Let’s talk poverty in BigLaw! Do you think it exists?Have you heard of any stories that would indicate some partners in your law firm are living paycheck or paycheck? Years ago, we had an equity partner pass away, and their windowed spouse was seeking contributions for the kids’ college education, suggesting the partner hadn’t saved for college... Still haunts me to this day.

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Spending all of your considerable income on current expenses (almost assuredly the bulk of which are discretionary) and failing to save money for retirement or children's education is not "poverty." It's being an idiot.

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If you’re making millions 100k is nothing.

Partners who make millions compare themselves to investment bankers making multiples of that, and some live wayyyyy beyond their means.

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