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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]$12k (5% of my salary)

I'm a senior associate at a biglaw firm that doesn't pay lockstep or match market bonuses. Believe it or not I'm a bit sour that I'm not getting $50k or whatever the "real" biglaw firms pay[/quote]

I'd be mad too! On the positive side, you have a good base salary![/quote]

To the lawyers on here - save save save that bonus. I made it 9 years and just found out that I won't make partner. I've lived like a monk and own a townhouse free and clear and paid off my loans. I'm actually looking forward to what comes next in my life. [/quote]

Saving it is impossible for all the lawyers who have high student loans.  I hear so many people balk at the high salaries that biglaw attorneys are paid, but when you come out of law with $200,000 in debt, that money goes fast and the bonuses only make a small dent.[/quote]

This makes no sense. Live like you make $60k, put the rest on the loans, and the loans are paid off in 5 years.  Then the next five years do the same on the mortgage. [/quote]

The point was that the salary and the bonuses for people in biglaw with large loans is not saved.  It's put towards the loans.  You leave after five years with nothing but the loans paid off.  Very few people work in biglaw for 10 years, which is what your scenario above assumes.[/quote]

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