News for hackers. Stuff that matters.
Re:Bay Area hammered by loss of jobs: Lack of affordable hou... by gnicholas on Monday October 23, 2017 @04:31PM (#15536715)
As a former lawyer, I can say that prices these days are high for lawyers and other service providers. Associates/employees are paid hourly so there's limited upside. You can buy a house on a single legal salary, but you won't have much cushion.

Law firm partners are in a much better position, but you can't make equity partner (not just "income partner", which is basically a glorified title they give so you can go get more clients) until you're about 40. And nobody wants to wait that long to buy a home.

Basically, "law firm partners" can be clumped together with VCs, since they both hold stakes in (hopefully) profitable businesses. But most lawyers are not partners.

There are no comments on this comment yet.