If you left Big Law…

Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:So these husbands are indentured servants? Make X minimum salary forever or else? Or else what?


I mean that is called being a man. You decide how to structure your life. If the idea was that biglaw could go away any second you would keep spouse working and save like crazy. If you go the route that OP's family did here -- it is on the spouse in biglaw --- one thing if he was fired or could not bring in enough work but otherwise you do not get to leave. You made the choice --- if you watch what you do -- no reason you cannot make the move at age 50ish. But have that as your plan. You gave up on the other job when you went this route.


No. It’s called people can change their minds and they adjust accordingly. It’s not some sort of permanent servitude so you never have to work. I feel sorry for your husband.


DP.

Oh please. Grow up.

As is the case in every other aspect of life, there are consequences and processes involved in changing your mind. That's life. He needs to suck it up for a little longer.

OP was working at home, catering to this man's every need.


If OP was a man with a biglaw wife, your response would be completely different. I’ve never heard the phrase “grow up” from someone mature.


What's your solution, Mature One?

Her DH makes 183k and she goes back to school while they pay for preschool?

Or they sell their house and move somewhere cheaper?

They are not making it in Bethesda on 183k .


This. He can take a pay cut but it’s going to require a complete restructuring of their life with the assumption he will never go back, because that’s what’s most likely. And that will likely mean giving up other things he wants, like working a prestigious post at Main Justice. Choices have consequences.

If I were his wife I’d be freaking out because he seems to be indulging in a complete fantasy about how this will play out. The plan to spend down their savings to avoid the reality of how this move doesn’t fit with their current burn rate is alarming.


This is the risk a woman takes when she puts all of her financial eggs in her husband's basket. I'm sure her husband understands exactly what needs to happen for this to work financially, but he's just knows his wife is going to freak out about the end of the gravy train.


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.
Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:So these husbands are indentured servants? Make X minimum salary forever or else? Or else what?


I mean that is called being a man. You decide how to structure your life. If the idea was that biglaw could go away any second you would keep spouse working and save like crazy. If you go the route that OP's family did here -- it is on the spouse in biglaw --- one thing if he was fired or could not bring in enough work but otherwise you do not get to leave. You made the choice --- if you watch what you do -- no reason you cannot make the move at age 50ish. But have that as your plan. You gave up on the other job when you went this route.


No. It’s called people can change their minds and they adjust accordingly. It’s not some sort of permanent servitude so you never have to work. I feel sorry for your husband.


DP.

Oh please. Grow up.

As is the case in every other aspect of life, there are consequences and processes involved in changing your mind. That's life. He needs to suck it up for a little longer.

OP was working at home, catering to this man's every need.


If OP was a man with a biglaw wife, your response would be completely different. I’ve never heard the phrase “grow up” from someone mature.


What's your solution, Mature One?

Her DH makes 183k and she goes back to school while they pay for preschool?

Or they sell their house and move somewhere cheaper?

They are not making it in Bethesda on 183k .


This. He can take a pay cut but it’s going to require a complete restructuring of their life with the assumption he will never go back, because that’s what’s most likely. And that will likely mean giving up other things he wants, like working a prestigious post at Main Justice. Choices have consequences.

If I were his wife I’d be freaking out because he seems to be indulging in a complete fantasy about how this will play out. The plan to spend down their savings to avoid the reality of how this move doesn’t fit with their current burn rate is alarming.


This is the risk a woman takes when she puts all of her financial eggs in her husband's basket. I'm sure her husband understands exactly what needs to happen for this to work financially, but he's just knows his wife is going to freak out about the end of the gravy train.


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.
Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:So these husbands are indentured servants? Make X minimum salary forever or else? Or else what?


I mean that is called being a man. You decide how to structure your life. If the idea was that biglaw could go away any second you would keep spouse working and save like crazy. If you go the route that OP's family did here -- it is on the spouse in biglaw --- one thing if he was fired or could not bring in enough work but otherwise you do not get to leave. You made the choice --- if you watch what you do -- no reason you cannot make the move at age 50ish. But have that as your plan. You gave up on the other job when you went this route.


No. It’s called people can change their minds and they adjust accordingly. It’s not some sort of permanent servitude so you never have to work. I feel sorry for your husband.


DP.

Oh please. Grow up.

As is the case in every other aspect of life, there are consequences and processes involved in changing your mind. That's life. He needs to suck it up for a little longer.

OP was working at home, catering to this man's every need.


Is this a joke? Seriously, what is wrong with you?
Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:So these husbands are indentured servants? Make X minimum salary forever or else? Or else what?


