Comments on: Kill Some Of The Lawyers(And Their Law Schools) http://www.briancuban.com/kill-some-of-the-lawyersand-the-law-schools/ Brian Cuban's version of TRUTH, JUSTICE and the UN-AMERICAN WAY Thu, 09 Feb 2012 22:43:58 +0000 hourly 1 http://wordpress.org/?v= By: MNII http://www.briancuban.com/kill-some-of-the-lawyersand-the-law-schools/comment-page-1/#comment-37974 MNII Sat, 03 Sep 2011 08:04:36 +0000 http://www.briancuban.com/?p=5321#comment-37974 There may be many lawyers, but there is always room for a great lawyer. It is not difficult to do well financially as a lawyer, as long as you take risks and develop your firm in a leveraged way such that you have multiple revenue streams. Working for BigLaw is a waste of time from a financial perspective and is akin to working three full time jobs at 40k-50k each yearly. As a young lawyer, I have done better than I ever imagined on my own and the sky is the limit. Having a law license is a license to print money if it is in the hands of a capable, innovative person. I do agree that they let far too many sheeps into law school. They lack innovation and just take up space. Many lawyers are idiots and cannot think outside the box to save their life. Additionally, why would someone want to bill hourly when they can hit the lottery by taking contingency only cases or leveraged contingency hourly cases? As you can see, there are many ways to make money as a lawyer. You get out of law what you put into it. However, being a lawyer is not for the weak minded. There may be many lawyers, but there is always room for a great lawyer. It is not difficult to do well financially as a lawyer, as long as you take risks and develop your firm in a leveraged way such that you have multiple revenue streams. Working for BigLaw is a waste of time from a financial perspective and is akin to working three full time jobs at 40k-50k each yearly. As a young lawyer, I have done better than I ever imagined on my own and the sky is the limit. Having a law license is a license to print money if it is in the hands of a capable, innovative person. I do agree that they let far too many sheeps into law school. They lack innovation and just take up space. Many lawyers are idiots and cannot think outside the box to save their life. Additionally, why would someone want to bill hourly when they can hit the lottery by taking contingency only cases or leveraged contingency hourly cases? As you can see, there are many ways to make money as a lawyer. You get out of law what you put into it. However, being a lawyer is not for the weak minded.

]]> By: Your_Cuban_Dad http://www.briancuban.com/kill-some-of-the-lawyersand-the-law-schools/comment-page-1/#comment-4719 Your_Cuban_Dad Sun, 15 Mar 2009 04:54:30 +0000 http://www.briancuban.com/?p=5321#comment-4719 What is a tier 4 school? I don't think this guy knows what he is talking about. Right now lawyers are out of reach for 75% of Americans. So a little competition would be nice. As far as layoffs of 8%...Well that is one industry that must be bulletproof. Who are these talented attorneys you speak about. Are they Harvard and Yale types that can handle my buddy's divorce! Or maybe setup a small business LLC. How can you discuss law when you do not even know what the f*** you are talking about. Utter nonsense! In your scenario you must be from the law establishment...ie rich kid..from a private school like SMU? Whatever happened to the person who works right out of college has a family and then decides to get his/her JD. If they live in Dallas or FW area then they must move to Austin and get I guess you would call a UT Law degree maybe 3rd tier. Just remember the next time you get busted for a DWI or smoking a joint, that will be minimum $15 large. Yes with more lawyers competing for their clients then you can push that price down! When is the last time you really considered calling an attorney for getting fucked? That is right you did not! Why because you are poor? No because all the tier 1's are printing money for the large corps. Please in the future when you post your blog. Put some thought into it. Your comment and the comments of your readers is downright .... well I have faith you will put more thought into it next time. Sincerely, Your dad....someone has to set you straight and not just S.Y.D and say how proud! What is a tier 4 school? I don't think this guy knows what he is talking about. Right now lawyers are out of reach for 75% of Americans. So a little competition would be nice. As far as layoffs of 8%…Well that is one industry that must be bulletproof. Who are these talented attorneys you speak about. Are they Harvard and Yale types that can handle my buddy's divorce! Or maybe setup a small business LLC. How can you discuss law when you do not even know what the f*** you are talking about. Utter nonsense! In your scenario you must be from the law establishment…ie rich kid..from a private school like SMU? Whatever happened to the person who works right out of college has a family and then decides to get his/her JD. If they live in Dallas or FW area then they must move to Austin and get I guess you would call a UT Law degree maybe 3rd tier.

Just remember the next time you get busted for a DWI or smoking a joint, that will be minimum $15 large. Yes with more lawyers competing for their clients then you can push that price down! When is the last time you really considered calling an attorney for getting fucked? That is right you did not! Why because you are poor? No because all the tier 1's are printing money for the large corps.

Please in the future when you post your blog. Put some thought into it. Your comment and the comments of your readers is downright …. well I have faith you will put more thought into it next time.

