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Money and Finances
Reply to "If you or your SO works in Big Law, I have questions for you!"
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[quote=Anonymous]Jeez -- why all the snarky comments?! (Thank you very much for the helpful information, 16:05 and 16:17!) We're just trying to gather as much info as possible to make an informed decision. A few more questions -- for non-equity partners, there is obviously no capital contribution. But what about health care? Do you still pay the whole tab yourself? Or does the firm subsidize a portion? For equity partners, is the capital contribution a pre-tax or post-tax expense? I knew that equity partners had to "buy into" the partnership but had no idea the capital requirement was as high as 30% for so many years. Once you leave the firm, do you get that money back? I realize parking is not the same type of benefit as health insurance. I just wanted a ballpark figure, as that will be an additional expense of switching jobs. Sorry if these are stupid questions. This is a whole new world for us.[/quote]
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