tag:blogger.com,1999:blog-3521318064826848712.post4636040115243316716..comments2023-10-19T04:51:53.516-05:00Comments on The Legal Dollar: Is Earning A LLM Worth It?Managing Partnerhttp://www.blogger.com/profile/05130017520583425490noreply@blogger.comBlogger22125tag:blogger.com,1999:blog-3521318064826848712.post-73927238097544441672020-06-03T07:17:27.799-05:002020-06-03T07:17:27.799-05:00Thank you for sharing the information, i have got ...Thank you for sharing the information, i have got the best information. For more information visit - <a href="https://www.avanse.com/education-loan/study-india-loan" rel="nofollow"> Study In India</a><br />Sneha Shahhttps://www.blogger.com/profile/06526583406162052280noreply@blogger.comtag:blogger.com,1999:blog-3521318064826848712.post-811502109073116842018-02-15T03:33:49.189-06:002018-02-15T03:33:49.189-06:00This is quite a nice share. I want to become lawye...This is quite a nice share. I want to become lawyer and that’s why will have to take LSAT for the admission in the law school. I will pick the test prep stuff that fits my LSAT study timeline. There are the <a href="https://testmaxprep.com/lsat/" rel="nofollow">Best LSAT Courses</a> that I found online but I will pick one of them on the recommendation of my cousin who recently passed his LSAT.Gregor Renkhttps://www.blogger.com/profile/10919107292033055832noreply@blogger.comtag:blogger.com,1999:blog-3521318064826848712.post-69482009483456497082016-03-07T16:43:33.046-06:002016-03-07T16:43:33.046-06:00What is a better llm to get? An estate planning ll...What is a better llm to get? An estate planning llm or a tax llm?Llm candidatehttps://www.blogger.com/profile/12350464897636753672noreply@blogger.comtag:blogger.com,1999:blog-3521318064826848712.post-60655318554492267772015-12-19T21:09:27.562-06:002015-12-19T21:09:27.562-06:00An online JD? Sorry, statistically you are highly ...An online JD? Sorry, statistically you are highly unlikely to pass the bar exam. Even if you did (that would probably be a miracle), chances are slim that you would be accepted into any reputable LLM program. It sounds like you made a horrible decision to waste your money on an online JD. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3521318064826848712.post-51852608761523195052015-10-13T07:19:31.899-05:002015-10-13T07:19:31.899-05:00This comment has been removed by the author.Angel Bhttps://www.blogger.com/profile/13209596311672921084noreply@blogger.comtag:blogger.com,1999:blog-3521318064826848712.post-67994673300642259692014-07-27T03:41:46.929-05:002014-07-27T03:41:46.929-05:00This comment has been removed by the author.Anonymoushttps://www.blogger.com/profile/12499925390879881843noreply@blogger.comtag:blogger.com,1999:blog-3521318064826848712.post-23931565578266829342013-05-21T23:19:08.003-05:002013-05-21T23:19:08.003-05:00Mr. Pongs, you make a good point regarding a clien...Mr. Pongs, you make a good point regarding a client's perception. Client's are impressed with credentials including education. It usually makes no difference to them what that credential is (JD, MBA, PhD, MD, LLM, CPA, etc.). <br /><br />Here are my thoughts. I have just obtained my JD from SMU down here in Dallas and will be sitting for the bar exam this summer. I am beginning my LLM in Corporate Finance Law at SMU this fall after the bar exam. However, I am not doing this out of desperation. I worked for a small law firm my 1L summer and then worked for a mid-size company's in-house counsel my 2L summer. Both jobs were in Dallas. I will be working for that same company as an in-house attorney starting in September this year.<br /><br />Many of my fellow graduates ask "Why the heck would you go get an LLM (not even in tax and not even at a different school) if you have a job?" My answer is that down the road in my career having an extra degree may be one extra thing I have that another prospect does not, thus giving me an edge however so slight it may be. It also allows me to specialize further in corporate finance law. Luckily I will be able to take law related business school courses during this degree. If I were to do a tax LLM, I would possibly be pigeon-holed into estate planning or possibly the "tax controversy" guy at the firm. That is not exactly exciting to me, so I didn't pursue that degree. <br /><br />30-35 years ago very few business people were obtaining an MBA. Now, you can barely get a job without having one. Those who obtained an MBA 30-35 years ago gained an advantage financially throughout their careers (despite up and down economic climates). Law is simply behind the times. Look at the medical field. Many doctors obtain the MD, take the medical boards, then go on to specialize with another degree in say neuroradiology, etc. My college roommate has done just that. He says it's pretty much the norm in the medical field now. Law is becoming more and more specialized, just not at the same rate that business or the medical field has progressed. I could be completely wrong on this, but my guess is that eventually specializing in a certain legal area via an advanced degree could be the norm in 20-30 years. If I am right, then in the future people