Sincerely,

Your dad….someone has to set you straight and not just S.Y.D and say how proud!

]]> By: econ365 http://www.briancuban.com/kill-some-of-the-lawyersand-the-law-schools/comment-page-1/#comment-4686 econ365 Wed, 11 Mar 2009 14:31:48 +0000 http://www.briancuban.com/?p=5321#comment-4686 The Legal Industry bubble walked in sync with the stock market and housing bubble. When firms are paying newbies $165k just for passing the exam and walking in the door, then you know something is wrong. This was not sustainable even in the best of times. The answer: Layoff bottom 10% associates/paralegals, stop all hiring, make 2nd/3rd year associates do newbie work, make low-level partners come to the office more than twice a week, and then wait for the recovery while the senior partners collect a bigger share. Brilliant! The Legal Industry bubble walked in sync with the stock market and housing bubble. When firms are paying newbies $165k just for passing the exam and walking in the door, then you know something is wrong. This was not sustainable even in the best of times.

The answer: Layoff bottom 10% associates/paralegals, stop all hiring, make 2nd/3rd year associates do newbie work, make low-level partners come to the office more than twice a week, and then wait for the recovery while the senior partners collect a bigger share. Brilliant!

]]> By: ryals http://www.briancuban.com/kill-some-of-the-lawyersand-the-law-schools/comment-page-1/#comment-4590 ryals Tue, 03 Mar 2009 16:38:05 +0000 http://www.briancuban.com/?p=5321#comment-4590 Let me first say this: There are way too many lawyers. Most of the one's I know under 35 struggle, as do I. But if you feel like crunching numbers on it: I have a spreadsheet on this, but its not deeply historical, if you would like to add older data to another sheet, please feel free. The ABA supplies info on lawyer population by state going way back (i think). <a href="http://www.ryalslawfirm.com/personal/Attorneys%20By%20State.xls" target="_blank">http://www.ryalslawfirm.com/personal/Attorneys%20...</a> ryalslawfirm(---at---)gmail.com Let me first say this: There are way too many lawyers. Most of the one's I know under 35 struggle, as do I. But if you feel like crunching numbers on it:

I have a spreadsheet on this, but its not deeply historical, if you would like to add older data to another sheet, please feel free. The ABA supplies info on lawyer population by state going way back (i think).

http://www.ryalslawfirm.com/personal/Attorneys%20…

ryalslawfirm(—at—)gmail.com

]]> By: Ross http://www.briancuban.com/kill-some-of-the-lawyersand-the-law-schools/comment-page-1/#comment-4585 Ross Tue, 03 Mar 2009 01:00:25 +0000 http://www.briancuban.com/?p=5321#comment-4585 According to the Bureau of Labor Statistics, as of 2/6/09, employment in the construction industry has fallen by about one million since its peak in January of 2007. In comparison lawyers have kind of a sweet deal. I have never seen a comparison of the number of lawyers to the growth in the U.S. Population. Do you have one? I was thinking that 1.1 million lawyers wasn't really too many for 305,928,320 people, considering that just over half of them actuallly go into private practice. I don't live in a big city, but I'm not tripping over lawyers here. According to the Bureau of Labor Statistics, as of 2/6/09, employment in the construction industry has fallen by about one million since its peak in January of 2007. In comparison lawyers have kind of a sweet deal. I have never seen a comparison of the number of lawyers to the growth in the U.S. Population. Do you have one? I was thinking that 1.1 million lawyers wasn't really too many for 305,928,320 people, considering that just over half of them actuallly go into private practice. I don't live in a big city, but I'm not tripping over lawyers here.

]]> By: adjustidohm http://www.briancuban.com/kill-some-of-the-lawyersand-the-law-schools/comment-page-1/#comment-4583 adjustidohm Mon, 02 Mar 2009 21:07:22 +0000 http://www.briancuban.com/?p=5321#comment-4583 the guy in the pic needs a better sign...LOL and he can review my documents...I've got some Cheerios and some Raisin Bran, but little milk... the guy in the pic needs a better sign…LOL
and he can review my documents…I've got some Cheerios and some Raisin Bran, but little milk…

]]> By: Derek http://www.briancuban.com/kill-some-of-the-lawyersand-the-law-schools/comment-page-1/#comment-4579 Derek Mon, 02 Mar 2009 04:18:58 +0000 http://www.briancuban.com/?p=5321#comment-4579 I had no idea the legal market was hit so quickly. The company I work for had a record year in 2008, and followed suit by laying off 10% of the workforce at the end of the year. It is arguable that ANY new schools are unwarranted, besides perhaps new programs for repo-men, gun salesmen, and gardeners. ;-) I had no idea the legal market was hit so quickly. The company I work for had a record year in 2008, and followed suit by laying off 10% of the workforce at the end of the year. It is arguable that ANY new schools are unwarranted, besides perhaps new programs for repo-men, gun salesmen, and gardeners. ;-)

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