What is your annual spending? How long would your savings last if you kept that spending level but only had your wife's income? Are there any ways you could reduce that to last longer? (Moving/selling cars would be the big ones.) Do you have ideas about what you'd like to do if you leave the law? If so, are they things you can pursue before you leave or do you need more time to pursue them? If you don't know, why not? Can you figure that out before making an irrevocable decision? Do you plan to have kids? Ever? Soon? If so, what sort of standard of living would you like them to have? How would your spouse feel about all this? About lifestyle changes? About being the major breadwinner?Anonymous User wrote:This isn't exactly on point, but I'm wondering what kind of advice you guys have. In other words, should I quit biglaw/law with no job lined up? What would you do if you were me?
I'm a couple/few years into biglaw. My spouse and i make over 250k a year (obviously most is my income). We have combined 40k in student loan debt and between 150k to 180k liquid saved up/invested. We have no mortgage or kids. My parents as of next year will start giving us 13,500 (or whatever the tax exempt gift is) per year. In 15-20 years, we will probably inherit somewhere between 2 to 5 million or so (but that is a long, long time from now and we are expected to work hard in a "career".) I really hate my job and frankly, I don't like the practice of law. Should I quit after bonuses with no job lined up? I really need to figure out what i want to do with my life, but I have no idea at this point. I just know what I don't want to do.
I think a lot of the work in biglaw is boring and tedious. I think half the people are assholes and/or sociopaths who care about the most inane shit. Instead of envying partners and senior associates, I pity them. Really though, biglaw is full of crazies.
In general, I'd tend to say that quitting without something lined up is really dangerous—especially in the mental state you describe. It could be all too easy to give yourself a break to recharge after BigLaw and, before you know it, find yourself with a long resume gap that you have trouble explaining to the next employer. But you know yourself better than any of us can, and only you know how bad your current job is.
Good luck with your choice. Whatever you decide, I hope it works out for you. This profession can be really rough, and I hope things turn around for you.