How do you justify a $100k pay cut to go in house?

likefunny
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Also, how much were you making? A 100k pay cut at 175 is a much higher portion of your income than a 100k pay cut from 550

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What practice group?

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Is this after tax? Total compensation (cheaper insurance, bonus, expected stock increases)? Quality of life...log off at 5 and no weekends? If it's pretax, then we are talking like 65-70k right at the outset. I'd gladly have my stress levels and life back for 65-70k.

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When the 100k more results in loss of years on your life from lack of sleep and loss of a few too many opportunities to do things that matter to you (e.g., seeing family, enjoying hobbies, living life, pursuing dreams) then you can justify it.

Sometimes, though, the grass just continues to look greener from your perspective and there’s no tangible difference in QoL after you switch. In that scenario, you should keep making the sure thing (the $).

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Only $100k? That’s better than most.

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I’m a mid level about to take a 200k pretax drop in salary for a 9-5 nonprofit role and I feel pretty content about it. Sure, I’d love to have my salary stay at its current level, but I look in the mirror and see someone who has been hollowed out mentally and physically by biglaw life and so I’m at peace with the pros/cons.

I think it comes down to whether you think having (hopefully) better overall health and more free time is worth the trade. Personally, I think the trade is worth it but others may disagree.

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Oh I’m sure there would be an in-house position I could’ve secured that paid a good bit more...but the for profit roles looked all too similar to the roles/position/people/work that I faced in Biglaw, so I was willing to trade a higher salary for a role in an organization with a mission that I had a genuine interest in.

It’s just money. I’ll gladly give up money if it improves my overall quality of life.

likesmart

In addition to other comments, if I can afford my lifestyle at the lower pay, and have more time to enjoy life, that’s a no brainer for me. The time for experiencing life outside of work is worth vastly more to me than the hourly rate I get for each additional working hour (especially when it diminishes with each extra hour).

Of course, if you’re motivated by making money, then that’s going to be a totally different conversation.

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Understand where you're coming from, OP. If your current position isn't totally soul-sucking, you might want to stick it out another year or two and build a bigger savings/investment account. Ultimately it's what you're more confident will make you happy long-term. Good luck with your decision.

I would take that in a heartbeat if I knew it came with WLB and not just a marginal decrease in hours but still mostly like biglaw. I’d want at least 30% less work/hours for the paycut.

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What are your goals? If it’s WLB and it offers you that then that’s how you justify it.

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You might make that lower amount for a greater number of years because you'll be able to tolerate it.

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If you find the pace of biglaw is sustainable and you have time for all the other things in life you want to do, you should stay in biglaw

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