Background: I work full-time out of the home and my husband is a self-employed lawyer (largely domestic, estates, & business law). DH is doing pretty well after 5-years, especially considering the recession - we are, however, not rolling in it by any means. One of the big reasons I work is for benefits as self-pay insurance is expensive and we'd like DH's take home to be stable at a certain amount for more than a year. We would like me to be a SAHM at some point, hopefully by the time DS heads to kindergarten.
I have suggested DH look for a job with a firm because a firm would pay a stable salary + benefits. Plus, there would be some back-up - right now taking a vacation doesn't happen and I am pretty much on call all the time if DS needs to get picked up from daycare (which is hard for my own job). DH has the following arguments why working for a firm isn't a good option:
- I will NEVER see him because the firm will own him
- The firm could fire him
- There isn't anything available (that is bull, I know he hasn't looked)
- He can make more money self-employed
Clearly, I am not a lawyer and I have no experience with working for a firm. We live in Ohio, there is a major metro within driving distance, his law school grades are not good enough for one of the major firms, but he has a good track record as a lawyer and good relationships with other lawyers/judges/magistrates. Does anyone have any insight? Am I totally nuts to suggest he apply for jobs at a firm.
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I am also a lawyer and married to another lawyer. We are both fortunate to have found firms which are essentially 8:30/9 to 5:30 (otherwise known as lifestyle firms, which rarely exist). But, we are both lucky and have been practicing for close to 15 years. We both went through firms that were horrible. Most firms make you work very hard. Also, there aren't that many jobs out there for lawyers these days. (It might take him over a year to find a job.) The market is still pretty bad for lawyers.
I don't agree with the "they would fire you" comment--if he got hired, he would probably be able to keep his job unless he screwed up badly. However, most firms are at least 160 hours min a month (without a bonus). if he wants a bonus, he has to work harder.
He may very well have a difficult life at another firm and be miserable. A lot of lawyers I know aren't happy until they go out on their own.
Also, while my husband's firm is more prestigious, my benefits are substantially better. It all depends.
If your husband is happy doing his own thing, I would leave him be.
I also agree that being fired is not a big risk for lawyers that work at firms. Usually people quit before they get fired b/c of the work load or firm politics. I work inhouse, and most of my law school buddies are super jealous of my schedule and work load.
At this stage (I'm 6 years in, and so are all my law school buddies) I've reached the point where a majority of my friends are now moving in house (about 70%). I know this happens, but it actually has really surprised me which ones have gone that route, though maybe it shouldn't. Some of the most successful ones are the ones going in house. The legal field IS tight right now, but it IS possible to find work if he really wants it, either working for a company or working for a firm. He may be right, though, that the hours will really su*ck, especially at first, at a firm. As a 5th year attorney, though, I think his experience will weigh more than his grades.
I only know 1 lawyer on her own, and she works harder than any of us b/c of the networking piece. If you do quit your job and you need benefits, I would suggest that you work with an insurance agent who can help you get a group plan anyway. For instance, your husband can hire you on as his secretary and then you two can get a group plan together. It's not going to be as cheap as what your job is offering you now, but it will be cheaper than your husband going out and buying a plan all on his own.
Your husband should also perhaps find a place where he can office with other solo practitioners that can help back each other up in a pinch and do some fee sharing. That's another way to get group insurance and a way you guys can get some down time. Actually, that may be what he really needs to do. That way he still is self employed (which is what it sounds like is the root of why he likes what he does) but he is able to have some small amount of group support.
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I am a lawyer at a big firm, and other PPs are right - good legal jobs are pretty hard to come by right now. Perhaps he could join a small firm as a partner/associate and work out an arrangement where he'll get paid what he bills? That way, there is "back-up" but he still has control over his practice.
I do know the legal field is tight in terms of hiring and the hours are long. DH already works long hours so (to me) it is worth at least looking at a position with a firm or in-house that may have additional benefits since he already works the hours. Since I'm not an attorney and DH has never worked for a firm, I am not sure which of his reasons for staying self-employed are legitimate and which are just based on what he hears. Especially since (in my experience) people tend to complain more about the bad parts of their jobs rather than extol the good - I can be guilty of this as well.
I appreciate all the responses, gives me some good thoughts to mull over.
My firm does not have a billable hours requirement - and associates are generally hired with the expectation that they will become shareholders. It's all about collections. Most of the attorneys in my office are in by 9 and out the door shortly after 5. They rarely work weekends.
So, I don't think it's necessarily the case that the firm will own him - I work 9 to 5 (through lunch to justify leaving the office early) and rarely work weekends. My work load is picking up as I'm transitioning to shareholder, but it is not anything approaching the hours requirement of a major law firm. (Neither is my salary, however.) But, it's definitely firm specific as to the work load that is expected of attorneys, especially junior partners/associates.
The legal market has contracted in the last few years, perhaps permanently. Firms may not be interested in associates. However, if your husband has a successful solo practice and a book of business, he may be more appealing to firms, depending on their compensation scheme. Our firm isn't hiring associates, but we've added two partners and an attorney of counsel in the last two years because it was financially advantageous for all parties. A good friend of mine just joined a small firm in the Bay Area after a couple of years as a solo in part because she wanted more stability as she and her husband think ahead to having children. She's been really happy with the switch, but hers is a family friendly/lifestyle firm.
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