“The big salaries they are talking about in this came with big city, big firms....”
you got that right Woebama....my daughter was a pardner in a blue ribbon K Street firm in Washington DC....she was making $350k gross...here’s where the money goes
$80-90k income taxes
$120,000 house note(to live in a white neighborhood in a very dangerous city)
$4000 lunch money(it costs money to eat down town even at your desk)
$3600 parking deck with armed security(no woman alone should try to park in an unattended lot at night in downtown DC)
$12,000 clothes(when you’re billing out at $600/hr you can’t meet with clients wearing a WalMart skirt)
$$72,000 (time lost in billable hours working pro bono on a capital murder case)
$10,000 yard man/maid/grocery service (when you’re at the office nights and weekends you don’t have time/energy to mow the yard)
$15,000 self directed IRA
$0000 car note...she drove a paid for Toyota.
She got let go 6 months ago....as a pardner she was expected to bring clients into the firm....you do that by joining the country club and schmoozing prospects on the golf course...or take them deep sea fishing ect...if you don’t bring in new business, you’re history at the firm.
Yah, I forgot about the help . . . I was so middle class I didn’t realize I needed maids and so forth when working 80 hour weeks, so I was coming home and doing the dishes!