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[quote=Anonymous][quote=Anonymous][quote=Anonymous]This is really disconcerting in the sense that there's no really no incentive nowadays to want to rise to the top of your field.[/quote]
Why is it disconcerting that there is little incentive for anyone with their eyes open to gun for partnership? There is still money to be made. After 9 years in big law, I have over 400k cash in savings, not including my retirement savings and shares of stock. All of it is mine and, because I'm an associate, the firm doesn't get to come askint for my money in the name of capital contributions. I'm applying to exit to the government or in house and, with the connections I've made over these 9 years, I'll be just fine.

--Senior associate [/quote]

I left biglaw as a sixth-year associate for a gov job. After 3 years, I wanted to make more money so I got in touch with my old firm, with which I kept good relations. They offered me the option of rejoining as partner or counsel. Based on the numbers that they presented, I would end up with about the same take-home either way, as partners pay huge tax bills and have to pay for own health insurance.  I chose the counsel job and am much happier. But I also plan to go back to gov eventually. [/quote]

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