will say "Man that was a good idea! How did you know to do that?" If I am wrong, then I'll just have an extra degree and I can't imagine that hurting my future career. Very rarely does higher education hurt a career. <br /><br />Furthermore, I plan on making the jump from the legal field into a business setting at some point in my career. As you may have experienced Mr. Pongs, the business world respects and is impressed with where you went to school and your higher education, unlike a law firm who is concerned only with where you went to law school and whether your GPA is top 25%. Thus, it makes sense not to obtain higher education in law if you plan on being a career attorney. Obtaining an LLM would do you no good according to law firms' hiring criteria. Also, law firms' business models are becoming somewhat dated and hiring a law student after their 1L year is becoming more and more difficult for firms to do. What we are seeing more of now is large mid-sized firms and small firms waiting for JDs to graduate and pass the bar. Then they snatch them up. Even some large law firms cut back their summer programs significantly. Many large firms in Dallas only hired 2-3 summers this past year. <br /><br />Whatever may happen with the economy, one thing is for sure: those with higher education end up better off than those without it. Of course it looks financially ignorant in the short term to get an LLM since there is no cost-benefit analysis being done by law schools. However, it is important to consider what long term benefits such an education may provide. <br /><br />Just my two cents. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3521318064826848712.post-24052161660213254532013-04-09T19:39:31.566-05:002013-04-09T19:39:31.566-05:00I am a twenty year business developer, who was wor...I am a twenty year business developer, who was working at a very young age, (pre-teen) and owned my first business right out of high school. I have since acquired and/or built a half a dozen small businesses including retail, service, manufacturing, importing, and real estate holding and management company. My piers say that I have definitely learned from the school of hard knocks. <br />I started my undergrad ten years after I graduated high school, and achieved a BSBA from the University of Phoenix (night school). I know that this is not a prestigious school, and probably does not begin to rival an Ivy League education but it worked for me and allowed me to continue the “school of hard knocks”. <br />4 years ago I began Law School at Concord Law School (on-line). This is probably even less prestigious than my undergraduate degree. I read these blogs and frequently the author(s) are very disrespectful to lower tier schools and the students attending them. <br />I wonder why? It seems to me that I have been studying the same Horn books and case books that a Harvard grad would study. We learn to write in the same IRAC or CREAC or whatever kind of...AC you prefer. We study the same MPC, memorize the same rule statements and at the end of the day, we are all sitting for the same bar. And if either of us don’t pass it, then I guess it won’t matter much where we studied. <br />My point is this, I am not disrespecting those of you who had the opportunity to earn a JD from an ABA School or better yet, I’m certainly not disrespecting those of you with an Ivy League Education… I am a bit jealous, but I also know that many people like me who went to night school, online schools, etc., did so because it was the best option available to them. That in itself does not make them less capable of anything. <br />I have been seriously considering an LLM, and I appreciate reading all the comments about which school to attend. Fortunately the TAX LLM is what I have considered so at least I will only get slammed a little bit instead of being called a complete moron for choosing this path. <br />My point is one needs to be very careful when telling complete strangers what education they should or should not get. <br />One point I have learned in my 20 years of business management/ownership/sales… What is more important? Perception or reality? <br />Most/all lawyers I know agree that the school of choice matters little. So who gets impressed with a big name diploma? <br />Your clients do… Why? Because they don’t know better… They assume that a big name JD or for this conversation an LLM from a big name school can be flaunted to your “prospected clients” as why you are a better lawyer than the next guy. Is this total bullshit? Usually yes, but it’s the perception that you are better. And who knows, hopefully you are better. <br />My point is, take a guy like me with an online JD, who will sit for the bar in a few months, and then throw an LLM from blah-blah-blah ABA accredited big name school behind my name and what will my clients see. Exactly, and if the firm that gives me my big break has any business sense, they will also market the crap out of the fact that I have an LLM (ooh-aah) from big name Blah-blah-blah and … oh-by-the-way, Mr. Client, didn’t you know that an LLM is an advanced Law Degree? <br />I hope you all see my point. Its perception that you market to your clients, not reality that you market to them. And hopefully, the tax LLM will actually teach me something worth knowing. <br />(p.s., if any real lawyers want a street-smart intern, email me. michaelpongs@yahoo.com) (so-cal only)<br />Michael Pongsnoreply@blogger.comtag:blogger.com,1999:blog-3521318064826848712.post-79748010754985994852013-03-02T13:31:46.526-06:002013-03-02T13:31:46.526-06:00I'm interested in Miami's Estate Planning ...I'm interested in Miami's Estate Planning LLM. What do you know about that? I known estate planning involves a lot of taxation. I'd like to hear from someone other than a person representing the school.