What do you do? (3 Viewers)

[doublewing]

Cybersecurity is a great place to be, and that's not changing any time soon.

Yes, any young people I talk to that are thinking about tech have a lot of opportunities in the field. I emphasize the cyber option.

So many ways to break into it that don't require a traditional 4 year degree if that's not your thing. Plenty of trade programs where you can learn networking, cloud services, etc. The armed services have great programs for cyber offensive and defensive positions. About half my team at my previous startup had folks we hired directly from cyber defense in the US Army.

 

[Huskerbuck85]

Can’t speak for solos or people who own their own firms - I work at a big firm with a much higher rate than that - I don’t mind what I do, but it has its trade offs.

I’m sure there are trade offs but I don’t buy the notion that any attorney isn’t making money hand over fist if they’re busy.

 

[Mavsker]

I probably shouldn't say this but I work for a government agency is often abbreviated with three letters. I get paid handsomely for keeping tabs on several of you.

 

[Kaladin]

I’m sure there are trade offs but I don’t buy the notion that any attorney isn’t making money hand over fist if they’re busy.

 

[RedSeaRising]

I’m sure there are trade offs but I don’t buy the notion that any attorney isn’t making money hand over fist if they’re busy.

The bimodal distribution of salaries for attorneys are real. 1/2 of them don't really make any more (seemingly, oftentimes less) than a lot of other industries. There's a huge difference between the 20% or less of law school grads that make $200k out of school at a big firm vs. the 80% that start out at $50-60k and take a long time (if ever) to close that gap in pay.

 

[Chi7397]

The bimodal distribution of salaries for attorneys are real. 1/2 of them don't really make any more (seemingly, oftentimes less) than a lot of other industries. There's a huge difference between the 20% or less of law school grads that make $200k out of school at a big firm vs. the 80% that start out at $50-60k and take a long time (if ever) to close that gap in pay.

This is very accurate. Any lawyer billing you $385 an hour is probably not making a killing and many, many lawyers don’t do all that well especially on an hourly basis if you actually do the math.

You can definitely make a lot of money as a lawyer, but it’s a pretty big gamble when law school costs upwards of $180K and the great majority of people aren’t going into big law.

 

[RedSeaRising]

This is very accurate. Any lawyer billing you $385 an hour is probably not making a killing and many, many lawyers don’t do all that well especially on an hourly basis if you actually do the math.

You can definitely make a lot of money as a lawyer, but it’s a pretty big gamble when law school costs upwards of $180K and the great majority of people aren’t going into big law.

Yep. I negotiate a lot of contract terms and rates and I'm sure the principles of billable rates vs actual costs in the law world aren't too different from large scale construction. The billable rates I negotiate include not just the salaries for those people, but their benefits, taxes, fee for the firm, etc. Billable rates vs actual salaries are a long distance apart.

A while ago I did an analysis using avg costs of education & salaries for both doctors and lawyers vs what I make with my bachelor's in Dumbfuckery from UNK. The ROI on my $35k piece of paper is a lot more attractive than the likeliest scenario of shelling out law school money for a lower starting salary later in life. Not true in every case but the data indicates it would be for most

 

[Huskerbuck85]

Yep. I negotiate a lot of contract terms and rates and I'm sure the principles of billable rates vs actual costs in the law world aren't too different from large scale construction. The billable rates I negotiate include not just the salaries for those people, but their benefits, taxes, fee for the firm, etc. Billable rates vs actual salaries are a long distance apart.

A while ago I did an analysis using avg costs of education & salaries for both doctors and lawyers vs what I make with my bachelor's in Dumbfuckery from UNK. The ROI on my $35k piece of paper is a lot more attractive than the likeliest scenario of shelling out law school money for a lower starting salary later in life. Not true in every case but the data indicates it would be for most

@God is a Husker is rich though

 

[Tyneb23]

I have a better job than @Tyneb23

Beating you in sales

 

[KidsSeeGhosts]

Yep. I negotiate a lot of contract terms and rates and I'm sure the principles of billable rates vs actual costs in the law world aren't too different from large scale construction. The billable rates I negotiate include not just the salaries for those people, but their benefits, taxes, fee for the firm, etc. Billable rates vs actual salaries are a long distance apart.

A while ago I did an analysis using avg costs of education & salaries for both doctors and lawyers vs what I make with my bachelor's in Dumbfuckery from UNK. The ROI on my $35k piece of paper is a lot more attractive than the likeliest scenario of shelling out law school money for a lower starting salary later in life. Not true in every case but the data indicates it would be for most

The bills that get rung up in big law are insane. The billing rate for even a legal assistant at one of the white shoes is absurd. It’s the same for any high-level professional service where you have a bit of a captive audience. I’m sure the margins are 🥵🥵🥵

 

[LoudHogRider]

I probably shouldn't say this but I work for a government agency is often abbreviated with three letters. I get paid handsomely for keeping tabs on several of you.

 

[RedSeaRising]

@God is a Husker is rich though

That's because he's from Western N, his profession is irrelevant

 

[HuskerGarrett]

I have a better job than @Tyneb23

Beating you in sales

 

[LoudHogRider]

The bimodal distribution of salaries for attorneys are real. 1/2 of them don't really make any more (seemingly, oftentimes less) than a lot of other industries. There's a huge difference between the 20% or less of law school grads that make $200k out of school at a big firm vs. the 80% that start out at $50-60k and take a long time (if ever) to close that gap in pay.

No different than medical doctors: 50% of all lawyers graduate in the bottom half of their class.

 

[RedSeaRising]

The bills that get rung up in big law are insane. The billing rate for even a legal assistant at one of the white shoes is absurd. It’s the same for any high-level professional service where you have a bit of a captive audience. I’m sure the margins are 🥵🥵🥵

I'm sure I'd shit seeing those rates. At a surface level staff rates in my world are much lower than those in law, but I also have more levers to pull to generate profit. I'd assume that outside of some reimbursable expenses most law firms have their entire nut baked into those billable rates.

And to your point, the stuff I'm talking about is relative, I can justify and successfully negotiate higher rates for our people because we are a premium brand and a known commodity in the market. I'd assume a similar situation in a big law vs mom & pop law firm

 

[ChocaEgg]

I approve of throwing shoes at @Mavsker , but he's probably one of the last of the posters I would believe works at a three letter agency. He's got a brother in the Russian Army for chrissakes!

 

[KidsSeeGhosts]

I'm sure I'd shit seeing those rates. At a surface level staff rates in my world are much lower than those in law, but I also have more levers to pull to generate profit. I'd assume that outside of some reimbursable expenses most law firms have their entire nut baked into those billable rates.

And to your point, the stuff I'm talking about is relative, I can justify and successfully negotiate higher rates for our people because we are a premium brand and a known commodity in the market. I'd assume a similar situation in a big law vs mom & pop law firm

A way to think about it is like Big 4 accounting. For your Russell 3,000 or so firms, the only place they’re going to go for auditor and big deal support is a literal handful of possible options. I was looking at our audit fees for FY23 and they included an inflation adjustment as a line item. You know you’re good and fucked when they can be that blatant about it and you can’t do shit.

There a certain deals/cases that only a few will reasonably get hired for and you pay every goddamn penny. Look at Wachtell fleecing Musk.

 

[11husker23]

I work in healthcare and it’s not pretty. 12 hour shifts are nice for having 4 days off a week. The rest isn’t great.

 

[Jim14510]

if they’re busy.

Lots of variables but that's probably the biggest one.

 

[Lionsfan93]

Beating you in sales

.......not to be "that guy," but I have you quadrupled friend lol 😂