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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Going from partner of counsel is a terrible idea unless the person is nearing retirement. OP, I think you just don't want to work? You could be a public school kindergarten teacher and bring in a good salary with benefits. Your husband would indeed need to step up and do more childcare and housework. Alternatively, he goes to government and you guys significantly belt tighten. My husband makes 120k, our mortgage is 3k, and we dont live off savings. We budget and live within his salary in the DC area. You should not live off savings unless he is one hundred percent certain he will go back into big law. And why would he? Why would he be willing to do biglaw in a few years if not now?[/quote] How would you know that it is a terrible idea--especially if the alternative is that this partner will leave the firm for a government job ? If the responses in this thread are by lawyers, you should know better than to state conclusions without knowing the particulars.[/quote] I am a lawyer. I cannot imagine working hard to make partner and then giving that up to be a counsel after a year. It would look weird. It is harder to bring in business as a counsel. Associates and support staff don't work for you as intently or prioritize your work as much. Counsels often work just as hard but for less respect, pay, control over your life, etc. Deciding to just shoot for counsel and not buy into the partnership is one thing. Negotiate a decent salary, perhaps lower hours. Momm track. But gunning for partner, making it, paying in, and then saying, "Nah, I want to be counsel"? You are screwing yourself over and everyone will be wondering, hmm, what happened there?[/quote]
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