Reply to NYC law partner w/ kids: "$850K gross is not enough to live on"

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Reply to "NYC law partner w/ kids: "$850K gross is not enough to live on""

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Clearly NYC is very expensive and 850k does not go as far there as elsewhere. It’s hard to sympathize with that poster and the statement about wanting a house “that’s truly worth coming home to” suggests they may be overlooking some decent options that could be reasonably nice homes for less than 2.2-2.4. That said, NYC is crazy expensive and I wonder why you wouldn’t just get the heck out and move to a different city if that’s the financial dilemma.[/quote]

One cannot at this point.  Very hard for a big firm partner to move to some other city.  Any realtionships you have would be gone.  Law is not so much about law as it is marketing.  Could one go as far as she is and move to say Dallas?  Sure but not at a Big firm and not at anywhere near 850k.  You could have done it as a junior or mid level associate.  So what we are saying to her if we tell her to move is to find a completely different job that will pay a fraction of what you now get.  Could still be the right move but almost no one would make it.[/quote]

I’m the PP and is that really the case these days? I know biglaw partners that have moved to other offices of their firms. Sometimes they have dual billing on the website and go to the original office every so often. In this day and age with technology it seems irrelevant. [/quote]

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