(1)(I make a little less now than I would make as a 1st year associate but after performing a discounted PV of the difference and it looks like I will be at a net loss of $250k if I retire at 70).
You should proceed on the basis that no financial help is coming. The question then is whether the non-monetary benefits of the (slight) career change are worth an NPV of $250,000 to you. Only you can judge that.
Quote from: Stencilasnusky on February 28, 2006, 10:27:33 AMWhat does this mean? Some first year associates make 40K, some make 140K. What is PV? A net loss of 250K at 70?
If 40k/year is more than 65% paycut for you, then you are making over 100k/year at your current job? Why would you even consider going to law school if it does not significantly improve your career prospect?