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Reply to "If you have been a biglaw partner for 10+ years, how much wealth have you accumulated?"
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[quote=Anonymous]Agree that big accumulation in wealth starts at 5 yrs+ for big law partners, but I think that is due to where they are in their lives. DH just made partner, I make a good income, but right we are only worth about $2.5M. However, we are expecting our expenses to go down (we have 3 kids in daycare and are paying for assisted living for one parent) in the next few years, and then all the additional money will go toward savings/retirement. My FIL, who was partner at a midsize firm in the midwest for 40 years, accumulated about $10M in wealth, and they lived well - country club, annual vacations, nannies, paid for private schools/college/grad school all the way through for all 5 of their kids - and still live very well in retirement.[/quote]
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