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[quote=Anonymous][quote=Anonymous]2) If you're counting on $700k as a junior partner, you might want to double-check your math.  You know better than I do, so I'm not telling you you're wrong.  But, I think that's higher than most junior partners make in DC biglaw (certainly higher than my previous firm, which was biglaw but not V10 or anything.)  Make sure you're accounting for capital contributions, tax increases, retirement contributions, etc. when you're trying to figure out how much money you'll actually be seeing.  I think at my old firm it was more like $400-500k for new partners.[/quote]

This! Unless you're going straight to equity, I think that $700k sounds high right off the bat. It is considerable more than DH makes as an equity partner at an AmLaw 100 firm, but he doesn't litigate. If you switch from a W2 to a K1, whatever number you hear is not definitely not your net after insurance and taxes.

I left the biglaw rat race 6 years ago. It was a really tough thing to do identity-wise, but such a great thing to do for our family. Not only am I around more, I am able to be present when I'm home and not hopping around responding to email or calling whatever client is having the crisis of the day. Gone are the days of scheduling conference calls and writing briefs around the kids' weekend nap schedules. (And that's a good thing now that they don't nap!)

Good luck with your decision.[/quote]

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