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Does Leaving Law Mean Not Earning Enough Money?

If you’re unhappy practicing law, are you feeling frozen in place due to a fear that you wouldn’t earn enough money if you were to leave law practice?

Leaving law does not necessarily mean a major loss in income – and a decrease in pay might only be temporary.

I get asked about this topic a lot, so I made a video to help you think it through:

Some key takeaways from this video:

1) Most of the time when people tell me they’re concerned they won’t earn enough money if they leave law practice, they have not yet determined what path(s) interest them. Don’t fall into that trap of putting the cart before the horse.

The first steps are to determine what career path(s) fit you and to assess your financial needs and goals. Then you can research whether you would actually earn enough money in the path(s) to meet your needs and goals.

2) Think long term. If a step back in pay is actually necessary, that step back may only be temporary. Your research will determine the reality.

3) Determine your priorities. If doing more fulfilling work would require you to adjust your life (and perhaps your family’s life) to accommodate a temporary step back in pay, is that worth it to you? What if it was a permanent step back in pay? What is most important to you?

Are you someone who believes work is something you suffer through and make as much money as possible from so you can enjoy your nights and weekends? Or are you someone who feels a need to find meaning in your work and do something that excites you most of the time?

There’s no right or wrong answer here…and there’s no better or worse way to be. But it does tie in with your priorities, which can help to point you in the right direction.

4) Finally, remember that it’s pretty rare that you’ll find someone who has left law and regrets it – even if they’re making less money.

If you’d like help determining your priorities, alternative careers that fit you, and how to go about breaking into those careers, check out my JD Refugee® class. It’s an online class with videos and exercises that you consume at your convenience and it includes live group calls every other week led by me.

If you want to learn more about the class beyond what you find from the above link, check out my webinar presentation by clicking the image below:

The webinar will also provide you with guidance on how to transition from law practice to fulfilling alternative careers. You’ll get actionable tips you can start doing right away. Set aside around 1 hour to watch.

If you like what you learn in the presentation, you’ll love my JD Refugee® class, which takes everything to the next level.

Check out the class and/or the presentation and always feel free to contact me if you have questions.

Related Posts:

Finding Your Career
Leaving Law
Popular Careers For Lawyers Beyond Law Practice

 

GET MY FREE SELF-ASSESSMENT!

Thinking of leaving the law? The best first step you can take is a good look in the mirror. START HERE:

it's free!
You’ll also get periodic updates, reminders & access to career guidance programs sent to your inbox. We respect your privacy. You can unsubscribe via a click at any time.