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setto

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Everything posted by setto

  1. Even the same area of law but different firm. Job postings (in the 3-5 yr range at least) frequently ask for grades - "Looking for a candidate with excellent academic credentials" or something along those lines is often seen. To OP, grades might not matter *as much* to you as they do for a classmate who doesn't have an articling position lined up, but they still matter. My take on grades after landing a 1L OCI spot and articles during 1L summer was that I could just enjoy the classes I was taking as opposed to freaking out about grades. It took some of the pressure off, but I still tried my hardest because I wanted to actually learn the material for practice. Long story short - grades count. At least early in your career.
  2. I don't have the data or experience to make that statement, so I'll defer to your expertise. Any actual data on lawyer's total compensation is frustratingly hard to find. It's akin to finance... but with professional corporations fudging the numbers even more. You look at docs like this: http://www.quadcom.gc.ca/archives/2007/Media/Pdf/2007/Resources/CommentsNavigant Report.pdf And get the impression that most lawyers are making $1,900/wk (~98k/yr) (or at least they were in 2007). But the sample sizes are small and it's wrought with statistical issues. At the end of the day, it doesn't change my stance: don't base loan repayment on some figure you think is guaranteed. Nothing is.
  3. **$1,900/week. Though I think they typo emphasizes your point that the numbers being thrown around aren't representative of what many lawyers actually bring in. To OP: when planning out debt, assume the worst and base your debt load on what you can pay when shit inevitably hits the fan. You will be paid well as a lawyer but a lot of the time it's backloaded to the end of your career. Plan on the lower end of the pay spectrum when you are articling, junior (and midlevel to some extent in some practices). $1700 is a lot anywhere you practice. Let's not forget that a lot of the salaries thrown around for lawyers are commensurate with cost of living in the jurisdiction and the hours your work.
  4. Well, just north of 6 figures is a great salary. Though I'm guessing from your post (and please correct me if I'm wrong) that you're in crim defence? If so, I feel like just north of 6 figures after 5 years is lower than some of the salaries I've heard of. Unless you're in a smaller jurisdiction, in which case the 6 figures is amazing money. You also need to consider the burn-out in big law. A lot of people think they won't be one of the associates who finds themselves overwhelmed, depressed, and burnt-out from big law but it's a decision many lawyers make after 3 years. Some decide to quit private practice all together because they've had enough. Is that extra 30-40k worth it? I agree with you and sometimes want more. But maybe it's a grass is always greener type thing.
  5. Doable but shitty. I basically made my course selections based on the exam schedule...
  6. You're interested in private equity, science, tech and space. I feel like venture capital and startups would be perfect for you.
  7. It used to mean someone who will throw others under the bus in an attempt to get better grades/further their goals. For example, not sharing things with their study group, the fabled ripping out pages from books in the library, put their accomplishments on display, etc. In some schools the term has evolved into the same meaning as keener - someone who is involved in everything, an over achiever, answers every question in class, etc.
  8. https://lawstudents.ca/forums/forum/18-us-and-other-foreign-schools/
  9. I would agree in terms of firms, but jurisdiction?
  10. You will be a much more desirable lateral candidate with a few years of work under your belt. Grind it out in TO and pop around to another market after. A lot of lateral moves happen in the 3-5 year call range.
  11. lol even if it were in the most remote communities, I get the feeling those communities have more trouble accessing legal counsel than beer. I know you weren't saying otherwise, I just wanted to point out how insane an access-to-beer campaign is.
  12. Well that's disheartening.
  13. Sometimes. My firm asked for them during 1L OCIs and others didn't.
  14. Can you chime in on a good answer for the accountant or CPA responsibilities vs those of a tax lawyer?
  15. I'm not 100% sure either and most of my day is spent on tax work. Perhaps @Mal or some of the other tax practitioners can chime in. But the basic gist of it, at least from the work I do, is that tax planning lawyers interpret the law and its applications, and accountants will crunch the numbers based on the interpretations. For example: Setting up a pipeline transaction - lawyers will draft the documents (corporate resolutions, share purchase agreements etc), based on their interpretation of the law (section 85 rollovers, 51 exchanges, etc). The accountants will then do their number thing and submit all of the paper work for tax reporting. EDIT: But then I've also worked on transactions where CPAs dictate the steps and what needs to be drafted and we provide some input. So things get blurry there. But I haven't really seen CPA's interpret the law.
  16. There isn't much math involved beyond basic algebra. You're not an accountant (though they don't need much complex math either).
  17. Cool thanks. I'm putting together a proposal for the in-depth stuff.
  18. Really? I had my eye on a couple programs (Osgoodes and NYU's in international tax). There are a few lawyers in AB at the tax boutiques that have the NYU masters.
  19. Maybe the degree belongs to their spouse? "Here's a picture of my mother-in-law and here's a framed juris doctor in law."
  20. If you are not someone 'naturally smart', why on earth would you expect to do well on the LSAT before you've even studied? Like everything else you say you've done in your academic career, dust yourself off and get to fucking work. No need to dwell on this when you know you're a hard working and capable of turning things around.
  21. Is this just like a fee splitting/office sharing arrangement?
  22. Maybe hit up TLS Forums for the American perspective. Though most would likely advise against getting an LLM in anything but tax - there's a bit of a hive mentality around those parts.
  23. Here's what I did in law school and it may not work for you. I tend to be a very scientific writer who doesn't wax much poetic, so I never really ran out of time on an exam. I'm sure had I spent a bit of time outlining a response to the question, as @Jaggers suggested, I could have done better. Normally I would read a question once and start typing. If an issue popped into my head I would type out the general gist of the issue, hit Enter a few times to move it down the screen and away from my current analysis, and continue with the issue I was working on. Looking back now it was a bit chaotic. 1) Go through the exam and identify all the easy issues and those you were able to pick-up on first glance, and deal with them. Don't over analyze. Get the low hanging fruit. Don't miss any of the obvious or fundamental issues. Most, if not all, profs that I've had will have a marking rubric that benefits those who actually complete the exam rather than really nail a few questions (at least they've said as much). This would normally get me a B- to a B. 2) Once you've gone through the whole exam, circle back and look for the more discrete issues. A good way to do this (if it's an open book exam) is to look through the syllabus at all the major topics covered in the course with the hypo in mind. If you make a link, start going through each case within the heading and see what tool from your ratio tool box can be used as the "R" in your IRAC analysis. This is where I would move into the B+ to A- territory. 3) Any spare time is used to fine tune analysis. For example, I'd make sure I argue both sides of the issue and pick what I think the likely answer would be based on my analysis, make sure I've come to a conclusion on all of my answers, correctly organized my analysis and the order of issues etc. Now I'd be in the A- to A territory. ...I never got an A+. I'd normally A- territory with a fair bit of B+ sprinkled in.
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