13 Δεκ Will Ey Pay for Law School
If you work in our audit, tax, transactional or advisory practices, you will have a similar role to that of a recent graduate. From the beginning, you will work on real client projects and contribute to a variety of work in various industries. The four-week program begins in your home office before moving to another EY office abroad. Then you go home to finish your internship. Flight, accommodation and work visa costs are covered by EY. Well, maybe? If you spend even a little time reading our sister site Above the Law, you might feel like the last thing you should do is study law. There is a precarious job market. You can end up with a huge debt burden, which can take a lifetime to repay. And a significant number of our lawyers simply told us, “It`s just not worth it.” EY proposes to a partner to abandon its audit activities and free its advisory services – including legal services – from the constraints and conflicts of interest that hinder its growth. The new activity will be accompanied by an expansion of the company`s legal services, requiring an even greater number of lawyers. In an already difficult talent market, many legal observers warn of the impact such a move will have on talent acquisition.
The three men agreed that their decision to return to law was worth it, but that the process is certainly difficult: “These three years have been difficult. The hardest part is probably reorienting yourself and being a student after a while,” Gagnon said. So, are your aspirations for law school a good idea? Hard to say. Knowing what you want to do with the degree seems to be the key to making a decision. If you think a law degree will be the solution to your previously lackluster career, you might be very disappointed. With all that in mind, we wanted to have a first-hand perspective, so we put probes for a few CPAs who became lawyers to get a sense of their experience so that those of you considering law school could make a more informed decision. But this time we`re going to go really crazy and give you an idea that we know many of you had (including yours truly), and that`s the consideration of going to law school. Back to school But before you get to all the benefits of the CPA/lawyer superstar, there`s the little thing of going to law school. While many lawyers we`ve spoken to have said that law school you attend is everything, it really depends on what you want to accomplish with the degree. As Eric Gullotta told us, “It`s important to know what to do. If you want to work in [a big city], you have to go to a reputable law school. If you want to practice on the spot, hang the shingles, then you can go to a school a little less prestigious, which is more convenient for your situation.
“But think about the benefits; You have the CPA and if you get the JD, maybe you will get an LLM and it will be the smartest thing you`ve ever done. Think about money! Prestige! Lawyers say you`re going to bed and get married! It`s all worth it, right? Cornelius Grossmann, Global Law Leader, said the overhaul of EY`s legal services business will give them a significant advantage in the fight against top lawyers. Can you do that? Can you pass the bar without studying law? Steve Farrar had a very different thought process before going back to school. He returned because he was interested in becoming a litigator. “I went back to law school with the intention of hearing cases,” he told us. While interviewing, most companies wanted him to consider working in a more transactional role, but he found a firm willing to let him work in litigation, and it turned out to be a perfect fit: “I was thrilled. While you may hear stories about people who are exhausted, I appreciate every minute. “And the biggest advantage for him?” It will sound crazy when I say it, but I love the theatrical chess game of going to court.
Just one more perspective, I know several people who will graduate from law school in April. One of them accepted a position at EY in taxation. Because he has (will have) his JD, he will start as a two-year employee, and his base will be $5,000 higher than the other second years. For some crazy reason, you can`t shake off the idea of investing three years of your life and borrowing tens of thousands of dollars to live on PB&J, ramen noodles, and frozen pizza. Oh and of course, there`s study, testing, and everything that comes with going back to school. Accounting firm EY announced earlier this month that it was putting to a vote a proposal to divest its audit business in order to relieve its advisory services – including legal services – of constraints and conflicts of interest that are holding back their growth. While there are many reasons why law firms should view an unaudited EY as a threat, many legal observers and insiders believe that competition for talent will be where big laws could suffer the most. Just because you go to law school and have your CPA doesn`t mean you`re necessarily going to do something different than what you`re doing now, and that doesn`t necessarily mean you`ll get paid more.