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Which Law Degree Is Better?

Corporate Law Discussions

Which Law Degree Is Better?

Postby chansomps » Thu Apr 07, 2011 8:13 am

Hi,
I would love to work in the area of corporate law in New York. I am currently choosing college courses and I was wondering wether it would be more beneficial to me to have a degree in:

Business and Law from University College Dublin (#2 for Law in Ireland, #1 for Business in Ireland)
Law from Trinity College Dublin (#1 for Law in Ireland)

For Corporate Law, would the involvement of business in the degree or the prodigiousness of the law school itself be more important? (I understand I must also take the bar examinations)

PS This is looking forward 4/5/6 years when there isnt complete economic turmoil (hopefully)
chansomps
 
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Joined: Thu Mar 31, 2011 9:29 pm
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Which Law Degree Is Better?

Postby dureau » Thu Apr 07, 2011 8:20 am

Choosing a career is one of life's most important and difficult decisions.

There are more attorneys than there are legal employment positions. We simply already have way too many Legal Professionals. AND the legal profession is dramatically changing: it is in absolute CRISIS! Job searching in this vocational field has changed >>DRAMATICALLY<< in the last five years. And, every year, more and more people graduate from law school, but there are fewer and fewer jobs. Even the largest and most reputable law firms are experiencing unprecedented cutbacks. I don't expect the situation to improve in the coming years.....

Be aware of what you are proposing on getting yourself into. Please do more research first. Reminder: We are STILL in a World-wide Recession. Obviously, economic conditions affect the number of jobs available. Consider career paths that have available JOBS.<< Even in a Recovery, there are some jobs that just won't return - the field of Law won't make a comeback. Too many things have changed in this vocational field.

Warning> Jobs in the field of Law are drying up fast!! This no longer is a good field to invest time and/or money into. This is a SHRINKING, crumbling, and dying vocational field. Many, many reasons: We now have computers. So, many people today (mistakenly) think they can do their own legal work, thanks to the Internet and legal books. Also, there are a lot of companies out there making very efficient legal software for the field of Law. Today's graduating lawyers tend to be very computer savvy, so they just do the work themselves to save themselves the cost of overhead - they aren't hiring legal staff. Also, the "Public" buys this legal software/law books in order to get legal work done without the expense of an Attorney. Also, we simply already have way too many Legal Professionals - we just have an absolute glut!! ("Legal Professionals" includes, but is not limited to: Attorneys/Lawyers, Paralegals, Legal Assistants, Legal Secretaries, Bailiffs, Court Reporters, etc, etc) For example: Sites like legalzoom.com have taken away work that many small-time attorneys/lawyers would do/used to do.

The field of Law has a mystique that actually exceeds reality. The field of Law is a vastly overrated career - especially by television.<< There are many myths regarding the field of Law:
**myth: working as a Lawyer is mentally challenging (Actually, most work as an attorney involves mountains of routine paperwork: research, cite checking, drafting documents, and document review. Attorneys need to write down and track EVERY activity they do, all day long [in 6 to 15 minutes increments, depending on the billing system] - a painstaking but necessary task - handling details is a large part of working as a lawyer),
**myth: being an attorney is thrilling, high-powered, and glamorous (remember: television is FICTION - the fictional lawyers on TV are ACTORS - the majority of work that an attorney does, does not happen in a courtroom),
**myth: law students think that because they are good at arguing they will become great attorneys (Actually being a great attorney is more in one's ability to mediate between differing sides and bringing them to agreement/compromise. Many people mistakenly think that being an attorney is about the ability to argue. Actually, a successful attorney is defined by his/her commitment to the PEACEFUL resolution of disputes. Lawyers are actually: mediators, advocates, negotiators, advisors, evaluators, and peaceful intermediaries between clients.),
**myth: as a lawyer I can correct injustices (actually legal decisions are more about reaching compromises than about right vs. wrong),
**myth: guaranteed financial success (actually when salaries are compared, you also need to account for cost-of living expenses [most large law firms are in large cities - the bigger the city, the more cost-of-living expenses will be], payment of debts accrued while attending law school, and time needed to build a client base. Many large law firms require lawyers to work 60-80 hours per week. There are a FEW attorneys that earn a lot of money - but MOST attorneys just about make a living. Most attorneys do not make as much money as most people think. Also, remember: there are more attorneys than there are available jobs.).
And then, to top it off, attorneys have to keep their client's information confidential. (You cannot use "juicy" tidbits that you have become aware of as fodder for the gossip circles.)

Law is a more demanding profession than most people realize. It is not like what you see on TV.

Cost of law school to be lawyer, approx $150,000+. Be prepared to take on a LOT of debt!<<<

The legal profession leaves little room for outside interests. Commitment to the law profession tends to produce an unbalanced lifestyle.

The competition to get into law school is intense. Applicants to most law schools greatly exceed the number that can be admitted.

