Long hours, fierce competition, high expectations, no life. These are common complaints of many law firm associates, particularly those working in the world’s mega-firms. However, law firms are carving out new opportunities for those who seek a better work/life balance. For example, McDermott, Will & Emery has created a new tier of associates who work reduced hours and flexible schedules while enjoying big-firm status. What’s the catch? Those associates are paid lower salaries, are not eligible for partnership and handle mundane tasks such as document review.

This cutting-edge scheme is designed to reduce soaring legal costs and free up high-priced associates for more complex tasks. For those who want to step off the fast-track and enjoy life outside the firm while still retaining employment with a big-name firm, McDermott offers an enticing option. The firm estimates that this new class of associates will earn around 25 percent less than their higher-priced counterparts. That translates to around $120,000 per year – not bad for a 30-40 hour work week.

What are your thoughts? Is a better work/life balance worth sacrificing high pay and high-profile work?