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Money and Finances
Reply to "If you left biglaw as an associate"
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[quote=Anonymous][quote=Anonymous]So many factors here...mainly: are you married or in a committed relationship where you share finances (and what does your SO do), do you plan to live in DC or in a cheaper suburb or other city, and what are your loans? The answers to these three questions will pretty much determine the outcome to your question. For example, two DINK's with no kids, both in big law, who are willing to live in Virginia and got some scholarship money/parents pay for law school could have enormous net worths when they leave. By contrast, an individual associate without a spouse working, with kids in daycare or nanny, living in DC, who has loans, would likely have very little net worth when leaving. [/quote] +1. We both spent considerable time in Biglaw (8 yrs for me, 13 and counting for spouse) and kept our housing expenses very reasonable, especially early on. That enabled us to have a good bit socked away at the time I left. Didn't necessarily expect my spouse to stay this long and a move could happen in the coming years, but we've set ourselves up with a good cushion.[/quote]
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