Reply to Yes, tiny violin - did anyone else struggle first years of law partnership?

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Reply to "Yes, tiny violin - did anyone else struggle first years of law partnership?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]OP it sounds like you’re spending more than you earn and didn’t ask any detailed questions about compensation in your new job.

What do you want? We can surmise that the house is an expensive house in a good school district. Send one or both kids to public school for a few years. Or refinance your house. Or apply for financial aid. Whatever. [/quote]

Well, if you read my actual post, I asked if anyone else struggled at first and when it changed.[/quote]

Most people were coming from being highly compensated senior associates and non-equity partners and had, you know, savings before doubling down on the mansion and private school. Its not fair that people can be this stupid and still be rich. [/quote]

Just stop. The vast majority of associates don’t understand that they’ll make less money as a partner than they did as an associate. That’s because law firms want everyone to fight to make partner, so they’re not exactly forthcoming with this info. Unless you have a good friend who is a law firm partner who will clue you in, the most you’re going to get is a few jokes along the line of “lol, you’re a new partner, you’re still paying them.”  Not everyone understands that they mean that *literally.*

If OP came from the government to a well compensated Of Counsel position, than I could see how they would assume that they wouldn’t have to take a pay cut when they made partner. [/quote]

Lawyers hate their coworkers so much that no spills the beans on the con?

Law firms are a giant MLM? [/quote]

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