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3521318064826848712.post-60540459627875850502013-02-12T12:16:02.516-06:002013-02-12T12:16:02.516-06:00The cost of avoiding the real world by obtaining a...The cost of avoiding the real world by obtaining an LLM is staggering - both in outlay and lost opportunity cost. Plus, the solution only makes sense if there is going to be a substantial increase in legal hiring next year and the degree will make you more attractive. However, it should be plain that there will not be a significant increase in legal hiring for several years.<br /><br />Additionally, realize that every year you delay becoming employed, you lessen the ability to realize a positive return on your degree (even without accruing any additional debt). Why? Because you are only going to live so long. You can delay the start of earning, but you really can't delay the ending - and practicing law tends to physically burn people out at a higher rate. (I note the articles linking higher rates of cancer and other disease conditions to physical inflammation brought on by long term stress). 25 to 65 is 40 years - each year being 2.5% of your working life. If you delay starting work until age 30, you have lost 12.5% of your workin life - which can be significant, especially considering compound interest (both for loan payback and for investment growth).<br /><br />In short, there are conditions where delaying entry for a year or two may result in a significant improvement (such as when an economy is temporarily depressed by a natural disaster, for example, or there is some other transitory effect). However, that's not the case today.Managing Partnerhttps://www.blogger.com/profile/05130017520583425490noreply@blogger.comtag:blogger.com,1999:blog-3521318064826848712.post-63457316414882277302013-02-03T18:05:07.251-06:002013-02-03T18:05:07.251-06:00The LLM is tempting, but not for the reasons that ...The LLM is tempting, but not for the reasons that it should be.<br /><br />For me it strikes me as a way to avoid the real world for another year (or two if I go part time) and then possibly even more if I get a PhD in a legal related field. <br /><br /><br />The real world is scary looking dawgAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3521318064826848712.post-21611244852141946902012-05-20T06:51:47.694-05:002012-05-20T06:51:47.694-05:00I am Erukilede Julius a Nigerian and I am willing ...I am Erukilede Julius a Nigerian and I am willing to come to US for my LLM in fall 2013. I have been following debates online about the viability of such route and I have get more confuse each time I read another debate or blogs. I however find this blog educating and enlightening.<br /><br />I am interested in llm energy law and LLM in tax but the question is how will NYU tax be useful to someone from Nigeria? I also consider the cost involved and I must confess it is beyond the sky. <br /><br />I also intend to take on traineeship instead of the LLM option but I am not sure if it will be easier to get a traineeship in US. I need international exposure and I really don't know which way to go at the moment. I will need your advice on the strengths and weaknesses of my plans. Hope to hear from you guys. Pls kindly contact me with the following addresses because I just stumbled on this blog and I might not be able to locate my way for you guys reply. Many thanks<br /><br />Julius<br />+2348028701028, juliusdudu@yahoo.comAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3521318064826848712.post-37636861553533569992012-02-21T17:17:27.402-06:002012-02-21T17:17:27.402-06:00Will they have better prospects? I am from a lower...Will they have better prospects? I am from a lower ranked law school and was unable to get a legal job in national security, and just got into GWU's national security LLM programAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3521318064826848712.post-2369694961290287042012-02-21T13:35:45.713-06:002012-02-21T13:35:45.713-06:0011:16 - I have not specifically looked at the prog...11:16 - I have not specifically looked at the programs, but the advice above that even a tax LLM is only valuable from a few places seems relevant. Personally, tax is not my area, but if it were I would only consider getting the tax LLM from Northwestern, NYU, and Georgetown.Managing Partnerhttps://www.blogger.com/profile/05130017520583425490noreply@blogger.comtag:blogger.com,1999:blog-3521318064826848712.post-6482399798110031472012-02-19T13:16:32.374-06:002012-02-19T13:16:32.374-06:00Has anyone looked into the online/off campus LLM p...Has anyone looked into the online/off campus LLM programs offered by University of Alabama? Alabama has Taxation and Concentration in Business Transactions. Are they worth it? How would employers view the online course study?