Reply to If you left biglaw as an associate

Forum Index » Money and Finances

Reply to "If you left biglaw as an associate"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous]My BFF accomplished what I think you're trying to do (DH and I were also big firm lawyers leaving in our 5th yrs and like the PP above -- left with the type of NW 18:09 is describing).

OTOH my BFF -- stayed in firm life until yr 8-9 when she was pushed out bc of not making partner. Left with a NW of 3/4 of a million. She had law school loans but they weren't huge as far as loans go -- probably 75-100k. Staying until year 8 was beneficial bc bonuses become much larger in later years, though you have to be willing to stay and work 24-7 bc firms tend to push out a lot of people before the can even get past the mid level yrs. She also got into investing in a big way in her 5th-6th yrs so she was able to grow her NW that way. And let's be honest a lot of this is how you want to live and work. For my BFF -- lived in a nice area but a very normal/not lavish apartment bc she was only going there to sleep and shower; she took maybe 2 vacations in 8 yrs -- both to Florida staying at Hiltons. But for her, she didn't feel like she was missing out by not vacationing in Europe or getting a bigger apt (this was in NYC - houses aren't an option) bc she honestly lived to work.

She was really down after she didn't make partner and was told to go -- she didn't secure a job before leaving, didn't look for work for like a yr, and as her parents/friends were getting worried about what she'd do financially -- she then let it be known that she wasn't worried due how much she had amassed. 2 yrs later, she has the kind of 150k job that you mention, and I don't get the sense she's financially concerned. I have to imagine this combo of going the distance on the associate path, saving, maximizing via investing, and frugal-ish living isn't super common though. Other than her, I've never heard of other associates feeling like they are "set" when they leave. DH and I certainly weren't, nor were our other mutual friends from what we can tell.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics