| Agree comments are tone deaf. I wonder though when the people making the comments bought their homes. Even in “regular” neighborhoods in DC homes are becoming unaffordable on what are high double incomes of $250-300k. So even on a big firm salary some might actually fee anxiety about being able to afford their homes at another job. Not saying they should complain but adding a comment on how crazy the cost of housing has become. |
It’s true. Even in 2016, we didn’t buy in a “normal” DC neighborhood because we recognized it would mean big time golden handcuffs (toughed out an hour long each way commute). And look how much worse that has gotten. |
I mean, hard disagree on the first part of your reply here. When you say "if you wanted to, you would" I pretty much always feel that the understanding is that yes, of course the thing you want to do is difficult. It's the kind of thing you say to someone who frequently laments that they simply can't do [x thing that other people do but does require some effort] because x,y,z. It's not the same as saying "it's easy!" It's a way of saying that if something is really a priority to you, you will find a way to make it happen. And conversely that if someone has been saying they want something for several years and never seem to make any progress on it, it must not actually be a priority for them. |
And that’s your ignorance. It can easily take several years to land either a fed gov or a local in house counsel job. Easily. |
This is true, but also an example of WHY it's tone deaf -- if a biglaw attorney finds housing unaffordable, thing what someone with a more "normal" income feels about it. It's not like they just raised the cost of housing for very well-paid lawyers. And biglaw has actually raised salaries substantially over the last 10-15 years in the way that most other jobs have not. That might make it harder for a biglaw lawyer to justify leaving their job, but it's also going to make anyone else even less sympathetic to their "plight." Everyone deals with skyrocketing housing costs. |
And? So? OP isn't talking about people who are currently in the process of trying to exit biglaw but struggling to find the right position (I'm betting that, having done this precise thing, OP would actually be quite empathetic to that situation and be a great friend to confide in). OP is talking about people who are saying they could not possible quit their biglaw job, even if someone handed them a perfectly good job making 180k with great work life balance tomorrow, because OMG it's not possible to live on 180k, that's like being poor! You are so caught up in your personal drama of struggling to find a job that you are missing the point entirely here. I'm sorry your job search has been challenging -- I personally relate to that, having been through it. It is not the topic of conversation here. |
Don't lie to yourself, if you don't want to lie to themselves. |
OP has no idea if these people are trying to leave. |
| The comp for senior associates and partners is so much greater (by orders of magnitude) than what a dual fed HHI of $350k is that it’s frankly shocking when clueless big law types talk about how they can’t afford to leave. It’s like no, you don’t want to change your lifestyle. Are you actually saying you couldn’t afford to live on GS15? |
She has stated several times that she's talking explicitly about people who tell her "I'd love to leave but I just don't see how it would be possible financially." |
They have no perspective. So many of these lawyers have never really had to live on anything other than a biglaw salary, so they don't understand why it is like for average white collar professionals. They either went straight to law school from undergrad, or they may have worked for some amount of time but either in a high paying field (consulting, finance) or were heavily subsidized by parents. They've always been surrounded by people who are UMC or above, and have no concept of living any other way. I mean, even in DC where COL is very high, the idea that someone would simply not think it was possible to live on 200-300k is an indication of the level of myopia we're talking about here. I think in some cases they truly don't know how that you can, in fact, buy a perfectly nice family home close in for 800-900k, that there are good public schools in the area that plenty of smart, caring parents are enthusiastic about sending their kids to, that you can take a perfectly lovely vacation for a family of 4 on a few thousand dollars, and do that twice a year and feel pretty satisfied. They literally just don't know. It's George P. Bush not knowing how much a gallon of milk costs vibes. They are simply out of touch. |
It's just risk-aversion. FWIW I would never buy an 800K home on a 200K salary. Again, extreme risk-aversion. |
You might if you had 300-400k to put down, which is not out of the question for someone who has been making BigLaw money for 5-6 years. But it would require you to live more frugally than most BigLaw associates want to live -- they feel like they lived like paupers in law school (even when they didn't, and instead funded a pretty nice lifestyle with loans, which will also make it harder to save because you'll have more loans to pay down) and the want the nice apartment and nice clothes and nice vacations, etc. Choices, choices, choices. |
| I think many of you have a very distorted view of how BigLaw employees live. The lifestyle you're describing might fit the top partners. It is not that of an associate or a service partner. |
What lifestyle do you think people are describing? Certainly, an associate or service partner makes more than 150k a year… |