Lawyers spend so much of their time protecting, allocating, litigating over, and negotiating with other people’s money, yet many of those same lawyers treat their own finances with a lack of care bordering on negligence.

What’s the biggest financial problem young lawyers have?

They’re so focused on the debt, but that’s one of many things they have to address. It’s not small debt — it’s huge. Putting every single dollar into paying student loans is just not realistic, because they’ll lose...

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