Wednesday, June 25, 2008

You're a rich girl

I knew going into being a librarian that I will likely never make loads of money, but I'll be secure and happy. That's good enough to me. In a discussion with a law student today the difference between our potential incomes came up.

Future Lawyer: Well, if it makes you feel better, look at this way, a first-year associate at big deal firm will probably make about $125,000 per year.

Me: Uh-huh.

FL: But they have to have about 2000-2500 hours to bill.

Me: Yeah.

FL: Which, since one billable hour equals about 1.5 hours of actual work, means about 3000 hours per year.

Me: So, 60 hours a week.

FL: Right. So, it works out to about $42/hr.

Me: Right.

FL: But the firm bills about $500/hr.

Me: It pays to be a partner.

FL: Literally.

Me: Yeah, between my work, freelance, and school, I'm working about much per week already, and I'm paying for one of those three.

FL: Um, but you're prettier.

And he's going to be a lawyer.

1 comment:

Giggles said...

Have you been talking to the same future lawyer that I have been? Because I had a very similar conversation with one about how much time I work just the other week.