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3521318064826848712.post-68995526571544384412012-02-17T14:36:15.497-06:002012-02-17T14:36:15.497-06:0011:22 - Thanks for the great comments!11:22 - Thanks for the great comments!Managing Partnerhttps://www.blogger.com/profile/05130017520583425490noreply@blogger.comtag:blogger.com,1999:blog-3521318064826848712.post-27341426734265792052012-02-16T13:22:52.563-06:002012-02-16T13:22:52.563-06:00I am a J.D./LL.M. (tax) student in my final semest...I am a J.D./LL.M. (tax) student in my final semester at Miami Law. Because Miami has a joint J.D./LL.M. in Taxation program, I will graduate with both degrees in three years. In order to do so, however, I took the maximum course load each semester (17 credits) and two additional summer courses. Because it did not cost extra to take the maximum course load each semester, my only out-of-pocket expense related to the LL.M. was $8,000 for the two summer courses. Therefore, with proper planning, an LL.M. can be obtained for little extra cost.<br /><br />That said, I have a few words of advice regarding LL.M. degrees in general:<br /><br />1. Do not get an LL.M. in anything but taxation or some other VERY specialized and heavily-regulated area. Securities regulation, for which Georgetown offers an LL.M., is an example of one of those areas. I say this because some of my peers have chosen to pursue LL.M. degrees in Real Property Development and International Human Rights and their courses are, quite frankly, a joke. Anything besides tax can be learned in practice and a mushy-minded LL.M. will only suck more money from your pocket, take another year of your life from you, and likely HURT your job prospects big time.<br /><br />2. Do not get an LL.M. in tax from anywhere but NYU, Georgetown, Northwestern, University of Florida, or, as a last resort, Miami. Those are the top tax 5 schools. Each of those schools (as far as I know) offers a visiting-student dual-degree program which allows students to leave their home institution after their 2L year, attend for a 1-year tax LL.M. program, and then return to their home institution for one additional semester to complete their J.D. This is, of course, with the consent of the student's home institution. This will allow students to obtain an LL.M. degree from a top 5 tax program in only one additional semester. Or, if you're like me, you may be able to graduate in three years if you take the maximum course load each semester and bang out some summer courses before heading off to NYU.<br /><br />GOOD LUCK!!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3521318064826848712.post-31043432820615261412011-08-05T10:17:40.333-05:002011-08-05T10:17:40.333-05:001:44 - That's an intriguing comment. Can you ...1:44 - That's an intriguing comment. Can you flesh that out? I have occasionally heard LLM programs marketing themselves this way, but I have not seen a successful transition based on an LLM. It seems like a clerkship with prestige is useful and many publications are useful. Most of the professors that I had and that I interact with do not have the LLM, but it may have become useful more recently. Can you expound?Managing Partnerhttps://www.blogger.com/profile/05130017520583425490noreply@blogger.comtag:blogger.com,1999:blog-3521318064826848712.post-39175223114378369042011-08-05T01:44:09.555-05:002011-08-05T01:44:09.555-05:00keep in mind the value of an llm for someone pursu...keep in mind the value of an llm for someone pursuing an academic career.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3521318064826848712.post-52732979591633404202010-12-02T10:29:29.658-06:002010-12-02T10:29:29.658-06:00LLMs are also marketed to students at lower ranked...LLMs are also marketed to students at lower ranked schools. Students who get through a lower ranked schools often feel that if they get an LLM from Harvard, they will have better job prospects and greater prestige among their colleagues.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3521318064826848712.post-82815555257590426592010-10-11T23:34:50.120-05:002010-10-11T23:34:50.120-05:0011:17 - Let me relieve your suspense! It's go...11:17 - Let me relieve your suspense! It's good to know that people are reading the post thoroughly!<br />Thanks for pointing that out.Managing Partnerhttps://www.blogger.com/profile/05130017520583425490noreply@blogger.comtag:blogger.com,1999:blog-3521318064826848712.post-81652574245431024172010-10-11T23:17:30.511-05:002010-10-11T23:17:30.511-05:00"
Third, LLMs are being marketed to foreign l..."<br />Third, LLMs are being marketed to foreign law students and lawyers as a way to crack into the US legal market - I think that this is one of the factors behind the 65% rise in LLMs as cited in the articles. Unfortunately, the LLM (end paragraph)"<br /><br />I'm in suspense...Anonymousnoreply@blogger.com