Hacker News new | ask | show | jobs
by _bxg1 2363 days ago
I've heard this basically happened with Law. 20 years ago lawyers were raking it in and everyone wanted to be a lawyer. Today an entry-level lawyer makes less the half what an entry-level programmer does, and with twice the student loans. There's a glut in the market. My girlfriend was a lawyer for a couple years before doing a bootcamp and she almost instantly started making three times what she used to. It's crazy.
2 comments

I thought a lot of the pay changes with lawyers was due to tort reform and caps on punitive damages, but I am basing that purely on vague memory.

To be fair, first year lawyers at top firms do earn comparable pay to programmers at good companies, maybe not as much as a full compensation package with equity, I’m not sure. But those lawyers who consistently rank at the top of their class and among their peers and stick it out and eventually make partner - they will make much more money than the average software engineer. See this link for some details on what top Texas firms are paying associates [0]. Partners at the big firms make a lot more than 190-300k - probably 2-3x.

The catch is that with law or investment banking you need to be at the top of your class and pedigree matters if you want to get the best jobs. With software engineering these days, a degree is becoming less and less important.

I think at the end of the day the person who enjoys being a lawyer is a very different type than the person who enjoys being a software engineer / coder, and I’d be surprised if there’s much overlap between the two. I’m sure some people can be good at both, and certainly most good developers have the brains to get through law school and pass a test, but the work is so drastically different many people just won’t be happy in the job, and, like what possibly happened to your girlfriend, they move on.

[0] https://www.bizjournals.com/houston/news/2018/06/25/major-te...

For a long time, law was also a thing that a lot of liberal arts majors from good schools sort of fell into when they had trouble turning their English or History degrees into a decent living.

Big Law still pays pretty well--although I assume the associate work life is as punishing as ever--but it's probably not a great career path in general for someone who is mostly chasing the dollars.