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Reply to "If you left Big Law…"
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[quote=Anonymous]I've been following this thread with some interest. I'm a woman in biglaw and the main breadwinner. Our pretax HHI is around 650K, with my DH bringing in around $130K of it as a non-lawyer fed. Our financials are not super different; retirement is only $950K and 529 is only $300K total (I think OP had more on both counts), but we have about $1.8 in brokerage accounts so about the same total. Our mortgage is higher and we have less equity, but also have some special circumstances that resulted in that -- i.e., parents who moved in with us so we can help with health issues but who happily contribute to mortgage/bills/etc -- and we left a very low mortgage ($2200) to accommodate them. We'd be happy to downsize house if my parents no longer needed the space. My kids are 6 and 3 and I often think of leaving big law in the next 3-5 years. I don't think I want to be a partner, but I'm fairly confident I could stay in my counsel position for a while if I wanted to do so. Part of me thinks I should just to save up, pay for life, keep doing it while it feels manageable. Part of me would love to pursue other options (which have uncertain or certainly lower salaries) that I think I would enjoy more. The overwhelming majority of folks on this thread seem to think operating on fed salary and drawing down savings to fill the gap is insane, though, which would probably be our plan too. [/quote]
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