Wow. Can't believe the state of the legal market.
This article is about a lawyer couple. They reveal how much they make and how much they spend.
Husband, a 2015 call making $80,000-100,000 in insurance defence at a decent firm. I made $95,000 as a new call in 2012 doing that exact same job.
Wife, a 2016 call corporate lawyer at a decent firm as well. $70,000 is a terrible investment considering the amount of education. Tuition at Windsor in 2014 cost $16,049. Making the assumption tuition did not go up, that is 48,147.00 for 3 years of law school. The after tax income of someone making $70,000.00 a year is approximately 48,000.00.
I currently do not practice law, work 40 hours a week in the public sector and make more than the wife and almost as much as the husband. My coworkers most have bachelor degrees. One even went to college. I do not know why salaries in law are stagnating. I've been told that very senior lawyers are willing to work much more junior level jobs. I would just like to let people know that opportunities exist outside of law with competitive wages and better work/life balance.