Partner salary Forum

[citrus2010]

I know associate salaries are somewhat easy to find, but at these firms that start around $90,000 - $120,000 for first year associates and climb slowly through the first 5 or so years, what do partners make? Just curiously looking for an average of what a good lawyer in a good firm makes after 15 years.

Thanks!

[loveistheway]

millions

[citrus2010]

How accurate and realistic! Thanks. Give me some believable numbers. An average means averaging all partners. Not the top 1%.

[richmondguy3000]

NICE!!! I used to work in a big accounting firm and partners started at 280K - most of them maxing out at 500k at retirement time. I am glad I am going to law school as if and when I make a partner those tuition dollars will pay a 100 fold.

[loveistheway]

I only know one partner...ex-partner. He recently left his post a senior partner of M & A to go work in investment banking. For his firm, entry level partners were pushing a million, he was significantly north of that.

[citrus2010]

A million!? NYC?

[Renaixença]

NICE!!! I used to work in a big accounting firm and partners started at 280K - most of them maxing out at 500k at retirement time. I am glad I am going to law school as if and when I make a partner those tuition dollars will pay a 100 fold.

[Renzo]

I know associate salaries are somewhat easy to find, but at these firms that start around $90,000 - $120,000 for first year associates and climb slowly through the first 5 or so years, what do partners make? Just curiously looking for an average of what a good lawyer in a good firm makes after 15 years.

Thanks!

The biglaw firms almost all announce per partner profits, because it's a huge mine-is-bigger-than-yours competition (just like everything else in biglaw). Some are as high as 3 million/yr (+), most are around a million. But this doesn't usually count non-equity partners, and the equity partners may or may not actually take home all those profits.

I don't know of any midlaw firms that announce PPP, because they don't usually succumb to the chest-puffing that the big firms do, so finding out info for the firms you're asking about will probably be impossible.

[citrus2010]

That's why I was asking. I researched some, but to no avail. I'm assuming someone knows a parter in a midsize firm that isn't entirely closed up about his earnings. Something!

[Renaixença]

That's why I was asking. I researched some, but to no avail. I'm assuming someone knows a parter in a midsize firm that isn't entirely closed up about his earnings. Something!

I know two partners in California. They both make around $70,000 each.

They're not the lawyering kind of partners, though.

[jtoppe2]

That's why I was asking. I researched some, but to no avail. I'm assuming someone knows a parter in a midsize firm that isn't entirely closed up about his earnings. Something!

I know two partners in California. They both make around $70,000 each.

They're not the lawyering kind of partners, though.

hahahhahahaha

[citrus2010]

Best post of the evening! Thanks.

[RVP11]

This is a little old, but here you go:

http://www.law.com/special/professional ... 0_ppp.html

Many/most partners don't earn "salaries." If they do, their salaries are often lower than a first year associate's.

Typically an equity partner's pay is the total of their draws that year minus their investments in the firm. Some firms require partners to pay in quite a bit, some don't. But PPP is still a decent barometer of what the average equity partner at a given firm is making.

[Renzo]

This is a little old, but here you go:

http://www.law.com/special/professional ... 0_ppp.html

Many/most partners don't earn "salaries." If they do, their salaries are often lower than a first year associate's.

Typically an equity partner's pay is the total of their draws that year minus their investments in the firm. Some firms require partners to pay in quite a bit, some don't. But PPP is still a decent barometer of what the average equity partner at a given firm is making.

I was going to bitch that those were 10 years old, but at as far as the V50 firms, they are pretty close to what's been announced for last year. I'll bet some of the 100-200 firms (likely to be the firms OP was asking about) are doing a little better these days.

[msbeautifulbasham]

That's why I was asking. I researched some, but to no avail. I'm assuming someone knows a parter in a midsize firm that isn't entirely closed up about his earnings. Something!

I know two partners in California. They both make around $70,000 each.

They're not the lawyering kind of partners, though.

Hahahhaaha!! Thanks for the laugh. Perfect response!