ATTN: Biglaw people

[Anonymous]

What's the estimated income of a 4th year equity partner at a v10 firm?

[Anonymous]

Anonymous wrote:What's the estimated income of a 4th year equity partner at a v10 firm?

Probably varies by firm, practice area, and comp system, but I'd say average probably 3 million or so.

[Anonymous]

Anonymous wrote:What's the estimated income of a 4th year equity partner at a v10 firm?

Depends on the pay structure. My firm is largely eat what you catch.

[Anonymous]

Anonymous wrote:

Anonymous wrote:What's the estimated income of a 4th year equity partner at a v10 firm?

Depends on the pay structure. My firm is largely eat what you catch.

Same here. Rough justice, as a 4th year, it's probably 20% - 30% of your book of business.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What's the estimated income of a 4th year equity partner at a v10 firm?

Depends on the pay structure. My firm is largely eat what you catch.

Same here. Rough justice, as a 4th year, it's probably 20% - 30% of your book of business.

Who is the v10?

None of the top firms have an eat what you kill as direct as above. If by v10 you mean the top of biglaw ---- 4th year partner --- 1.2 - 1.5 million regardless of business. If they do have more than say 7 million then higher.

[Anonymous]

Anonymous wrote:

Anonymous wrote:What's the estimated income of a 4th year equity partner at a v10 firm?

Probably varies by firm, practice area, and comp system, but I'd say average probably 3 million or so.

way too high for a 4th year partner.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What's the estimated income of a 4th year equity partner at a v10 firm?

Depends on the pay structure. My firm is largely eat what you catch.

Same here. Rough justice, as a 4th year, it's probably 20% - 30% of your book of business.

Who is the v10?

None of the top firms have an eat what you kill as direct as above. If by v10 you mean the top of biglaw ---- 4th year partner --- 1.2 - 1.5 million regardless of business. If they do have more than say 7 million then higher.

Yea, I agree with this. The "eat what you kill" posters are definitely not V10 partners. Those firms start out largely lock step and will only progress to "eat what you kill" with time.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What's the estimated income of a 4th year equity partner at a v10 firm?

Depends on the pay structure. My firm is largely eat what you catch.

Same here. Rough justice, as a 4th year, it's probably 20% - 30% of your book of business.

Who is the v10?

None of the top firms have an eat what you kill as direct as above. If by v10 you mean the top of biglaw ---- 4th year partner --- 1.2 - 1.5 million regardless of business. If they do have more than say 7 million then higher.

It is structured differently, but it roughly correlates with 2-% - 30%.

[Anonymous]

8 of the V10 are New York law firms. The other two are Kirkland and Latham. Virtually all of them now have two tier partnerships. If you're a 4th year equity partner, you're killing it in every one of those firms. You might not be making 3 million, but you gotta be making $2 million at least.

[Anonymous]

Non Biglaw folks tend to underestimate how much money the Biglaw partners at the top firms are raking in. It's a lot.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What's the estimated income of a 4th year equity partner at a v10 firm?

Probably varies by firm, practice area, and comp system, but I'd say average probably 3 million or so.

way too high for a 4th year partner.

I work at one of these firms. At my firm, it's probably closer to 2.5 for a 4th year, but 3 million is not far off. At Kirkland, first year equity partners start at 3 million. They are of course on the higher end, but most or all of the V10 will be in the 2-3 million range for a 4th year partner.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What's the estimated income of a 4th year equity partner at a v10 firm?

Probably varies by firm, practice area, and comp system, but I'd say average probably 3 million or so.

way too high for a 4th year partner.

+1

[Anonymous]

Agree on 2-3M. A decade ago, first year equity was making 1m at my V10.

[Anonymous]

Apples and Oranges here. OP are you asking at firms that have two tiers. At most firms with two tiers, a fourth year partner is not on the equity tier or is just on the equity tier.

[Anonymous]

Anonymous wrote:Agree on 2-3M. A decade ago, first year equity was making 1m at my V10.

Yep, a decade ago as a first year partner, I made around 1.4 or 1.5 I think (PP from above who said it's likely 2-3 mm for a 4th year at V10).