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:
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.
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