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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][quote=Anonymous]It's hard to stack coins until the line between oppressor and oppressed is crossed. Depending on the individual, that doesn't happen until late 40s (for those who went straight through) or 50s or later (for those who took a more circuitous route, such as spending a lot of time in government). Only senior partners, esp big rainmakers, make a lot more than they bring in. Many relationships are institutional, and only are inherited late in one's career. Biglaw is not a path to great riches. Don't get me wrong, it's plenty comfortable.[b] But only a small handful get to one percent wealth (currently around $12m in net worth) through law[/b].[/quote] This. It can be a good life, but not big money. Every law firm partner I know doesn’t want their kid to go into law.[/quote]
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