Tuesday, June 14, 2011

Went to mediation yesterday

4 attorneys including me. Was there from 9am to 6pm. Let's just say that there was plenty of time to hang around and talk with all of the lawyers. 3 plaintiff attorneys and one defense attorney. Case involved a multi-vehicle auto accident. We got into the law school discussion and here is a brief summary of what was said:

defense attorney: law school is simply not worth it anymore. I graduated in 1999 and I'm still paying loans. I don't know how these recent grads will be able to manage their debt. The job market is terrible. I was thinking of hiring an associate but I know so many unemployed attorneys that I have a 12 year attorney working as a contract employee. There is so much experienced talent that there frankly is no need to hire a new associate. That, and money is so tight. I know a recent grad that got a job at a 30 lawyer insurance defense firm with starting pay at 50k. Not bad, but when you consider the loans it's simply not worth it. I tried getting into plaintiffs personal injury but after a couple of years I ended up breaking even.

plaintiff attorney: the market is terribly saturated. I've lost my ass recently in TV ads. The insurance companies don't pay shit anymore and the juries are terrible. People are hurting financially and therefore don't want to throw a bone to those who were truly hurt. They are jealous and reason why should this guy get a check? I'm not getting anything out of this so why should the plaintiff? The insurance carriers know and this and therefore can lowball plaintiff's to the floor with their settlement offers. I've been doing this for 30 years and will be doing this until I die.

Take heed law school lemmings. It's a scary legal job market out there.

8 comments:

  1. There was this girl in law school. I really wanted her, and I know that she really wanted me, but we were too over worked with our heavy class load.

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  2. subprime, you have to get out of Plaintiff's PI. it is the deadest of dead areas in the law. the only positive is that you can potentially get that lottery ticket plaintiff to walk through your door. but guess what? with 500000 other shit head ambulance chasers mucking it up it's like finding a needle in a haystack. its such a brain dead field that all morons who can't get anything else in law always end up practicing PI. glutted beyond glutted and only getting worse.

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  3. Me sue for plaintiff. If u need attorny let my know. Me make you lots of money. Me sue all day every day. Please call my at 1-800-DUMB-ASS.

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  4. "He's got the whole world...
    In his hands...
    He's got the whole world...
    In his hands...
    He's got the whole world...
    In his hands....
    He's got the whole world in his hands...."

    He's got the the PI attorneys...
    In his hands...
    He's got the slip-and-fall attorneys...
    In his hands...
    He's got the PI attorneys...
    In his hands...
    He's got the whole world in his hands...."

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  5. That is the harsh reality. I'm still trying to think outside the lawyer/statist box every day to improve my situations. The establishment can touch every area of my life, but they cannot take away my pride.

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  6. Read about you in the NYT a number of months ago and was struck by your story. Most of us from other fields thought that law paid young graduates well; I guess a relic in my mind at least from movies.

    I thought of that NYT piece when reading this from Need to Know. http://www.pbs.org/wnet/need-to-know/voices/outsourcing-the-law-to-india/9803/

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  7. Car accidents are confusing and complex, and you should never admit fault because after an investigation into the car accident circumstances, it may be shown that you were not actually at fault. By admitting fault, you may not be able to receive the appropriate compensation.

    ReplyDelete

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