Reply to Big Law and conspicuous shows of wealth

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]If you are from old money can you really say there’s “lots of money” in big law?

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Not even sure what old money means in this context.

Met very few biglaw families like this.  They tend more to live large but as a family.  [/quote]

Maybe it’s just my circle but I don’t even know many big law attorneys who really live large. I can think of 3: two who are very high up in their firms and one who has a trust fund (the one with a trust fund doesn’t live conspicuously, but she does all the wealthy things, rather than having to pick and choose like most big law attorneys do). [/quote]

Really.  20 year partners mostly have $2 million plus homes, beach house, possibly another house 1-3 country clubs.  Nice expensive cars -- Mercedes, BMW, mostly fly themselves and family first class.  Europe and Caribbean every year.  If they ski -- then that.  [/quote]

? I've never known a DC-based partner who lives like this and both me and my husband have been in biglaw 10 years [/quote]

I don't know a non-new partner who does not live like this.  Maybe we are thinking of different firms?[/quote]

Then say the firm you mean. Truly, I know so so so many partners who have been partner a long time and having the FULL list above (not picking and choosing priorities like beach house vs multiple international vacations a year) is unusual for DC-based partners. Especially when they typically have 2-3 kids in private schools or colleges and involved with expensive extracurriculars. [/quote]

I’ll name some firms: Arnold and Porter, Covington and Burling, Wilmerhale, Latham, Gibson Dunn, Davis Polk…

I agree that many many partners don’t have flashy things (and many are just not car people) but private schools, beach house, expensive vacations, 2M+ house? Yes, for sure, easily.[/quote]

This. We ALL do. This debate is stupid. What do you think people that make $2 million a year spend their money on. [/quote]

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