This is true of any salaried job. For the longest time I applied my raises (remember those?) to my savings, reasoning that I was already used to living at the pre-raise income. Even when inflation was > 10%

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Living below your means is so essential for everyone, and especially for associates. There is a very good chance that if you don't make partner for whatever reason, your next job will be a pay cut, so not needing your full salary is so important.

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The most important factor here is not putting your kids in private school. That means choosing a place to live where they can attend good public schools. You can sell your house & cars. Making your kids change schools is another level entirely

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Slowly, then all at once. Sending warm thoughts to everyone at Weil, especially the associates and business services teams that are going to be hardest hit. news.bloomberglaw.com/business-and...

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One of the best things I've read on how to think about AI from a labor (and disability) perspective: thesteveway.substack.com/p/ai-disable...

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