I mean that is called being a man. You decide how to structure your life. If the idea was that biglaw could go away any second you would keep spouse working and save like crazy. If you go the route that OP's family did here -- it is on the spouse in biglaw --- one thing if he was fired or could not bring in enough work but otherwise you do not get to leave. You made the choice --- if you watch what you do -- no reason you cannot make the move at age 50ish. But have that as your plan. You gave up on the other job when you went this route.


No. It’s called people can change their minds and they adjust accordingly. It’s not some sort of permanent servitude so you never have to work. I feel sorry for your husband.


DP.

Oh please. Grow up.

As is the case in every other aspect of life, there are consequences and processes involved in changing your mind. That's life. He needs to suck it up for a little longer.

OP was working at home, catering to this man's every need.


If OP was a man with a biglaw wife, your response would be completely different. I’ve never heard the phrase “grow up” from someone mature.


What's your solution, Mature One?

Her DH makes 183k and she goes back to school while they pay for preschool?

Or they sell their house and move somewhere cheaper?

They are not making it in Bethesda on 183k .


This. He can take a pay cut but it’s going to require a complete restructuring of their life with the assumption he will never go back, because that’s what’s most likely. And that will likely mean giving up other things he wants, like working a prestigious post at Main Justice. Choices have consequences.

If I were his wife I’d be freaking out because he seems to be indulging in a complete fantasy about how this will play out. The plan to spend down their savings to avoid the reality of how this move doesn’t fit with their current burn rate is alarming.


This is the risk a woman takes when she puts all of her financial eggs in her husband's basket. I'm sure her husband understands exactly what needs to happen for this to work financially, but he's just knows his wife is going to freak out about the end of the gravy train.


Isn’t it more the risk a man takes when he marries a man with no meaningful career prospects?
Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:So these husbands are indentured servants? Make X minimum salary forever or else? Or else what?


I mean that is called being a man. You decide how to structure your life. If the idea was that biglaw could go away any second you would keep spouse working and save like crazy. If you go the route that OP's family did here -- it is on the spouse in biglaw --- one thing if he was fired or could not bring in enough work but otherwise you do not get to leave. You made the choice --- if you watch what you do -- no reason you cannot make the move at age 50ish. But have that as your plan. You gave up on the other job when you went this route.


No. It’s called people can change their minds and they adjust accordingly. It’s not some sort of permanent servitude so you never have to work. I feel sorry for your husband.


DP.

Oh please. Grow up.

As is the case in every other aspect of life, there are consequences and processes involved in changing your mind. That's life. He needs to suck it up for a little longer.

OP was working at home, catering to this man's every need.


If OP was a man with a biglaw wife, your response would be completely different. I’ve never heard the phrase “grow up” from someone mature.


What's your solution, Mature One?

Her DH makes 183k and she goes back to school while they pay for preschool?

Or they sell their house and move somewhere cheaper?

They are not making it in Bethesda on 183k .


This. He can take a pay cut but it’s going to require a complete restructuring of their life with the assumption he will never go back, because that’s what’s most likely. And that will likely mean giving up other things he wants, like working a prestigious post at Main Justice. Choices have consequences.

If I were his wife I’d be freaking out because he seems to be indulging in a complete fantasy about how this will play out. The plan to spend down their savings to avoid the reality of how this move doesn’t fit with their current burn rate is alarming.


This is the risk a woman takes when she puts all of her financial eggs in her husband's basket. I'm sure her husband understands exactly what needs to happen for this to work financially, but he's just knows his wife is going to freak out about the end of the gravy train.


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.
Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:So these husbands are indentured servants? Make X minimum salary forever or else? Or else what?


I mean that is called being a man. You decide how to structure your life. If the idea was that biglaw could go away any second you would keep spouse working and save like crazy. If you go the route that OP's family did here -- it is on the spouse in biglaw --- one thing if he was fired or could not bring in enough work but otherwise you do not get to leave. You made the choice --- if you watch what you do -- no reason you cannot make the move at age 50ish. But have that as your plan. You gave up on the other job when you went this route.


No. It’s called people can change their minds and they adjust accordingly. It’s not some sort of permanent servitude so you never have to work. I feel sorry for your husband.


DP.

Oh please. Grow up.

As is the case in every other aspect of life, there are consequences and processes involved in changing your mind. That's life. He needs to suck it up for a little longer.

OP was working at home, catering to this man's every need.


If OP was a man with a biglaw wife, your response would be completely different. I’ve never heard the phrase “grow up” from someone mature.


What's your solution, Mature One?

Her DH makes 183k and she goes back to school while they pay for preschool?

Or they sell their house and move somewhere cheaper?

They are not making it in Bethesda on 183k .


