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Reply to "Yes, tiny violin - did anyone else struggle first years of law partnership?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]DH was in a very similar position except that while he was a mid-level associate, a young partner clued in DH. Basically, we saved a ton to try to stay ahead of the buyin, capital calls, deferred comp, quarterly taxes, etc. Sounds like OP started spending money and expanding lifestyle/expenses without calculating the future financial situation. Just how most others do it too. Still, a problem of your own making. [/quote] Oh, massive eye roll, lady. We bought a house. And sent a kid to school. Get over giving yourself gold stars for handling your husbands income so well. [/quote] Well besides having a partner telling DH about all the money he wouldn’t be making as a new equity partner, it helped that I also worked in big law but the partnership track was longer and didn’t have the big buy in DH’s firm had. You asked how people managed the struggle of the early partnership years, and I answered that we stayed ahead of it. No need to get emotional. [/quote] +1 Law partners are often married to other law partners, at least at the big firms I have worked for. [/quote]
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