Reply to If you have been a biglaw partner for 10+ years, how much wealth have you accumulated?

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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][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. But only a small handful get to one percent wealth (currently around $12m in net worth) through law.[/quote]

I know this guy is at the top of the stack but still:

http://www.yolandaslittleblackbook.com/blog-1/2018/01/21/jeff-hammes-kirkland-ellis-house/

If he's buying a $15m SECOND home what kind of net worth do you think he has?  My guess is you probably have minimum of $50m and probably $75m+.  Don't know many careers where you can make that kind of money without taking some entrepreneurial risk of losing everything.  Big law is one of the only careers you can make that kind of money just by giving advice and not being a principal.[/quote]

Pretty sure he has family money.[/quote]

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