Law.com Subscribers SAVE 30%

Call 855-808-4530 or email [email protected] to receive your discount on a new subscription.

Managing Your Money: What Happens After Leaning In?

BY Bridget Grimes
November 26, 2013

Although Sheryl Sandberg's “Lean In” has prompted interesting discussions within the legal community, the book stops short of taking women to a very important step in their professional lives ' planning for their retirement. A focus group conducted by HoyleCohen, San Diego, CA, found that female law partners are not saving appropriately, putting money into wise investments or taking advantage of employer-sponsored retirement accounts. Further, they have little idea if they are on track toward a comfortable retirement ' or heading toward financial ruin.

Unique Challenges Faced by Female Attorneys

At the beginning of their careers, many lawyers face considerable debt. In 2011, the average student loan debt for public school graduates was $75,728, while private law school graduates had an average debt of $124,950 (not including other sources of debt, such as credit cards). As a result, many attorneys start out in the red, take a long time to move into the black, and have a poor track record when it comes to putting money aside for the future. Since women attorneys make less than their male counterparts throughout their lifetimes, this situation becomes especially worrisome for them.

This premium content is locked for Entertainment Law & Finance subscribers only

  • Stay current on the latest information, rulings, regulations, and trends
  • Includes practical, must-have information on copyrights, royalties, AI, and more
  • Tap into expert guidance from top entertainment lawyers and experts

For enterprise-wide or corporate acess, please contact Customer Service at [email protected] or 877-256-2473

Read These Next
Yachts, Jets, Horses & Hooch: Specialized Commercial Leasing Models Image

Defining commercial real estate asset class is essentially a property explaining how it identifies — not necessarily what its original intention was or what others think it ought to be. This article discusses, from a general issue-spot and contextual analysis perspective, how lawyers ought to think about specialized leasing formats and the regulatory backdrops that may inform what the documentation needs to contain for compliance purposes.

Hyperlinked Documents: The Latest e-Discovery Challenge Image

As courts and discovery experts debate whether hyperlinked content should be treated the same as traditional attachments, legal practitioners are grappling with the technical and legal complexities of collecting, analyzing and reviewing these documents in real-world cases.

Identifying Your Practice's Differentiator Image

How to Convey Your Merits In a Way That Earns Trust, Clients and Distinctions Just as no two individuals have the exact same face, no two lawyers practice in their respective fields or serve clients in the exact same way. Think of this as a "Unique Value Proposition." Internal consideration about what you uniquely bring to your clients, colleagues, firm and industry can provide untold benefits for your law practice.

Risks and Ad Fraud Protection In Digital Advertising Image

The ever-evolving digital marketing landscape, coupled with the industry-wide adoption of programmatic advertising, poses a significant threat to the effectiveness and integrity of digital advertising campaigns. This article explores various risks to digital advertising from pixel stuffing and ad stacking to domain spoofing and bots. It will also explore what should be done to ensure ad fraud protection and improve effectiveness.

Turning Business Development Plans Into Reality Image

This article offers practical insights and best practices to navigate the path from roadmap to rainmaking, ensuring your business development efforts are not just sporadic bursts of activity, but an integrated part of your daily success.