dixiecupdrinking wrote:Anonymous User wrote:What I'll never understand is the complete loss of perspective by people that have millions of dollars. They could literally quit tomorrow, or be fired and likely never have to work another day in their lives. If they get into trouble, they can arrange their life to have a good, fulfilling life and maybe get rid of the fancier things they have (like private schools, huge house, Hampton house, etc). If I get into trouble, then I'm out on my ass with six figures of debt and a failed career. These guys didn't even have close to the debt burden that we have coming out, and so they can't possibly understand the psychological effect that has.
The work is stressful enough because of the deadlines and closing timelines and client expectations. By being a partner that screams and berates and micro-manage to the point where you feel like just a limb hanging off a partner, they make that stressful situation much worse psychologically and even physically. The firm I worked for had intense, but tolerable (even good) partners to work for and the work was still so stressful that I quit after a year and a half. I can't imagine being in a place where the work is as stressful and your colleagues are complete assholes. The firm I am at now has one of those guys and I already know I won't survive getting staffed on a deal with him. I'd likely just give notice the minute I found out.
Two problems, I think. One is there is always someone with more, and it's natural (and/or we are socialized) to discount the value of what you already have and to want what others have. Sure, you could quit with a million in the bank, but then you can't do [thing the guy down the hall did].
Two is that people get to this point in the profession by dedicating themselves 100 to their work. You do that for a decade or more and it becomes tough to envision anything else. You're gonna quit? And do what? You don't have any hobbies or interests, you haven't seen your friends in years, there's a good chance you're divorced or your family hates you. What's the point?
The kind of person who feels comfortable stepping away from a "successful" career to reinvent themselves in their 40s or later is generally not the kind of person who grinds away in biglaw to that extent in the first place.
Leaving biglaw for something less intense with a million in the bank sounds pretty ideal. For the sake of pursuing that hypothetical, how many years would it take the standard biglaw associate saving 15-20% to get there? Probably still over 10 years....maybe 500k is a better number. That can probably be done by the time you're a 6th year if you're super diligent and get relatively good (8% or so on average) investment returns, even with 100-150k in student loans. Just trying to think of the right cushion to make you feel comfortable before taking dat pay cut.