It's a risk both of them took as a couple. He married her, so he will work with her to figure it out. That's marriage. It's perfectly reasonable for OP to freak out, and it's perfectly reasonable for her DH to want to dial down. |
Yes. But he's not forbidden from leaving BigLaw simply because at one point he decided to work in BigLaw and they bought a house in Bethesda. They have plenty of options, and OP doesn't have to like all of them. |
Is this a joke? Seriously, what is wrong with you? |
Isn’t it more the risk a man takes when he marries a man with no meaningful career prospects? |
Nah. The husband is fine going down to the Fed salary. Its the wife that has a problem with it. She can't "make" him stay in BigLaw. |
I don’t see how he’s fine with it given that he’s clearly delusional about what he actually needs to do to make it work. |
| He’s going to freak out when he has to buy a suit at Joseph a bank and they have to budget for it. |
He probably has plenty of nice suits from his big law days. They have a lot in savings and their child’s preschool is like $3K/year. They won’t have a ton of extra income if they stay in their home, but if OP can make $30-40K/year then that will give them wiggle room. He’ll also have a pension and they have $2M saved. |
His big plan is to spend down their savings. He’s a complete idiot. |
Where does OP say this? I think he’s minimizing it to keep HER off the ledge. He’s done Fed work before - he knows. |
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I think what we’ve learned from this thread is that OP is certainly not alone. Given the “enthusiastic” (maybe triggered is a better word?) responses on all sides of the issue, this is a weighty topic for families with a member in Big Law. What it does help to emphasize is how big the choice to even pursue the career can be. Cautionary tale for all kinds of disciplines where high pay is possible but not without sacrifice.
Good luck to your family, OP. You will find a solution, what’s Dr that may be. And good luck to everyone else who posted. Seems like a lot of people have stuff to work out. You will all get to your own peace and your own decision on priorities and timing. I have faith for each of you! |
I am PP -- I am the husband. No you can't change your mind once you pass a certain point. |
Solution is simple -- he stays. |
Perhaps but I wouldn’t discount how someone with a big law salary is used to spending money freely and has likely lost perspective. My DH will purchase a $900 pair of shoes, drop $400 on dinner and even just spent $300 on BS on a Saturday. We can do this because of our salaries. Dropping down to $180k will be a HUGE change. The DH will likely be shocked when he needs new shoes and is told to go to Macy’s after he gets paid next. Or when they want to grab dinner with friends but can’t afford the tab without dipping into savings. Trust me when I say this DH is going to be completely shocked. He is living a very comfortable life despite the hours and reality will hit hard. |
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I've been following this thread with some interest. I'm a woman in biglaw and the main breadwinner. Our pretax HHI is around 650K, with my DH bringing in around $130K of it as a non-lawyer fed. Our financials are not super different; retirement is only $950K and 529 is only $300K total (I think OP had more on both counts), but we have about $1.8 in brokerage accounts so about the same total. Our mortgage is higher and we have less equity, but also have some special circumstances that resulted in that -- i.e., parents who moved in with us so we can help with health issues but who happily contribute to mortgage/bills/etc -- and we left a very low mortgage ($2200) to accommodate them. We'd be happy to downsize house if my parents no longer needed the space.
My kids are 6 and 3 and I often think of leaving big law in the next 3-5 years. I don't think I want to be a partner, but I'm fairly confident I could stay in my counsel position for a while if I wanted to do so. Part of me thinks I should just to save up, pay for life, keep doing it while it feels manageable. Part of me would love to pursue other options (which have uncertain or certainly lower salaries) that I think I would enjoy more. The overwhelming majority of folks on this thread seem to think operating on fed salary and drawing down savings to fill the gap is insane, though, which would probably be our plan too. |