I don’t know a single person making 7 figures

[Anonymous]

I don’t know anyone who does either (I mean I know they make a lot but I’ve never discussed salary). But honestly 1M pre-tax isn’t that much in this area. It’s pretty easy to blow that much on a nice house with a good commute, a few kids in private school, kids activities, etc. I think that in this area you would need more like 2M to live the lifestyle you imagine you could get for 1M.

[Anonymous]

I have a sibling who does (my only sibling, keeps me in place after being the kid everyone thought would be the rock star). But it is unusual. In my own circle many make six figures, even high six figures.

Truth is probably a combo of lawyer salaries being this way at partner and the age-old fact that no one knows you are a dog on the internet … as the classic New Yorker cartoon goes.

[Anonymous]

Anonymous wrote:A lot of the posts are fake.

+100

Everyone is anonymous. Everyone is lying about a lot of things. Salary, HHI, college admissions, sex life. Take everything you read with a grain of salt. It’s entertainment.

[Anonymous]

I’m in Fairfax co and work as a fed. I don’t know anyone who makes more than maybe $300k. I’m not friends with anyone in law, finance or a successful business owner. I’m sure the people buying the new build $2m houses in our neighborhood are that high earning, but I haven’t formed any sort of relationship with them.

[Anonymous]

Most partners in accounting or consulting firms end up making that much.

[Anonymous]

Anonymous wrote:A lot of well paid lawyers on this thread. But reminder: No one on earth makes more money than successful business owners. The super rich don't get that way because someone is paying them a salary. They get rich from owning businesses that become incredibly valuable.

Very true.

Lawyers do, however, know how to read something, identify relevance, and respond accordingly.

You keep harping on business owners having a better chance of becoming “super rich”. No sh$t. It’s an entirely different risk-reward calculus: exponentially more absolute failures, proportionally much less likely to be a moderately successful low-level millionaire, and a slightly greater but still infinitesimally small likelihood of becoming “super rich”.

In any case, that’s not at all the subject of this thread, so I don’t know why you keep posting different variations of the same statement.

Oh wait, yes I do. Envy and insecurity.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Biglaw

Biglaw = Bigliars. Most people in BigLaw aren’t making nearly as much as they anonymously advertise on sites like this. They’re almost always living well beyond their means and operating at the grace of extensive family money.

So, I know some people who say they’re making a ton of money are lying, but some who accuse others of being liars are liars themselves. Or just misinformed. Out of maybe 100 big law attorneys I know, exactly two come from extensive family money.

I think that most families who have real generational wealth wouldn’t encourage their kids to do law. They’d encourage business/finance instead. A lawyer who is making a million dollars a year at a big law firm isn’t rich, he is a service worker for the rich. That doesn’t mean he’s lying about his income.

[Anonymous]

Anonymous wrote:

Anonymous wrote:If you live in DC or a “nice” suburb (ie SFHs in the $1.5MM+ range), you know plenty. Making a million dollars ain’t what it used to be.

I’m a biglaw partner and most of my neighbors don’t know it. Let alone understand what that means in terms of income (except for the other lawyers). Especially post-2020 since I mostly bum around in jeans and a t shirt and spend a lot more time outside, playing with my kids, running errands.

Or what it means in terms of ethical behavior. Nice to know that you’re proud of defrauding your clients and stealing their money while bumming around in a t-shirt, playing with your kids, and running errands instead of dedicating your time to their important cases. And we wonder why the only good lawyer is a dead one?!?

LOL, what are you even talking about? Do you understand how space-time works? Sometimes lawyers are doing client work. Other times they are not. And biglaw partners have near complete autonomy over schedule (so long as clients are kept happy).

So, with WFH 4-5 days per week, there is little need for business dress and plenty of time to go spend a few hours with my kid when I feel like it. Insofar as you sound like a cruel and generally shabby person, I enjoy that this inspires such psychotic rage in you.

[Anonymous]

A couple people in my circle at at this level. All are business owners, all in tech. I have no doubt big law partners are at this level too, they just aren't in my circle.

[Anonymous]

I know at least 15 people, there could be more but I am sure of these 15. They are a mix of tech entrepreneurs, big law partners, 2 doctors, tech consultants, business owners etc.

DH and I make combined 900k, so a little under 1 mil, he makes 750k (IT), I make 155k. I live in McLean, there are plenty of big earners around us.

[Anonymous]

Anonymous wrote:I know at least 15 people, there could be more but I am sure of these 15. They are a mix of tech entrepreneurs, big law partners, 2 doctors, tech consultants, business owners etc.

DH and I make combined 900k, so a little under 1 mil, he makes 750k (IT), I make 155k. I live in McLean, there are plenty of big earners around us.

How do you know what they make?

[Anonymous]

Big law can have high annual income but it’s people with big equity stakes and maybe lower annual income who create a lot of net worth. I had a few years with 7 figure income but had two equity stakes of $15-25 million.

[Anonymous]

Anonymous wrote:I don’t know anyone who does either (I mean I know they make a lot but I’ve never discussed salary). But honestly 1M pre-tax isn’t that much in this area. It’s pretty easy to blow that much on a nice house with a good commute, a few kids in private school, kids activities, etc. I think that in this area you would need more like 2M to live the lifestyle you imagine you could get for 1M.

Sighhh. So we’ve now reached the point in DCUMisms that $1 million per year in income is not that much. Lol ok. Wasn’t the “not that much” number like $300K a few years back?

[Anonymous]

Anonymous wrote:I don’t know anyone who does either (I mean I know they make a lot but I’ve never discussed salary). But honestly 1M pre-tax isn’t that much in this area. It’s pretty easy to blow that much on a nice house with a good commute, a few kids in private school, kids activities, etc. I think that in this area you would need more like 2M to live the lifestyle you imagine you could get for 1M.

try harder

[Anonymous]

Anonymous wrote:

Anonymous wrote:I don’t know anyone who does either (I mean I know they make a lot but I’ve never discussed salary). But honestly 1M pre-tax isn’t that much in this area. It’s pretty easy to blow that much on a nice house with a good commute, a few kids in private school, kids activities, etc. I think that in this area you would need more like 2M to live the lifestyle you imagine you could get for 1M.

Sighhh. So we’ve now reached the point in DCUMisms that $1 million per year in income is not that much. Lol ok. Wasn’t the “not that much” number like $300K a few years back?

It's just a troll.