Celebrating 10 years! 2007-2017

Survey, which career has a better chance of making $1mm

Median from a t3 hoping to land a big PI case or a fiction w daltestbank106/26/17
I'm an attorney, my wife has dreams of becoming a fiction wr hairypalms06/26/17
Imagine if you weren't an attorney and never went to law sch bucwild06/26/17
Every law school, even a t3 or a t4, has at least one alum w flyer1406/26/17
The only successful writers on JDU write for judges or write vohod06/26/17
https://www.amazon.com/Taken-T-Rex- Dinosaur-Erotica-Christie 3lol06/26/17
Do both and see which one bites first. isthisit06/26/17
Steve Martini dominates. redlectroid06/28/17
Isnt this because we know more lawyers? Id imagine if I went daltestbank106/26/17
Also, a pi lawyer would need to have a 3mm case to make 1mm, daltestbank106/26/17
It may be more difficult for a writer, but at least they don rwhyan06/26/17
Making 1 million over a lifetime? The lawyer. $50k x 20 yrs rastaman06/26/17
With the lawyer though you have an average of over $140,000 vohod06/26/17
I personally know several multimillionaire lawyers. Can't sa 2breedbares06/26/17
what practice areas? canon8306/30/17
All plaintiffs side lawyers, e.g. PI trial lawyers or class 2breedbares06/30/17
My wife went to graduate school for a liberal arts degree an defectoantesto06/26/17
The attorney without a doubt. Almost all attorneys from T3 a thirdtierlaw06/26/17
Yeah, the odds of a small-time lawyer happening upon a big c onehell06/30/17
what's funny is that if you make $50k/yr and work fro 25 to dingbat07/03/17
daltestbank1 (Jun 26, 2017 - 2:14 am)

Median from a t3 hoping to land a big PI case or a fiction writer hoping to land a best selling novel?

Reply Like (0)
hairypalms (Jun 26, 2017 - 7:32 am)

I'm an attorney, my wife has dreams of becoming a fiction writer. I keep telling her not to quit her day job. Do you have any idea how hard it is to make money as a writer in this day and age with blogs, self-publishing, saturation of written materials? Without a doubt, the T3 grad has a better chance of making $1M, hands down. But then again, I've been know to be a "dream killer." I prefer realist.

Reply Like (0)
bucwild (Jun 26, 2017 - 7:44 am)

Imagine if you weren't an attorney and never went to law school. You would probably still know somebody, through no more than 3 or 4 degrees of separation, that has landed a $1 million case. I doubt you know anyone who has authored a best selling novel. That should tell you the answer.

Reply Like (0)
flyer14 (Jun 26, 2017 - 8:03 am)

Every law school, even a t3 or a t4, has at least one alum who made it big... and they're brought in regularly to showcase the virtues of the quality legal education provided and how "our law school produces some heavy hitters." The law school makes a point to ensure you know who that person is.

You're less likely to know a best-selling author.

Reply Like (0)
vohod (Jun 26, 2017 - 8:07 am)

The only successful writers on JDU write for judges or write erotic fiction directed towards women.

Reply Like (0)
3lol (Jun 26, 2017 - 4:33 pm)

https://www.amazon.com/Taken-T-Rex-Dinosaur-Erotica-Christie-ebook/dp/B00FI9JFFO

Reply Like (0)
isthisit (Jun 26, 2017 - 9:42 am)

Do both and see which one bites first.

Reply Like (0)
redlectroid (Jun 28, 2017 - 3:21 am)

Steve Martini dominates.

Reply Like (0)
daltestbank1 (Jun 26, 2017 - 1:21 pm)

Isnt this because we know more lawyers? Id imagine if I went to writing workshops and stuff I would know more authors with that kind of income

Reply Like (0)
daltestbank1 (Jun 26, 2017 - 1:22 pm)

Also, a pi lawyer would need to have a 3mm case to make 1mm, fyi

Reply Like (0)
rwhyan (Jun 26, 2017 - 2:00 pm)

It may be more difficult for a writer, but at least they don't have to rack up six figures of debt to find that out.

Reply Like (0)
rastaman (Jun 26, 2017 - 2:02 pm)

Making 1 million over a lifetime? The lawyer. $50k x 20 yrs is a million bucks. This will happen. But as a writer, your chance is probably fractions of a percent.

Making 1 million in a year? Probably about the same. .001-.01% chance, give or take

Reply Like (0)
vohod (Jun 26, 2017 - 2:08 pm)

With the lawyer though you have an average of over $140,000 in loans at 6% interest. You need close to 50 years of working to actually "enjoy" that million.

That said there are a lot of bottom tier lawyers like me earning over $50,000. There are not a lot of bottom tier writers making even $15,000 on their writing.

Reply Like (0)
2breedbares (Jun 26, 2017 - 3:37 pm)

I personally know several multimillionaire lawyers. Can't say I know any even somewhat well-off authors if writing is their first career.

Reply Like (0)
canon83 (Jun 30, 2017 - 11:57 am)

what practice areas?

Reply Like (0)
2breedbares (Jun 30, 2017 - 12:42 pm)

All plaintiffs side lawyers, e.g. PI trial lawyers or class action attorneys.

Reply Like (0)
defectoantesto (Jun 26, 2017 - 4:55 pm)

My wife went to graduate school for a liberal arts degree and got to know several people working on graduate degrees in creative writing. If you want to see delusional, egotistic, "special snowflake" types, it is this crowd. They were always trumpeting their "publications" but the vast majority were just submitting their work to artsy websites. One guy wrote an actual book that got published on actual bound pieces of paper but he was also 50 years old and had been sending out manuscripts for longer than the other students had been alive. Most were mired in debt from years of higher education and had even less of a realistic opportunity to pay it back than your average law grad. Much like the legal market, the writer market is massively oversaturated. And my guess is that with the primacy of the internet in people's lives fewer and fewer books are being published or read. "Writer" is a career path that, for the average joe, makes "T3 law grad" look pretty good by comparison.

Reply Like (0)
thirdtierlaw (Jun 26, 2017 - 4:57 pm)

The attorney without a doubt. Almost all attorneys from T3 and T4 schools are relegated to s-law, which includes PI. PI is one of those fields where if the right cases are walking through the door, you can make the majority of biglaw salaries look mediocre. Maybe you won't make a million off one case but if you have 6 $500,000 plus some smaller cases settlements in a year, you're there. The large majority of PI attorneys won't be anywhere close to making a million dollars a year or even every 10 years. But there are a quite a few out there.

As for authors, even extremely well-selling authors have day jobs. I'd roll the dice on a PI spot vs. becoming an author. I guess the nice thing is that they aren't mutually exclusive.

Reply Like (0)
onehell (Jun 30, 2017 - 3:11 pm)

Yeah, the odds of a small-time lawyer happening upon a big case are remote, but real. The odds of being the next JK Rowling, however, are lottery-level.

That said, just landing the case is far from enough. You'd have to be competent to handle it, have the capital to front the costs, etc. So even if a case that good does randomly walk in the door one day, odds are good that at some point you're going to face a lot of pressure to bring in some much more seasoned trial lawyer who will take a big chunk of what would otherwise be your end.

Reply Like (0)
dingbat (Jul 3, 2017 - 8:45 am)

what's funny is that if you make $50k/yr and work fro 25 to 65, you've earned a million

Reply Like (0)
Post a message in this thread