The Financial Life of Ally McBeal

the financial life of ally mcbeal

When you think of the most famous attorneys – it’s a lot of men. Even famous fictional lawyers tend to be men – Perry Mason, Atticus Finch, Bob Loblaw. But there are also a lot of great female attorneys – real and fictional. And it’s easy to forget that. So this is just a fun series to remind us of some of them, with an added personal finance twist And we’ll start with my favorite of all time.

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15 Financial Challenges For Female Attorneys

Personal finance is different for each person, and that’s especially true for women lawyers. Factors like giant student loan debt, no work life balance, lack of financial confidence, the glass ceiling – are just a few things that make navigating finances as a woman attorney different from others.

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Female lawyers face their own unique personal finance challenges. They call it personal finance because the principles are not universal. If you’re a lawyer, you will likely accrue a lot of debt and no earnings while attending law school. It might still be a good decision because you are pursuing the career you want and are potentially setting yourself up for higher earnings. If you take a pay cut so that you can care for your family, that also might be the right financial decision for you, even though you are not saving.

Personal finance looks different for each individual depending on their circumstances and the stages in their lives. You might ask why this site focuses on women lawyers and it’s because female lawyers have different financial circumstances than male lawyers or women in other professions, due to a variety of systemic problems and societal norms. These differences are not necessarily night and day from other people’s experiences, but it’s different enough to warrant different advice. Below I explain some of these differences.

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