Reply to Big Law: Does anyone turn down a partnership opportunity?

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[quote=Anonymous]Go for partner, and then immediately switch to part time track.  I don't encourage anyone to quit their jobs, and my DH and I are both high earners (and I'm a biglaw partner), but at the same time, I don't envy anyone who are both "long hour duel earners".  My DH and I are both on a 35 hour a week kind of track and it's totally manageable.   I think it's unrealistic for you to think that your DH is going to be a busy doctor and you're going to be a punished biglaw lawyer. So start planning for the next stage now.  If PT is a possibility, then try it. But set limits.  Best case, it works out awesome and you don't have to quit.  Worst case, it doesn't work out and you're working a reasonable schedule and decide to quit.  Don't go PT and work crazy hours out of guilt, because there is literally no upside if you're ultimately going to quit.

I would definitely stay for partner and wait one full year before quitting (if you need to quit).  Partner title is much better for hiring and doesn't convey that you got pushed out.  Don't worry about the buy in. You'll probably be making nonequity in any event.

Pay down your loans.

How are you going to pay for multiple kids to go to private school on only your DH's salary if you quit? You might need to adjust your expectations.  One mid-range doctor salary in DC is not going to buy you a life of luxury.  You can't compare yourself to other one-salary families in DC, who may have had family money, help with school, and certainly not $450k in loans at age 33. That $450k is not just $450k of payments, but $450k plus interest plus opportunity cost of that $450k that your peers are dropping into interest bearing accounts.  By the time you pay it off, your peers will probably have another $1m in the bank on top of you (from putting aside $450k over all those years that you were paying loans).  You say you are tight with money, but I don't think sending kids to private school with that kind of debt qualifies as tight with money. [/quote]

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