Reply to DH didn't make partner - dealing with imminent major reduction of HHI

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[quote=Anonymous][quote=Anonymous]Thanks for all of the responses.  As you can see, I woke up at 5 AM the day after Thanksgiving unable to sleep.

Some more background/response to questions:
a) It happened Monday so we haven't even really had time to process it.
b) I was in a doctor's office and have been SAHM since first kid was born 10 years ago.
c) I will obviously consider shift work but haven't really been able to even think about logistics/options/etc.
[b]d) technically DH can stay for another year and go up for partner again (can go up twice) but got some strong messages that his practice area isn't really going to be a focus area for the firm.[/b]
e) he definitely won't leave without something else in-hand but given the legal economy in general we need to start planning now.
f) my entire side of the family is here and so leaving would be tough.  But we will consider it.[/quote]

This is important.  Your husband should focus on staying another year with the intent to be reconsidered for partner.  This gives yo some breathing space to investigate other options.  Since the firm is not going to be focusing on his area of expertise, he should start looking for other firms that DO specialize in his area of expertise.  There may be medium size firms that will appreciate a partner-tracked lawyer with his specialty who came from a larger firm.  Additionally if his firm is not going to be focused in his area, he might be able to bring some of his current clients with him.  That is the kind of draw that many smaller to medium firms will pay well for, new clients in areas they specialize in.  Since his current firm will not be focusing in that area, there will be less objection to him taking his clients with him.  He will have a little over a year to look, so he should have a good buffer to protect your family financially.

Second, for you, although your license is 10 years old, you should renew your license.  With your LPN renewed, you can then also consider night nanny and night elder care nursing as options.  LPNs  are often considered for positions like this for invalids or children who need nighttime attention.  We have twins and I know quite a number of families who hired a night nanny with nursing background to help them through then night in the early months.  Although you may not have pediatric experience, you are a mother of at least 4 children and have a nursing background.  Additionally, a lot of families have elderly relatives, some of who still want to live independently in their own homes who hire LPN's to come and help with household living for seniors who need assistance.  The nursing background will help you with carrying out healthcare instructions given by their PCP.  All of these are on schedules that are negotiated with the specific clients and may allow you more freedom including being able to save money on daycare for the younger children.  Even if you only need some job overlap care, you can still save a lot of money if you only have a sitter in for a couple of hours a day instead of full-time.  Even with the premium for part-time over full-time childcare, you can probably get childcare for the younger ones for a lot less than you will make working.  And once your younger children are school-aged, it will ease a lot of the childcare issues was well.

Good luck.  I know it is stressful, but just take some consolation from the fact that your husband's job alone will give him a buffer of a year to make good plans for the future of the family.  He wasn't given a pink slip that he was out of a job just in time for Christmas (which I have seen quite a number of times due to employers losing contracts on December 31 or January 1).[/quote]

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