Even if you finish law school, you won't be able to find a job when you are done. Since this vocational field is shrinking (at an alarming rate), many new attorneys/lawyers are, themselves, having to work "down" as Paralegals, Legal Assistants, Legal Secretaries, Bailiffs, Court Reporters, etc, etc, to simply try to keep some of their bills paid. And the competition is fierce in TODAY's job market!!

Now... the law schools know this, but they won't tell you the truth >that the job market/economy is just SATURATED with way too many Legal Professionals. Instead the schools will feed you a fairytale and will LIE to you. The root of the problem is we already have too many law schools. We are STILL in a Recession, and the schools are fighting for their own survival - they will tell students anything to get to the students' money. (Which is why they won't tell you the truth about the job market for the field of Law.) And these schools continue to recruit and churn out even more graduates.............Remember>>> law schools are BUSINESSES - their TOP concern is making money for themselves.

>>>>>THE #1 MOST IMPORTANT THING (and I can't stress this enough>>>): You ESPECIALLY have to beware of the BOGUS, INFLATED law school salary/job stats given out by >law schools< (AND by the U.S. Bureau of Labor)!!***<<<<<

If you don't believe me, then:
**Check out these websites: http://informeddecisionmaking.blogspot.com
http://calicocat.com/2004/08/law-school-big-lie.html
http://abajournal.com/news/triplt_bad_news_for_law_students_three_firms_aX_summer_associate_programs/
http://abajournal.com/news/as_rio_tinto_saves_millions_other_corps_will_outsource_too_counsel_says/
http://blog.penelopetrunk.com/2009/02/03/dont-try-to-dodge-the-recession-with-grad-school/
http://lawschoolscam.blogspot.com
http://dealbook.blogs.nytimes.com/2009/09/02/another-view-lock-the-law-school-doors/?ref=business
http://media.www.dailyorange.com/media/storage/paper522/news/2009/09/15/News/Law-Students.Face.Tough.Job.Market-3771810.shtml
http://thirdtierreality.blogspot.com/
(A link to a website does not constitute endorsement.)
**do a SEARCH here on Yahoo Answers to see what other posters are saying about the current status of the field of Law. Call some local law firms - ask to speak to the Manager of Human Resources - ask them if they are hiring; ask them what they think about future job availability in the field of Law..................
**Do "informational interviews" with several attorneys from at least two or three different firms. (You can find how to do "informational interviews" from your local Public Library - ask the Librarian.) Interviewing attorneys is a time-efficient and extremely beneficial way of discovering if law is the right vocational field for you. Talk to a few Human Resource Managers who work at employers in the field of Law. Ask them what their opinion is on future job availability for the field of Law. Ask them if they have any current open positions. Ask them how many resumes they receive when they advertise ONE open position. (It is ususally approximately 300 resumes are received for each open position advertised.) If you personally know a practicing lawyer, set up a time with them to do an "informational interview" to ask them about their career. Talk to many attorneys. Better yet, spend an entire day with one of them.
**Talk to recent law graduates. Ask them what success they are having finding employment opportunities. <<<

Check out the book: "So You Want to be a Lawyer?" by Marianne Calabrese and Susanne Calabrese (ISBN 0-88391-136-1): "The United States has more lawyers than any other country in the world. About 38,000 students graduate >each year< from the 200+ law schools in the United States. The competition is very keen for jobs and clients." - Even Associate Justice Antonin Scalia (who served on the U.S. Supreme Court for more than 20 years) says there are too many lawyers. (9/14/2008)

If you want a job when you are done with your studies, consider and look into the fields of: >>>Healthcare, Information Technology, Law ENFORCEMENT, environmentalism, emergency planning, accounting, education, entertainment, utilities, home-car-commercial-industrial repairs, vice industries, clergy, and/or debt collection. I spoke to a career counselor from Jobs and Family Services, and HE told me that these areas are where the jobs are, and future job opportunities/availability....and scholarships.

There are MANY issues of working in the vocational field of Law. My answer is an attempt to give you a realistic way of looking at this career, and I have told you things that most will not tell you about the professio
dureau
 
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Which Law Degree Is Better?

Postby aviya » Thu Apr 07, 2011 8:22 am

If you want to practice corporate law in New York, you need to attend the absolute best American law school you can possibly get into. T20 minimum if you're going BigLaw. In-house counsel positions require years of experience, so if you're aiming there, you need someplace that will give you that experience - the law school matters a little bit less.

I'm not familiar with the Irish academic system, but American college legal or business classes are useless in the actual world of law school. So I would say take whatever interests you the most. Corporate law deals with so many different areas that a business background will not be helpful, unless you are looking to practice in the business end of the legal profession, like opening your own office.

No American law school is going to care what type of law you intend to practice, and your specialization/major only matters to the extent that it's prepared you for law school. No firm is going to care about your business background when they hire you, except that you've taken the proper classes or if you have an MBA. So the best way to have the option of the kind of job you seem to be looking for is to attend the best law school you can and get the best grades possible.
aviya
 
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