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045 The Sunk Costs Fallacy

The Former Lawyer Podcast

Release Date: 06/22/2020

TFLP 057: Employment Litigation to Human Resources Pro with Helynn Nelson  show art TFLP 057: Employment Litigation to Human Resources Pro with Helynn Nelson

The Former Lawyer Podcast

Have you ever looked at the people more senior than you at your firm, the partners and senior associates, and thought, "I don't want your life!" So did today's guest, Helynn Nelson. Helynn was an employment litigator in Biglaw, but the Biglaw lifestyle was not how she imagined spending the rest of her life. When she got pregnant with her first daughter, she decided to make some big changes that ultimately led her to her current role as an HR professional at Google.

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TFLP 056: From Law to Insurance to Joy Coach for High-Achieving Moms with Meghan Smith show art TFLP 056: From Law to Insurance to Joy Coach for High-Achieving Moms with Meghan Smith

The Former Lawyer Podcast

Who am I if I'm not a lawyer? My guest today, Meghan Smith, shares about her journey from big firm lawyer, to seemingly perfect job in an insurance firm, to her current gig as a joy coach for high-achieving moms. One of the most significant questions that Meghan had to grapple with was: who am I if I'm not an intellectual superstar? Today she's sharing about how she confronted this question and found her way to a career that's even more fulfilling than she expected.

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TFLP 055: From Law to Nursing with Hector Chavez show art TFLP 055: From Law to Nursing with Hector Chavez

The Former Lawyer Podcast

Do you think that you're too old to change careers and quit law? My guest today, Hector Chavez, decided to make the move from law to nursing right before his 40th birthday. He knew he wasn't happy with his legal career. But he worried that starting over at 40 was foolish.

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TFLP 054: From Biglaw to Legal Tech with Alex Su show art TFLP 054: From Biglaw to Legal Tech with Alex Su

The Former Lawyer Podcast

What do you do when you realize none of your strengths are rewarded in Biglaw—and many of your strengths are actually considered weaknesses? Hear how Alex Su went from a top law school to a top Biglaw firm, realized it wasn't for him, found his way into legal tech sales, and learned some important lessons on the way. Full show notes at formerlawyer.com/054.

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053 Annie Little: Commercial Lending & Real Estate Lawyer to Lawyer Career Coach show art 053 Annie Little: Commercial Lending & Real Estate Lawyer to Lawyer Career Coach

The Former Lawyer Podcast

Annie Little worked as a lawyer for 7 years before allowing herself to consider the possibility that there was a better path for her. In this conversation, we talk about how she made the transition to running her own lawyer career coaching business, and why moving towards something is so much more hopeful and empowering than running away from something else.

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052 Don't Wait Until You Feel Ready show art 052 Don't Wait Until You Feel Ready

The Former Lawyer Podcast

This week I'm reflecting on the one-year anniversary of the podcast!

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051 Annie Little: Lawyering (and Leaving Law) as an Anxious Extrovert show art 051 Annie Little: Lawyering (and Leaving Law) as an Anxious Extrovert

The Former Lawyer Podcast

We know that the mental health stats regarding lawyers are grim, but what is it really like to experience anxiety and panic as a lawyer? In this conversation (the first of two parts), Annie Little and I take a deep dive into our own experiences with generalized anxiety disorder and panic disorder. Annie has worked as a lawyer career coach for the last 7 years, and before that, practiced commercial lending and real estate law for 7 years.

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050 Andrea Yang: Litigator Turned Law School Career Counselor and Coach show art 050 Andrea Yang: Litigator Turned Law School Career Counselor and Coach

The Former Lawyer Podcast

Is quitting law without another job lined up a bad idea? When you're super miserable as a lawyer, you often find yourself wondering: can I just quit? My guest on today's podcast, Andrea Yang, did just that. After seven years as a lawyer, she quit her job and moved back in with her parents with no idea what she would do next. Hear how she found her way into and out of law.

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049 Mary Eberle: From Law Firm Partner to DNA Hunter show art 049 Mary Eberle: From Law Firm Partner to DNA Hunter

The Former Lawyer Podcast

Law is my second career—can I still leave? A lot of lawyers ask themselves this question. In this episode, Mary Eberle shares all about how she left the law, even though it was her second career, and even though she had been made a shareholder at her law firm! Hear how Mary found her way to her current career as a genetic genealogist and her advice to anyone who feels stuck in an unfulfilling legal career.

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048 Lauren Bernadett: From Law Firm to Conservation Non-Profit and Beyond, Part 2 show art 048 Lauren Bernadett: From Law Firm to Conservation Non-Profit and Beyond, Part 2

The Former Lawyer Podcast

In the second half of our conversation, Lauren Bernadett shares about the challenges she faced leaving her high-paying law firm job as a single person, trying to figure out what was next when she didn't have a "dream job" in mind, why what she's gained from leaving the law far outweighs what she's lost, and what she learned from listening to this podcast!

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More Episodes

On episode 045, we're tackling another myth that keeps lawyers stuck: the sunk costs fallacy.

Have you ever thought, "If I leave my job/the law, I'll be wasting all the time and money I spent becoming a lawyer!"

Of course you have, because literally every lawyer thinks this at some point (or daily).

In this episode, I talk about how to reframe your thoughts about waste when it comes to your career so that you have a better chance of creating a career and life that you love.

Free First Steps To Leaving The Law Guide—> formerlawyer.com/guide

Career Clarity Intensive Live Workshop—> formerlawyer.com/live