In house lawyers- what’s your plan B if you are laid off
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Anonymous
| Day trade. I am up 30k this week while in the office. |
Anonymous
I think most lawyers do live on 200K a year or less. |
Anonymous
| Um yes. What an out of touch post. |
Anonymous
| Why does it have to be Biglaw? My spouse is a partner at a boutique firm that many would not have heard of and pulls down 700Kish--more than enough to live well on. |
Anonymous
DH started in Big Law. He was laid off in 2008 during the financial crisis. He found (what became) a great in-house gig for 8 years but they eventually sold to private equity and got rid of a ton of “redundancies” including him. He then hopped to a few other in-house jobs (some as GC) that were all not great for one reason or another (usually to do with funding or bad management) and ended up back at a firm several years later. He’s now an equity partner (not big law, more mid sized) and says he is staying put. The hours were better in-house by far, but he has much more control now. He has more work than he can handle and can essentially choose his clients and work. He is just socking money away and planning to retire early. TL/DR - good, stable in-house gigs proved hard to find for him. The first one turned out to just be luck (until it ended.) |
Anonymous
| Honestly, my loans are paid off so I'd consider doing something else entirely. |
Anonymous
Live well where? |
Anonymous
DP. You can live well on 700k anywhere. Especially if you are used to in-house pay, like the topic of this thread. |
Anonymous
| Use my GI bill to switch careers and become a nurse |
Anonymous
| Retire |