| The fact that they haven’t discussed his career is a bad sign. It’s a horrible time to begin a job search but he should consider starting to think of his options. Hopefully, he’ll have plenty of time before he needs to make a move. |
It’s not a bad deal to be a govt attorney esp if you have a working spouse. I know some dual-govt-lawyer couples in my neighborhood and it seems like a good life (as long as you didnt get accustomed to two biglaw salaries). |
I wonder if they have discussed it with him and he's just not sharing it with you. It just seems incredibly unlikely that a 10+ year associate wouldn't have had a single conversation about long-term plans. I wonder if they have dangled partnership or a counsel position that never materialized, and he's just embarrassed to discuss. Agree with others that you need to talk to him directly about this, but I can see how this is awkward from your perspective. |
Can personally vouch. Is the money the same- not even close. But I average less than 40 hours a week and make over 120. Wife is also a GS 14. Our quality of life is much better now. |
Start working your connections and start applying. Expect it to take a year or so to find a good government position. Maybe longer if you're targeting a financial regulator (worthwhile because more $$$). |
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I do not think its shocking that no one has had a conversation with him. I am 8 years in and no one has had a conversation with me. I know that there is no partnership future for me, but I do good work and am needed, so I think its a mutually beneficial situation right now. I am thinking about leaving law all together after this, but for now am happy to bank the pay checks. My husband is a partner at another firm, so I am lucky enough that we don't need my biglaw salary long term.
I do think that he probably doesn't have an unlimited runway here, so he should probably start putting some feelers out and think about next steps. Since you aren't really working it doesn't sound like you all can afford to end up in the situation where they want him to leave and you all are scrambling. |
Just out of curiosity, when do lock-step pay increases stop in BigLaw? |
Year 8. |
I assume he makes way more than $240k, so wouldn’t you have much more than a 50% pay cut if he goes to gov or in-house (unless he is GC). Are you setup COL Wise to adjust to that? |
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Some firms have a 10-12 year partner track (generally on the longer end for laterals or those who took maternity leave), typically those that don't have a two tier partnership. That timeline could even be extended during the current period, as firms aren't likely to make people partner right now. Usually the counsel discussion happens around that same inflection point.
If he's worked for his current firm for 5+ years, how do you not know their standard partner track? When do they make people counsel? |
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Senior associates are useful for equity partners IF they can manage the junior associates and pretty much run things on a day to day basis — the risky part is when the junior folks get to that level, things may get top heavy.
If the firm does not have non-equity partners/counsel positions it may be that he’s a senior associate for a while, it’s getting harder and harder to make equity partner, as no one wants to make their cut smaller — there’s a really good WSJ article about this from about a year ago... Also, partner isn’t the guarantee it was 5-10-15years ago and seems like a more miserable existence, frankly. |
It’s disgusting that you’re online soliciting feedback on his limitations as a lawyer while you haven’t even come close to pulling in half of the family’s income. It might just make sense for him to dump you and find someone who is less entitled. |
| 5 to 8 years. End of story. |
| I think he should start thinking about what comes next. This basically happened to me - I was 10 years, my firm actually had been talking to me about making partner and I was definitely on track. But then Covid, and my practice went pretty quiet and now I’m out, with 6 months severance. I’ve found something else already so I’m OK and excited about my new thing, but it was a complete shock and it was a horrible time. A shock because obviously I knew I was quiet for a month or two but I thought since we were talking partnership they would at least let me ride it out and see how the practice took off again post-covid. But no - they were just looking to cut their costs as quickly as possible. |
I know several very, very good lawyers at AP who were kept as senior associates for quite a while. Years. One should have made partner and was offered counsel so he said to hell with that and became a partner at another firm. He is now making way more than AP would have paid him. He is getting to keep a larger share of want he is bringing in. AP was hoping to keep taking all the money he was bringing it in and not give him a fair share of the profits by keeping him as counsel and it backfired. AP lost the clients he took with him. Another friend should have been made counsel but they made her stay an associate and she is now in house. I got the impression both could have stayed on as senior associates (and he as counsel) rather indefinitely, but they realized that was kind of a sucky deal, especially since they both worked very long hours. AP’s newish management - at least when I was around it, from about 2009 to 2017 - really screws associates over by keeping them as associates rather than making them partner or at least counsel. And they’ve lost some good people - and a lot of profits when those people took their work with them - as a result. Maybe they have new management now. Don’t know. Op, nothing is stable now in law. You should always be saving money in anticipation of being fired or losing a client. Start saving now. And why are you being paid so little? Try to change that. I get not wanting to get a full time job now in the midst of a pandemic with a small child if it means your family can stay safer by not having daycare, etc. But I think you should focus on getting your career in better shape in the next year or two, rather than focusing entirely on your husband’s. Also, make sure your husband has good life insurance and good disability insurance, since you are placing your family’s economic security almost entirely in his basket. |