Reply to What do you do, how much do you make, and how'd you get there?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]1. Big law partner
2. 6.4 in 2023
3. Law school, clerkship, then a tremendous amount of hard work. I now manage a large team. But I work harder than everyone on my team. 2023 was [b]more than 3500 hours[/b]. [/quote]

Here we see the concept of value-billing in action; that is, charging the client as much as you think they'll pay.

It is not plausible you worked 70 hours a week, every single week; 10 hours a day every single day, seven days a week, 30 days a month. Bullshit.

It's totally believable you billed that amount, and if your clients paid the firm, good on you, you deserve your cut. Not a criticism.

Clients should wise up, though.[/quote]

To be clear, I did not say I billed clients 3500 hours. My 2023 was about 2300 billable hours. 1200 hours were spent on everything else that makes my practice run, as well as firm management, etc. And in terms of working, on average, 70 hours per week... well, I don't know what to tell you. Yes, I worked 70 hours a week on average. My usual routine is 40 to 45 hours Mon to Weds; 18 to 22 hours Thurs/Friday; and 5 to 10 hours on the weekend. Varies based on workload and what is going on.[/quote]

Serious question. Why do you work so much when it’s likely you already have plenty of money?

I’m assuming you really enjoy the work?[/quote]

1. I've only reached the comp level where I am relatively recently, so I still have some work getting to exactly where I'd like for long term financial security. But yes, I've done well.

2. The work is intellectually stimulating.

3. Apologies to be immodest, but I'm really good at what I do. I sucked at sports when I was younger. I don't have any hobbies where I'm especially talented. This is one thing at which I can perform well, and I enjoy that greatly.

4. I'm a workaholic. It was ingrained in me to succeed when I was a child, and I have likely deep-seated fears of failure, which drive me to work insanely hard.

5. I have a large team that depends on me to bring in work to keep things moving. They have great jobs, and I am driven to keep things going so that the team can continue to have high-paying jobs. I am trying to develop successors so, down the road, I can turn the practice over to my current deputies. But that is several years in the making.[/quote]

How much have you saved to date? Net worth? Are you male or female?[/quote]

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