3 ms·

This is also compounded by the fact that, IIRC in some states and munis, the ultimate NGO job, public prosecutor, obsolves you of law school debt after a 5-10 y

by 616c 12y ago

This is also compounded by the fact that, IIRC in some states and munis, the ultimate NGO job, public prosecutor, obsolves you of law school debt after a 5-10 year stint. I have heard these are super difficult to get, and it is considered more prestigious in some circles than the high paycheck jobs.

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e15ctr0n 12y ago
Public prosecutors who become District / State Attorneys and acquire a high-profile can also go on to become Governor of the state [0]. Governors then get a chance to run for President. After retirement as President, you can pretty much write your own paycheck. The man to keep an eye on at the moment is Preet Bharara, U.S. Attorney for the Southern District of New York [1], who has taken on New York Governor Andrew Cuomo in a dogfight just 3 months before Cuomo seeks re-election [2]. Cuomo himself was a assistant district attorney in New York City before running for Governor [4]. [0] http://www.centerforpolitics.org/crystalball/articles/ljs2010042201/ http://www.centerforpolitics.org/crystalball/articles/ljs201... [1] https://en.wikipedia.org/wiki/Preet_Bharara https://en.wikipedia.org/wiki/Preet_Bharara [2] http://www.nytimes.com/2014/08/01/nyregion/cuomo-responding-to-us-attorney-seeks-to-justify-recent-contacts-with-corruption-panel.html http://www.nytimes.com/2014/08/01/nyregion/cuomo-responding-... [4] https://en.wikipedia.org/wiki/Andrew_Cuomo https://en.wikipedia.org/wiki/Andrew_Cuomo
- rayiner 12y ago
  Of course's there's Rudy Giuliani, who took on the Mafia as a federal prosecutor: http://en.wikipedia.org/wiki/Mafia_Commission_Trial http://en.wikipedia.org/wiki/Mafia_Commission_Trial.
- frandroid 12y ago
  Ipso facto, public prosecution is a good career choice, since you can become President. headdesk
  - e15ctr0n 12y ago
    My point is that for an ambitious and talented person, public prosecution can become the first step on a long ladder to success in public service, which compensates for the lack of an immediate big paycheck at a private law firm. You could stop banging your head, look around you and count how many Presidents were Governors earlier and public prosecutors even earlier than that.
bradleyjg 12y ago
Not just public prosecutor, ten year in any job with a 501(c)(3) (i.e. most non-profits) or government employer (federal, state, or local) with PAYE, IBR, or ICR* payments and the remainder of your student loans are forgiven tax free. Although it can be difficult to put an exact number on the size of this benefit, it does significantly narrow the pay gap between public interest and biglaw, and means that public interest generally beats out the non-biglaw private sector options, at least looking at those first ten years in isolation. * PAYE is the newest program and allows you to make payments of 10% of annual income after excluding 150% of the poverty line for your family size. The other programs have somewhat higher payments.
- wdr1 12y ago
  Is this true even for school teachers?
  - bradleyjg 12y ago
    Certainly does. In fact, I believe there are other programs specifically for teachers that kick in sooner, but I'm not sure of all the details.
    - VLM 12y ago
      Its extremely complicated. https://studentaid.ed.gov/repay-loans/forgiveness-cancellation/charts/teacher https://studentaid.ed.gov/repay-loans/forgiveness-cancellati... Source: I'm related to several (five?) school teachers and ex-school teachers. The staggering number of hoops to jump thru and document are considered a huge PITA. Its such a PITA its best mentally treated as a bonus as opposed to a life plan. All you need is one principal who takes a personal dislike to you and your financial life will be ruined, so for your own mental health, go in like its a lottery winning.

by 616c 12y ago

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e15ctr0n 12y ago

Public prosecutors who become District / State Attorneys and acquire a high-profile can also go on to become Governor of the state [0]. Governors then get a chance to run for President. After retirement as President, you can pretty much write your own paycheck. The man to keep an eye on at the moment is Preet Bharara, U.S. Attorney for the Southern District of New York [1], who has taken on New York Governor Andrew Cuomo in a dogfight just 3 months before Cuomo seeks re-election [2]. Cuomo himself was a assistant district attorney in New York City before running for Governor [4]. [0] http://www.centerforpolitics.org/crystalball/articles/ljs2010042201/ http://www.centerforpolitics.org/crystalball/articles/ljs201... [1] https://en.wikipedia.org/wiki/Preet_Bharara https://en.wikipedia.org/wiki/Preet_Bharara [2] http://www.nytimes.com/2014/08/01/nyregion/cuomo-responding-to-us-attorney-seeks-to-justify-recent-contacts-with-corruption-panel.html http://www.nytimes.com/2014/08/01/nyregion/cuomo-responding-... [4] https://en.wikipedia.org/wiki/Andrew_Cuomo https://en.wikipedia.org/wiki/Andrew_Cuomo

rayiner 12y ago
Of course's there's Rudy Giuliani, who took on the Mafia as a federal prosecutor: http://en.wikipedia.org/wiki/Mafia_Commission_Trial http://en.wikipedia.org/wiki/Mafia_Commission_Trial.
frandroid 12y ago
Ipso facto, public prosecution is a good career choice, since you can become President. headdesk
- e15ctr0n 12y ago
  My point is that for an ambitious and talented person, public prosecution can become the first step on a long ladder to success in public service, which compensates for the lack of an immediate big paycheck at a private law firm. You could stop banging your head, look around you and count how many Presidents were Governors earlier and public prosecutors even earlier than that.

bradleyjg 12y ago

Not just public prosecutor, ten year in any job with a 501(c)(3) (i.e. most non-profits) or government employer (federal, state, or local) with PAYE, IBR, or ICR* payments and the remainder of your student loans are forgiven tax free. Although it can be difficult to put an exact number on the size of this benefit, it does significantly narrow the pay gap between public interest and biglaw, and means that public interest generally beats out the non-biglaw private sector options, at least looking at those first ten years in isolation. * PAYE is the newest program and allows you to make payments of 10% of annual income after excluding 150% of the poverty line for your family size. The other programs have somewhat higher payments.

wdr1 12y ago
Is this true even for school teachers?
- bradleyjg 12y ago
  Certainly does. In fact, I believe there are other programs specifically for teachers that kick in sooner, but I'm not sure of all the details.
  - VLM 12y ago
    Its extremely complicated. https://studentaid.ed.gov/repay-loans/forgiveness-cancellation/charts/teacher https://studentaid.ed.gov/repay-loans/forgiveness-cancellati... Source: I'm related to several (five?) school teachers and ex-school teachers. The staggering number of hoops to jump thru and document are considered a huge PITA. Its such a PITA its best mentally treated as a bonus as opposed to a life plan. All you need is one principal who takes a personal dislike to you and your financial life will be ruined, so for your own mental health, go in like its a lottery winning.