Now I'm poor as fuck -- literally living paycheck to paycheck.

(http://www.autoadmit.com/thread.php?thread_id=5478517&forum_id=2#47308661)

But wait...it'll be great when you make it to 8th year?

Now you've got kids, so subtract $100,000 for an apartment. And cut out $60,000 per kid for private school.

But wait...it'll be great when you're a partner?

Now your wife left you because you work until 10 pm routinely and don't help with the kids. So half of your money goes to her.

So your $800,000 in income partner money goes to $400,000 with taxes, then $200,000 goes to alimony and child support, $100,000 to your apartment, somehow you still are paying on your student loans, and....

Maybe you should've just stayed in your home town and taught high school history....

(http://www.autoadmit.com/thread.php?thread_id=5478517&forum_id=2#47312092)

You can bring home the cot from your office if you actually need a place for them to sleep.

(http://www.autoadmit.com/thread.php?thread_id=5478517&forum_id=2#47313140)

Not too late!

(http://www.autoadmit.com/thread.php?thread_id=5478517&forum_id=2#48373149)

That said there is only so much 7th and 8th year associate work to go around, especially now that firms have filled out their ranks of permanent associates and nonequity partners. Maybe more money will increase the will to keep going on another half a year or year, but for the most part I doubt it makes a difference.

(http://www.autoadmit.com/thread.php?thread_id=5478517&forum_id=2#47312785)

Then a bunch of the firms that do pay lockstep don’t match cravath/milbank/whatever bonuses. The number of people making the amounts in the op becomes really small.

I was at one of those black box firms, in the dc office. I made 350k as a fifth-year service partner because the place became eat what you kill as a partner and I was on a big rainmaker’s team who didn’t share billing credit and I had no clue how to do biz dev (nor did I care because I had my head buried in cocaine and stripper pussy).

So anyway, take all the hypos above and cut the numbers way down and ask yourself if you’d do it.

(http://www.autoadmit.com/thread.php?thread_id=5478517&forum_id=2#47312955)

(http://www.autoadmit.com/thread.php?thread_id=5478517&forum_id=2#47313018)

but when i was in biglaw yeah i billed like 1600 hours a year usually. i stopped trying after my first year as partner. i billed around 2k hours and got a sps bonus and minimal raise so i phoned it in for 4 years.

the tradeoff in my situation was that even though the rainmaker hoarded all the credit, you were untouchable if you worked for him. i got shithoused one night before a marketing event in another city and didn't show up to a presentation i was supposed to do. never heard about it, except that he sat down with me and told me he loved me and not to do it again. (that said, the guy would rip your head off for typos in emails, totally fucking weird).

can't complain. i actually have nothing bad to say about the biglaw experience. the pay, comparatively speaking, was trash but overall i liked it.

now my requirement is 1650 a year and for 2023 my comp is 450. not too bad. (having said that, i am the only traditional labor partner at the firm so i'm spending lots of nonbillable time on biz dev shit and i never did that before.)

(http://www.autoadmit.com/thread.php?thread_id=5478517&forum_id=2#47314393)

No way. That produces a shocking amount of stress over every single task.

(http://www.autoadmit.com/thread.php?thread_id=5478517&forum_id=2#47314425)

The vast majority of people in V50 are making market every year. Then they either make counsel/partner or leave though.

(http://www.autoadmit.com/thread.php?thread_id=5478517&forum_id=2#47314541)

There are a lot of people in biglaw who don’t make 500k all in as a senior associate

(http://www.autoadmit.com/thread.php?thread_id=5478517&forum_id=2#47314955)

Way to bury the fucking lede!

(http://www.autoadmit.com/thread.php?thread_id=5478517&forum_id=2#47315092)

That was a starting player’s nfl contract back when I was growing up

(http://www.autoadmit.com/thread.php?thread_id=5478517&forum_id=2#47314736)