I got with a "HOLD" yesterday morning from a school I am interested in. No other information other than saying they have reviewed my file once but have not made a decision yet - accept, deny, or WL.
I've heard mixed responses. Some people say to send an LOCI and others say to not do anything to not burden law school officers with more materials.
I have no idea what the best thing to do is. Should I send an LOCI or should I sit down and do nothing?
This is my perspective:
No school, not even HYS, is worth $380,000 in debt strictly for Big Law. That is a crippling amount of debt that will set you back years. People here need to realize that $380,000 is equivalent to taking out a mortgage for a home in America. It's unfathomable to think about.
Now say you did get into HYS and you have to pay $380,000. Assuming you applied broadly enough, if you are good enough to get into HYS, then you are probably good enough to get into the other T-14 schools with (hopefully) a scholarship. If Big Law is the only thing that matters, then at this point choose the cheaper T-14 school over HYS on pure sticker price.
T-14 is not the only path to Big Law. Sure, you will have to work harder and there is no guarantee but you can get to Big Law from many regional schools (depending on the region). For example --> Fordham to NYC, UIUC to Chicago, UNC to Charlotte, Emory to Atlanta and so forth.