This. He can take a pay cut but it’s going to require a complete restructuring of their life with the assumption he will never go back, because that’s what’s most likely. And that will likely mean giving up other things he wants, like working a prestigious post at Main Justice. Choices have consequences.

If I were his wife I’d be freaking out because he seems to be indulging in a complete fantasy about how this will play out. The plan to spend down their savings to avoid the reality of how this move doesn’t fit with their current burn rate is alarming.


This is the risk a woman takes when she puts all of her financial eggs in her husband's basket. I'm sure her husband understands exactly what needs to happen for this to work financially, but he's just knows his wife is going to freak out about the end of the gravy train.


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.
Anonymous
He’s going to freak out when he has to buy a suit at Joseph a bank and they have to budget for it.
Anonymous
Anonymous wrote: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.
Anonymous
Anonymous wrote:
Anonymous wrote: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.
Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:So these husbands are indentured servants? Make X minimum salary forever or else? Or else what?


I mean that is called being a man. You decide how to structure your life. If the idea was that biglaw could go away any second you would keep spouse working and save like crazy. If you go the route that OP's family did here -- it is on the spouse in biglaw --- one thing if he was fired or could not bring in enough work but otherwise you do not get to leave. You made the choice --- if you watch what you do -- no reason you cannot make the move at age 50ish. But have that as your plan. You gave up on the other job when you went this route.


No. It’s called people can change their minds and they adjust accordingly. It’s not some sort of permanent servitude so you never have to work. I feel sorry for your husband.


DP.

Oh please. Grow up.

As is the case in every other aspect of life, there are consequences and processes involved in changing your mind. That's life. He needs to suck it up for a little longer.

OP was working at home, catering to this man's every need.


If OP was a man with a biglaw wife, your response would be completely different. I’ve never heard the phrase “grow up” from someone mature.


What's your solution, Mature One?

Her DH makes 183k and she goes back to school while they pay for preschool?

Or they sell their house and move somewhere cheaper?

They are not making it in Bethesda on 183k .


This. He can take a pay cut but it’s going to require a complete restructuring of their life with the assumption he will never go back, because that’s what’s most likely. And that will likely mean giving up other things he wants, like working a prestigious post at Main Justice. Choices have consequences.

If I were his wife I’d be freaking out because he seems to be indulging in a complete fantasy about how this will play out. The plan to spend down their savings to avoid the reality of how this move doesn’t fit with their current burn rate is alarming.


This is the risk a woman takes when she puts all of her financial eggs in her husband's basket. I'm sure her husband understands exactly what needs to happen for this to work financially, but he's just knows his wife is going to freak out about the end of the gravy train.


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.


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.
Anonymous
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!
Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:So these husbands are indentured servants? Make X minimum salary forever or else? Or else what?


I mean that is called being a man. You decide how to structure your life. If the idea was that biglaw could go away any second you would keep spouse working and save like crazy. If you go the route that OP's family did here -- it is on the spouse in biglaw --- one thing if he was fired or could not bring in enough work but otherwise you do not get to leave. You made the choice --- if you watch what you do -- no reason you cannot make the move at age 50ish. But have that as your plan. You gave up on the other job when you went this route.


No. It’s called people can change their minds and they adjust accordingly. It’s not some sort of permanent servitude so you never have to work. I feel sorry for your husband.


I am PP -- I am the husband. No you can't change your mind once you pass a certain point.
Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:So these husbands are indentured servants? Make X minimum salary forever or else? Or else what?


I mean that is called being a man. You decide how to structure your life. If the idea was that biglaw could go away any second you would keep spouse working and save like crazy. If you go the route that OP's family did here -- it is on the spouse in biglaw --- one thing if he was fired or could not bring in enough work but otherwise you do not get to leave. You made the choice --- if you watch what you do -- no reason you cannot make the move at age 50ish. But have that as your plan. You gave up on the other job when you went this route.


No. It’s called people can change their minds and they adjust accordingly. It’s not some sort of permanent servitude so you never have to work. I feel sorry for your husband.


DP.

Oh please. Grow up.

As is the case in every other aspect of life, there are consequences and processes involved in changing your mind. That's life. He needs to suck it up for a little longer.

OP was working at home, catering to this man's every need.


If OP was a man with a biglaw wife, your response would be completely different. I’ve never heard the phrase “grow up” from someone mature.


What's your solution, Mature One?

Her DH makes 183k and she goes back to school while they pay for preschool?

Or they sell their house and move somewhere cheaper?

They are not making it in Bethesda on 183k .


Solution is simple -- he stays.
Anonymous
Anonymous wrote:
Anonymous wrote: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.


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.
Anonymous
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.
post reply Forum Index » Money and Finances
Message Quick Reply
Go to: