Reply to Law firms now demoting partners .

Forum Index » Jobs and Careers

Reply to "Law firms now demoting partners . "

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]This is really disconcerting in the sense that there's no really no incentive nowadays to want to rise to the top of your field.[/quote]
Why is it disconcerting that there is little incentive for anyone with their eyes open to gun for partnership? There is still money to be made. After 9 years in big law, I have over 400k cash in savings, not including my retirement savings and shares of stock. All of it is mine and, because I'm an associate, the firm doesn't get to come askint for my money in the name of capital contributions. I'm applying to exit to the government or in house and, with the connections I've made over these 9 years, I'll be just fine.

--Senior associate [/quote]

You know how easily you could have made that in finance? One year, one good bonus. Actually, depending on where you are and what you do, a lot of people wouldn't even call 800k a "good" bonus.[/quote]
Why is there always an idiot who posts this tripe about finance? :rolleyes: No, this is not "easily" made in finance. You're talking about top, rare earners who work worse hours than big law and get fired way more quickly. Do you have any close relationships with anyone at a bonus-eligible hedge fund or investment banking job?

--Senior Associate[/quote]
[b]I should also add that, for the very rare few who make the bonuses you describe, those bonuses come with ridiculous years-long clawback and vesting provisions.[/b] Stop parroting nonsense you have read and don't understand firsthand.[/quote]

What? No they really don't. How about YOU stop parroting nonsense you obviously know jack shit about. [/quote]

NP for someone who apparently Knows more you haven't said jack yourself . The PP is right , this idea that finance is filled with mega bonuses is simply urban legend [/quote]

Like I'm going to share my work history on a message board! Lol. I'm not insane. As for the bonuses, a 600k bonus is not "mega." The fact that you seem to think so and that it's rare is sad. I guess you need to tell yourself that to feel better about the piddling amount you make. I only commented in the first place because your bragging about stashing 400k away over 9 year period struck me as so sad and pathetic. It just reinforces for me the idea that going into law for the money is not a good idea.[/quote]

You are cute, Senior Associate. I used to think I knew everything too when I was fresh out of Harvard. I thought all lawyers went into biglaw. I made six figure bonuses working in finance right out of grad school. I'm currently not working and raising our 3 children. DH bonused out $1.2m last year and we expect it to be $2m this year. I have friends who made millions in their 20's but not doing as well in this market. Most of our friends in finance do bonus out a few hundred grand each year. The ones who are killing it are making millions. DH's friend who is a computer whiz programs for a hedge fund and has been making tons of money consistently for over a decade. He often works at home in his pajamas.[/quote]
The PP you're responding to is not the one self-IDing as senior associate. How are you finding it so hard to keep track of who you are responding to?

Also, am I the only one who doesn't care what non-working spouses have to say about the workforce? If you knew it all, you wouldn't be sitting at home poring over dirty diapers.[/quote]

I spent 15 years working and was a managing director and SVP previously. I am only recently home. Having a third baby tipped us over.[/quote]
Still don't care. Let your husband come here and talk firsthand. I am sick of SAHMs chiming in with secondhand, smug bullshit. Back to the kitchen with you.[/quote]

I agree that it's tiring to hear women who comment on their husband's work experiences. But your gratuitous insults aren't needed to make the point.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics