What do you do with your BIG LAW salary? Forum

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Elston Gunn

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Re: What do you do with your BIG LAW salary?

Post by Elston Gunn » Thu Jun 12, 2014 10:11 pm

DELG wrote:
Elston Gunn wrote:
Anonymous User wrote:
DELG wrote:TBF DC is not awesome.
An contraire.
Before anyone complains about anon abuse, I also considered preserving my anonymity before admitting I liked DC.
If you like chain restaurants, generic mid rises, high schoolers on class trips, families and fat Midwesterners misunderstanding public transportation, swamps, and self-important interns, I am glad DC exists for you.
Thank you.

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Re: What do you do with your BIG LAW salary?

Post by Total Litigator » Thu Jun 12, 2014 10:32 pm

Elston Gunn wrote:
Anonymous User wrote:
DELG wrote:TBF DC is not awesome.
An contraire.
Before anyone complains about anon abuse, I also considered preserving my anonymity before admitting I liked DC.
Haha.

Sorry, accidentally hit that anon button. But I really like DC.
Its significantly cheaper than MFH, lots of great bars, and always something going on every weekend. Also a great community of young professionals doing the kickball/soccer/flag football, etc. thing.

Also the only place in America where seeing somebody near blackout walking down the street at 4pm on Sunday is nbd.

Great place to be in your 20's to mid-30's I think.

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Re: What do you do with your BIG LAW salary?

Post by Total Litigator » Thu Jun 12, 2014 10:36 pm

DELG wrote:
Elston Gunn wrote:
Anonymous User wrote:
DELG wrote:TBF DC is not awesome.
An contraire.
Before anyone complains about anon abuse, I also considered preserving my anonymity before admitting I liked DC.
If you like chain restaurants, generic mid rises, high schoolers on class trips, families and fat Midwesterners misunderstanding public transportation, swamps, and self-important interns, I am glad DC exists for you.
Very few chain restaurants in DC actually. As for the other things you mentioned, I just pretend they don't exist.

That being said, I also like DC because I get to work for the fed gov. If I was doing something unrelated to the Federal government, sure, a fair amount of other places I'd probably rather be doing it.

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rickgrimes69

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Re: What do you do with your BIG LAW salary?

Post by rickgrimes69 » Thu Jun 12, 2014 10:58 pm

Total Litigator wrote: Also the only place in America where seeing somebody near blackout walking down the street at 4pm on Sunday is nbd.
not sure if srs

there are like half a dozen cities where that is nbd and all of them are better than DC

also not sure why that's a plus

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Re: What do you do with your BIG LAW salary?

Post by Total Litigator » Thu Jun 12, 2014 11:01 pm

rickgrimes69 wrote:
Total Litigator wrote: Also the only place in America where seeing somebody near blackout walking down the street at 4pm on Sunday is nbd.
not sure if srs

there are like half a dozen cities where that is nbd and all of them are better than DC

also not sure why that's a plus
Because it makes me chuckle.

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DELG

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Re: What do you do with your BIG LAW salary?

Post by DELG » Thu Jun 12, 2014 11:03 pm

Total Litigator wrote:
Very few chain restaurants in DC actually. As for the other things you mentioned, I just pretend they don't exist.

That being said, I also like DC because I get to work for the fed gov. If I was doing something unrelated to the Federal government, sure, a fair amount of other places I'd probably rather be doing it.
Outted as not recognizing chain restaurants when he sees them

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Re: What do you do with your BIG LAW salary?

Post by Total Litigator » Thu Jun 12, 2014 11:05 pm

DELG wrote:
Total Litigator wrote:
Very few chain restaurants in DC actually. As for the other things you mentioned, I just pretend they don't exist.

That being said, I also like DC because I get to work for the fed gov. If I was doing something unrelated to the Federal government, sure, a fair amount of other places I'd probably rather be doing it.
Outted as not recognizing chain restaurants when he sees them
I guess I'm just not hipster enough to avoid any restaurant that has more than one location.

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DELG

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Re: What do you do with your BIG LAW salary?

Post by DELG » Thu Jun 12, 2014 11:08 pm

DC food has gotten a little better but it's mostly just generic and meh. Wilmington, DE has better food per capita. DC should be embarrassed.

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Elston Gunn

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Re: What do you do with your BIG LAW salary?

Post by Elston Gunn » Thu Jun 12, 2014 11:09 pm

DELG wrote:DC food has gotten a little better but it's mostly just generic and meh. Wilmington, DE has better food per capita. DC should be embarrassed.
It's true. It is continuing to get better though.

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dresden doll

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Re: What do you do with your BIG LAW salary?

Post by dresden doll » Thu Jun 12, 2014 11:10 pm

I like DC.

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Re: What do you do with your BIG LAW salary?

Post by Total Litigator » Thu Jun 12, 2014 11:13 pm

DELG wrote:DC food has gotten a little better but it's mostly just generic and meh. Wilmington, DE has better food per capita. DC should be embarrassed.
Haha, well, I've never been to Wilmington, I live around U-street, and if I am surrounded by chain restaurants, then you are right that I'm not recognizing them. A fair amount of these restaurants have 2-3 locations in the DMV, but I don't consider that a chain restaurant.

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Re: What do you do with your BIG LAW salary?

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DELG

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Re: What do you do with your BIG LAW salary?

Post by DELG » Thu Jun 12, 2014 11:20 pm

jenesaislaw wrote:I donate to LST of course! http://www.lawschooltransparency.com/donate
I actually set up a monthly autopay to
http://moran-center.org
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Dafaq

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Re: What do you do with your BIG LAW salary?

Post by Dafaq » Thu Jun 12, 2014 11:27 pm

I will never get the attraction of a BL salary in an expensive city like NY, DC or Cal in general. As everyone has seen, 140k goes so much further in Texas or the south. The beauty of having 1k every month in walking around money, plus a suitable place to live outweighs having the expensive big city lights,

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Re: What do you do with your BIG LAW salary?

Post by dresden doll » Thu Jun 12, 2014 11:30 pm

Dafaq wrote: The beauty of having 1k every month in walking around money, plus a suitable place to live outweighs having the expensive big city lights,

I guess I don't see as much attraction in walking around money if the place where I live is awful as hell.

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DELG

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Re: What do you do with your BIG LAW salary?

Post by DELG » Thu Jun 12, 2014 11:33 pm

Not every expensive place sucks though

If we could both get decent legal jobs in seattle, holy shit, we'd take that so fast

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Re: What do you do with your BIG LAW salary?

Post by 094320 » Fri Jun 13, 2014 12:04 am

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Re: What do you do with your BIG LAW salary?

Post by Anonymous User » Fri Jun 13, 2014 12:05 am

Peoples posts are incredibly short sighted here though. As someone in NYC big law and having a significant other in one of those market-paying but lower COL cities (i.e. chicago, texas, etc.) in identical practice areas, i can tell you that even though my s/o is of a higher class year, i've already had far more experience. In addition, i can at the snap of my finger (which was surprising to me bc i'm very junior) move to one of those markets where my s/o would have a much tougher time. In fact, this is the reason why my s/o can't come to NYC and i'll eventually be moving to my s/o's market.

You can't look at 160 in NY vs 160 in Chicago or Texas and look at it in a vacuum. It'd be like looking at a $10 stock the same way you look every other $10 stock without looking at growth prospects.

You work in NYC for future value not because you want to make 160k now. Once you spend a few years in NYC you'll have something on your resume that people will instantly look at and think "so he can cut it." which is ++++EV

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Re: What do you do with your BIG LAW salary?

Post by 84651846190 » Fri Jun 13, 2014 12:19 am

Anonymous User wrote:Peoples posts are incredibly short sighted here though. As someone in NYC big law and having a significant other in one of those market-paying but lower COL cities (i.e. chicago, texas, etc.) in identical practice areas, i can tell you that even though my s/o is of a higher class year, i've already had far more experience. In addition, i can at the snap of my finger (which was surprising to me bc i'm very junior) move to one of those markets where my s/o would have a much tougher time. In fact, this is the reason why my s/o can't come to NYC and i'll eventually be moving to my s/o's market.

You can't look at 160 in NY vs 160 in Chicago or Texas and look at it in a vacuum. It'd be like looking at a $10 stock the same way you look every other $10 stock without looking at growth prospects.

You work in NYC for future value not because you want to make 160k now. Once you spend a few years in NYC you'll have something on your resume that people will instantly look at and think "so he can cut it." which is ++++EV
This is only true for corporate, and maybe securities litigation (although I don't even really know about that). Any other kind of litigation is exactly the same in NYC as it is anywhere else and no one in other kinds of litigation would give a fuck that you're lateraling from NYC as opposed to any other market.

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Re: What do you do with your BIG LAW salary?

Post by de5igual » Fri Jun 13, 2014 12:22 am

Dafaq wrote:I will never get the attraction of a BL salary in an expensive city like NY, DC or Cal in general. As everyone has seen, 140k goes so much further in Texas or the south. The beauty of having 1k every month in walking around money, plus a suitable place to live outweighs having the expensive big city lights,
Now that I live here, I'm realizing this whole Texas = ridiculously cheap thing is a big flame. Sure, you can get a giant mcmansion out in the burbs here for less than the cost of a shitty run down apartment in MFH, but chances are you're not going to want to live out in the burbs. If you're inside the loop Houston or uptown Dallas, your rent is as high as it would be in, say, Chicago (maybe even more since you need to factor in car costs).

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Re: What do you do with your BIG LAW salary?

Post by Anonymous User » Fri Jun 13, 2014 12:24 am

The above is somewhat true though I've heard if you're at a top litigation firm in NYC it absolutely does help being from NYC because people know you can put up with NYC hours and NYC demands so it's a badge of honor type thing - people know you have the work ethic.

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Re: What do you do with your BIG LAW salar

Post by sundance95 » Fri Jun 13, 2014 2:42 am

^ So "NYC = signaling that you are willing to work to death without complaint" is a good thing? If so I don't get it.

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Re: What do you do with your BIG LAW salar

Post by rickgrimes69 » Fri Jun 13, 2014 8:08 am

sundance95 wrote:^ So "NYC = signaling that you are willing to work to death without complaint" is a good thing? If so I don't get it.
what don't you get about that

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Re: What do you do with your BIG LAW salary?

Post by Blindmelon » Fri Jun 13, 2014 8:27 am

Anonymous User wrote:Peoples posts are incredibly short sighted here though. As someone in NYC big law and having a significant other in one of those market-paying but lower COL cities (i.e. chicago, texas, etc.) in identical practice areas, i can tell you that even though my s/o is of a higher class year, i've already had far more experience. In addition, i can at the snap of my finger (which was surprising to me bc i'm very junior) move to one of those markets where my s/o would have a much tougher time. In fact, this is the reason why my s/o can't come to NYC and i'll eventually be moving to my s/o's market.

You can't look at 160 in NY vs 160 in Chicago or Texas and look at it in a vacuum. It'd be like looking at a $10 stock the same way you look every other $10 stock without looking at growth prospects.

You work in NYC for future value not because you want to make 160k now. Once you spend a few years in NYC you'll have something on your resume that people will instantly look at and think "so he can cut it." which is ++++EV
Working brutal hours in a high COL city in order to have better exit options to the city you could have just started in - sort if silly, no? Then again, corporate is weird. I'm in lit. and it depends way more what firm you work for than which market you work in.

As for salary, I usually pump 5k/month into stock, 1,200 or so/month in 401k. The rest is living expenses, etc. I save more permonth than I used to in my old job per year.

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Re: What do you do with your BIG LAW salary?

Post by First Offense » Fri Jun 13, 2014 9:13 am

Dafaq wrote:I will never get the attraction of a BL salary in an expensive city like NY, DC or Cal in general. As everyone has seen, 140k goes so much further in Texas or the south. The beauty of having 1k every month in walking around money, plus a suitable place to live outweighs having the expensive big city lights,
You don't get how someone would not want to live in the South? I wouldn't care if TX/South paid double NYC/DC - I'll take those over the South every day and twice on Sunday.

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