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A good work environment where you are treated well is priceless.
For what’s it’s worth I lateralled from a place that wasn’t too terrible for a $75K raise and $95k sign on bonus last year and most days feel like it was a dumb move.
Thanks for being candid about this. I still question my decision to go to a firm where I'm treated great, am happy, and make enough but considerably less than I'm sure I could elsewhere.
None. I’m in the same boat, 5th year in mid market making $185k (also - I’m a patent attorney). No amount of money could make me leave my firm. I make enough, I have bosses who are invested in me, and I enjoy my job. You can’t buy that, and I doubt I could replicate it.
Another $100k
I felt I was being underpaid at a firm that I absolutely adore being at, so I just asked for a raise bc I quite literally never want to leave and they just gave it to me bc they don’t want me to leave either. So that’s always an option to consider if you really feel like you’re underpaid and you think they really value you.
it took a 43 percent increase for me to leave as a non-equity partner to move to another firm in the same role. Probably would not have left for less than 35-40 percent.
50% of current salary.
To be happy with the decision? Probably +100% wife probably would make me for +50% though haha.
I left a similar situation as a 4th year Associate. I’m an 8th year associate now and make market. I don’t regret leaving at all. I work more now, but not dramatically more and the culture, etc., are just as good. The extra money makes a dramatic difference for me and my family. Definitely worth the move for me.
Another thing that I feel like people don’t think is a real option but it definitely is, you can always boomerang back if you move and don’t like it. If you’re good and they like you as much as you think they do, they will take you back and it won’t hurt you as much as you think. My old firm told me they’d take me back and tried to get me to come back for a couple years after I left. When I was still there, I saw associates come back as well, and some of them are partners now.
In this situation currently in house. Very underpaid but love my job and am treated well…but I don’t make nearly enough to maintain a decent lifestyle or to save the way I want to. So lots of stress outside of work and my job is stressful enough as it is.
What lifestyle things do you feel like you're missing out on? Are you able to put some towards retirement even if it's less than you would ideally want?
I’m struggling with the same.
160 as a third year. NYC. 3 days on site per week.
But ppl here do not stab each other’s back all the time. And so far, no one throw me under the bus.