Sabitlenmiş Tweet
Restless
1.8K posts
Those salaries are way too low. The main justification for those salaries being what they are is that billable work brings in revenue. Hence, the value added by those in these AI specialist positions depends on how much they can increase the profitability of lawyers, which, realistically, wouldn’t be by much given that billables would stay the same.
As such, the focus should be on cost-cutting. If you can save your firm $200k+ in the cost of hiring a new lawyer to handle the additional work, then you can justify a much higher compensation under a firm-wide cost-saving argument. Now this becomes a much more interesting discussion when you consider that an increase in the volume of work normally also requires an increase in the number of lawyers.
Only if the partners deciding on the compensation knew one or two things about business management, but unfortunately they don’t, as they’re all JDs.
Bloomberg Law@BLaw
The director of artificial intelligence is Big Law’s hot new job, paying anywhere from $200,000 to more than $400,000 a year. Read more: bit.ly/44n7UKC
English
PE guys will say JD are useless, lawyers do not add much value & could be easily replaced by AI, and how they could run the entire legal work by themselves (with the help of AI), to eventually still end up paying $8M in legal fees
John Caple@BigJohn043
This is easy. You go to a good school and do well while graduating with a useless degree like political science or philosophy. You can't get a good job and all you have ever done is go to school to you continue that with law school. Once there everyone is competing for big law jobs so you do that as well. Once you get to big law if you can succeed it is a pretty straight path to making a lot of money.... I wouldn't recommend law school for almost anyone. Satisfaction rates are some of the lowest of any professional and the idea of law school as "training" is nuts.....
English
Restless retweetledi
“I’M NOT TALKING ABOUT SOME $400,000-A-YEAR WORKING WALL STREET STIFF…
I’M TALKING ABOUT LIQUID. RICH ENOUGH TO HAVE YOUR OWN JET. FIFTY, A HUNDRED MILLION DOLLARS, JERRY. A PLAYER. OR NOTHING.”
English
Restless retweetledi
@BoringBiz_ Modeling and making PowerPoint pitches don't rank quite high in terms of "fun" to me lol
in any case law is much more stable and safer and has a much higher comp once you reach Partner if you stick to it
English
Never thought investment banking hours could get worse until I started talking to big law associates
Legitimately work worse hours for work that is even more mundane with cultures that are often even more toxic than banking and private equity
Not to mention, need additional three years of schooling and potentially more student loans in the hundreds of thousands
Don’t know how they do it
English
"We are Wall Street. It's our job to make money. Whether it's a commodity, stock, bond, or some hypothetical piece of fake paper, it doesn't matter. We would trade baseball cards if it were profitable. I didn't hear America complaining when the market was roaring to 14,000 and everyone's 401k doubled every 3 years. Just like gambling, its not a problem until you lose. I've never heard of anyone going to Gamblers Anonymous because they won too much in Vegas. Well now the market crapped out, & even though it has come back somewhat, the government and the average Joes are still looking for a scapegoat. God knows there has to be one for everything."
Freedomain - with Stefan Molyneux, MA@StefanMolyneux
This movie was just a total lie and a cover-up. The 2007-2008 financial crisis was driven by the government forcing banks to lend to unqualified buyers in the name of DEI. Everything that happened was downstream of that.
English
Rhodesia is calling
they want their copyrights
Civixplorer@Civixplorer
Opinion on this Australian flag proposal?
English
Restless retweetledi
the universe has a strange habit of hiding life changing moments inside completely ordinary afternoons.
English
I can't believe I have to say this but it's incremental ROIC that matters, not ROIC
English
@shortbus_ace US banks being "robust" lol
polymarket.com/event/us-bank-…
polymarket.com/event/us-bank-…
English
A Canadian (and their joke of a banking system) just said the most robust banking system in the world is the worst
GIF
English
reading is still as valuable as before despite having AI split directly accessible "knowledge"
the value is in the quality of the questions one asks
after all, it's not the same having an Atomic Habits reader inquiring AI and a Godel Escher reader
BOSS@thebeautyofsaas
the whole you have to read books, or you are missing out is largely a psyop. neither reading books makes you more productive #1 reason you want to read is that it makes you a better thinker + puts you in a position to connect dots others can't no book > reading a mediocre book
English