      @@mareezy one count of being a dick.

    • @kevina.2269
      @kevina.2269 3 года назад +22

      @@mareezy You're not free to do whatever you want.
      You're free to do whatever you can afford.
      Pretty sure Fernando understood what you said but you failed to understand him.

  • @HorzaPanda
    @HorzaPanda 3 года назад +7

    60 hours a week is insane, that's beyond the point of diminishing returns. Plenty of good studies showing working that long just leads to less work done per hour not more productivity O_o

  • @tdrewman
    @tdrewman 3 года назад

    200K not bad. Subtract about 80K for rent, 60 hours a week, plus state and federal taxes.

  • @seth6700
    @seth6700 3 года назад +2

    The fact that most people have to work way more than 40 hours a week just to get a livable salary is absolutely absurd! We work to live not live to work!

  • @fredashay
    @fredashay 3 года назад +18

    Nah. If I was gonna be a lawyer, I'd rather open my own small office in some podunk little town writing wills, closing houses, and getting Joe Blow out of traffic tickets...

    • @matthewkoch6937
      @matthewkoch6937 3 года назад +7

      I would do the same. I am a hypnotherapist, and while the big city clients can make you rich, I'd much rather spend my years in a home office, helping college kids and grad students find their true calling, smokers to quit, and actors to deal better with performance anxiety. It's emotionally far more rewarding.

    • @m0L3ify
      @m0L3ify 3 года назад +2

      I worked in an office like that. It's a quieter life, but Municipal court does wear on you over time. It's a bit of a grind.

    • @joecope9935
      @joecope9935 3 года назад +4

      I had a roommate once who just did divorces. Worked about 20 hours per week as far as I could tell. It seemed very laid back and easy. Of course, he'd been practicing for a long time so, presumably, he had all of his debt paid off by then.

    • @m0L3ify
      @m0L3ify 3 года назад +3

      @@joecope9935 I used to work for a divorce attorney. It definitely wasn't easy. It was pure hell.

    • @fredashay
      @fredashay 3 года назад +1

      @@joecope9935 Yes! That's the way to do it! :-)
      Sad thing about the divorce rate, though :-(

  • @henry5823
    @henry5823 3 года назад +7

    Also with very tough placement! Gotta be from one of the better law schools.

  • @dtdang0309
    @dtdang0309 3 года назад +28

    To give people how busy they are, remember, he's so busy he didn't even get to finish the video before posting it.

  • @dparad22
    @dparad22 Год назад

    I work in big law. Not all firms require 2400 billables. My firm's minimum is 1850 which is reasonable. And you can commute to work or work hybrid (even remote but not recommended)

  • @jamesclements3463
    @jamesclements3463 2 года назад

    60 billable hours is a lot different then 60 hours. The reason why the salary was bumped up was because of how gruelling and unrewarding new lawyers felt when starting out at a big firm

  • @Whatsayoutuber
    @Whatsayoutuber 3 года назад +3

    This amount of money makes sense and probably should have been a starting salary sooner. They have to work long hours in a very expensive city. And their degrees were very expensive

    • @YamiOni
      @YamiOni 3 года назад

      By that logic, all the sports figures should be making next to nothing. Which, for the record, I agree with completely.

  • @erikrounds
    @erikrounds 3 года назад +5

    60 hours a week you say? *laughs in game developer*

    • @JoelChenFa
      @JoelChenFa 3 года назад +1

      Surely you mean cry?

  • @adameanglin
    @adameanglin 3 года назад +5

    The thing to remember, is that all of those young lawyers absolutely LOVE their lives.

    • @ThePresentation010
      @ThePresentation010 3 года назад +1

      Key word: *Young* people.
      Most young people love their lives because they just recently left childhood.
      Wait until they're older and become real adults with real bills and real world.. That's where most people hate their lives.

    • @aaronlawrence6350
      @aaronlawrence6350 3 года назад +3

      @@ThePresentation010 you think people who graduated from law school don't have "real" bills and "real" problems? I graduated from law school this year. I have to study 40 hours a week for the Bar Exam. My student loan is $210,000 and my rent is $2800/month. My classmates are in their 30s and some have multiple kids. "Young" lawyers are grown-ass adults, how could you possibly have made it this far in life thinking a law school graduate is equivalent to a teenager?

    • @thejudgmentalcat
      @thejudgmentalcat 3 года назад

      I detect some sarcasm. That kind of schedule will burn them out quickly.

    • @adameanglin
      @adameanglin 3 года назад +1

      @@ThePresentation010 I used to work in a building that had the offices of several competitive law firms. The young lawyers would leave their offices late at night. It didn't take long for them to start hating their existence....I was being sarcastic.

    • @ThePresentation010
      @ThePresentation010 3 года назад

      @@aaronlawrence6350 You'll understand when you're older.

  • @fyodorvoynich2916
    @fyodorvoynich2916 3 года назад

    In Canada, the biggest (Bay Street) firms have first year Associate targets of about 1800 billable hours. Starting pay is typically 120k CAD. 2400 hours is A LOT (33% more), but at 200k USD they are getting paid basically double their Canadian counterparts

  • @mikeblair2594
    @mikeblair2594 3 года назад

    As a wildland firefighter I work between 80 and 100 hours a week. Once I worked a 56 hour shift with no food and no sleep and we sure the hell don't get 200k a year. Its just bad food and I get to shit in a hole.