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I am looking for wfh option for the coming 2-4 years as I have recently become a father and want to dedicate as much time as possible to my family.
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I think my main question to you is, do you like working?
Basically the money will definitely help. I have a sitter come every weekend for a 5 hour stretch so I can either work or rest. I also pay for cleaners to come every other week and sometimes when work is especially busy, I pay for a meal service. But I also pay $2000+ per month in insurance premiums for the whole family (so no guarantees on lower out of pocket payments for benefits) and I worked 2-3 hours every day on my last vacation, simply because a deal was closing and things just needed to get done. At times I feel grateful to be making the money I do to be able to afford a good life but at other times I’m resentful that I’m not able to enjoy the family I’ve created. So you know, pros and cons. But if you particularly enjoy the work, might as well get compensated for it and stop feeling like you’re drowning.
A2 this is the crux of it. Well said. Being a mom is super hard (much harder than being a lawyer). Your options sound like a) work full time but struggle to afford the help you need until everyone is in school b) work full time+ with the opportunity to afford more help.
I am in big law with three kids and lots of help. Being an associate was fine and being a partner is fine. Making partner was miserable. This seems preferable to me if working at all but everyone has their own preferences. Good luck.
I’m a single mom to a 4 year old. I work in big law and I am a mid level (salary is around the $400k mark per year + bonus). I outsource what I can - I have a cleaner and someone who does our weekly cooking for us. I had childcare but for a number of reasons, currently don’t have anything outside of preschool with aftercare. My insurance premiums are extremely expensive. I am barely saving any money outside the minimum (401k, 529, IRA). No rainy day fund no investments. I live in a HCOL city and I’m paying off student debt AND alimony, so to be fair, that’s where my money goes.
Map out a budget and what the money will look like. Your hours will be fine so long as you have a team of people respectful of your life as a parent (for example, I am mostly offline from 5:30-8:30 pm every night). See if that money difference is good enough for you to make the change but if you do make the change, do your search very intentionally. Make sure that you would be joining a team of good people and not assholes.
@A15, he pays me a whopping $25/month in child support - it goes to her 529 account. He makes a lot less than I do because he can’t hold down a job and has always refused to work. He now has a job as an office admin/secretary and that seems to be working for him, thankfully.
F
Big law can be great for working parents. Negotiate for a reduced hours target and telework at the outset. Lean into the flexibility that comes naturally from being in a big environment. I’m with my family roughly starting at 3 PM every day until after bedtime. All of my colleagues and clients are scattered across different time zones, I haven’t had an issue just carving out my time when I want it.