Renzo wrote:sunynp wrote:Also I live in new York. I think living a biglaw lifestyle with the requisite attire and expenses can cost more than $70,000. You also need to include deducted firm costs like insurance.
I get nervous when people who haven't lived in new York calculate how cheaply they will live on a biglaw salary. And I don't think anyone should make this calculation until after they have an actual biglaw job. Biglaw is not an easy gig to get and it is not an easy gig to keep. If you go to school counting on biglaw to save your ass from debt, you need to seriously consider dropping out if you don't make it.
While I agree with your second point, I disagree with the first; as I said, I am able to maintain my entire family on about $70k a year, so most new associates should be able to live on much less if they choose to.
How do you manage this? I would sincerely appreciate this advice.