Big law - salaries

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If you are in a V100 firm and bring in between $3-4 million a year how much would you expect to be paid?

DH has been with a V20 firm for five years since graduating from Stanford with a J.D. / Ph.D. combo. Started as an associate based in San Francisco making $250K base + $50K bonus, billing about 2000 hours per year. By year 3, DH was offered a non-equity partnership position making about $475K base + $190K bonus but with billing down to about 1500 hours on much higher profile clients. At year 5, DH is now an equity partner with a substantial book of business and has relocated with his firm to D.C. The buy-in to equity, relocation expenses, and country club skip-the-line membership to Congressional was waived as part of his prior year bonus and we’re now looking at an anticipated total compensation of about $1.8M in 2025. His billable hours are down to about 1200 this year, but he’s also bringing in nearly $9M, mostly IP law representation for high-end corporate clients in AI and tech.

Hope this helps, OP!

That sound very specific and easily googled

You can easily go on the V20 websites and see there are no partners (equity or non-equity) that are only 5 years out of law school. This doesn't happen.

Agreed. It’s laughable.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If you are in a V100 firm and bring in between $3-4 million a year how much would you expect to be paid?

I am an attorney but not big law - genuine question: shouldn't you know how much you will be paid? or at least have an idea? is this someone speculating about someone else's salary?

I'm guessing OP is a wife who thinks her husband should be making more.

A lot of these big law compensation threads seem to be wives trying to understand how much money their man can/should make. The implication is that they need or covet more. Gross.

DP but it's an expensive area, especially with kids. How can wives not be we thinking about fiances?!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If you are in a V100 firm and bring in between $3-4 million a year how much would you expect to be paid?

I am an attorney but not big law - genuine question: shouldn't you know how much you will be paid? or at least have an idea? is this someone speculating about someone else's salary?

I'm guessing OP is a wife who thinks her husband should be making more.

A lot of these big law compensation threads seem to be wives trying to understand how much money their man can/should make. The implication is that they need or covet more. Gross.

DP but it's an expensive area, especially with kids. How can wives not be we thinking about fiances?!

You're right. Big law attorneys are basically in the breadlines.

[Anonymous]

If this is a one off year, then maybe 800 or 900k, assuming there’s a bonus structure that reflects the business brought in. If you’re saying you bring in three or 4 million a year on a consistent basis, then you should be paid more. But you will be dinged for the low billable hours, because greedy overlords will assume you could be bringing in $6 million in business if you just worked harder.

[Anonymous]

Anonymous wrote:

Anonymous wrote:If you are in a V100 firm and bring in between $3-4 million a year how much would you expect to be paid?

I am an attorney but not big law - genuine question: shouldn't you know how much you will be paid? or at least have an idea? is this someone speculating about someone else's salary?

I’m a first year equity partner and don’t expect to know how much I’ll be paid until Jan or so. We get monthly and quarterly advances (latter of which are mostly to pay estimated taxes) based on anticipated revenue and then trued up after the end of the year.

[Anonymous]

Anonymous wrote:

Anonymous wrote:If you are in a V100 firm and bring in between $3-4 million a year how much would you expect to be paid?

DH has been with a V20 firm for five years since graduating from Stanford with a J.D. / Ph.D. combo. Started as an associate based in San Francisco making $250K base + $50K bonus, billing about 2000 hours per year. By year 3, DH was offered a non-equity partnership position making about $475K base + $190K bonus but with billing down to about 1500 hours on much higher profile clients. At year 5, DH is now an equity partner with a substantial book of business and has relocated with his firm to D.C. The buy-in to equity, relocation expenses, and country club skip-the-line membership to Congressional was waived as part of his prior year bonus and we’re now looking at an anticipated total compensation of about $1.8M in 2025. His billable hours are down to about 1200 this year, but he’s also bringing in nearly $9M, mostly IP law representation for high-end corporate clients in AI and tech.

Hope this helps, OP!

It does not help. We know you are lying because of the reference to the Congressional membership. No biglaw firm has that kind of pull. And "buy in equity" is an odd phrase. That can't be waived. It is a partnership and you have to have put in the right amount of capital or it screws up the taxes for all of the partners. Now could a bonus cover capital? It could but really doubtful the bonus would have been high enough. Also 1200 hours can't be done anywhere.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If you are in a V100 firm and bring in between $3-4 million a year how much would you expect to be paid?

I am an attorney but not big law - genuine question: shouldn't you know how much you will be paid? or at least have an idea? is this someone speculating about someone else's salary?

I'm guessing OP is a wife who thinks her husband should be making more.

A lot of these big law compensation threads seem to be wives trying to understand how much money their man can/should make. The implication is that they need or covet more. Gross.

I am a big law wife and you couldn't be more wrong. I don't know a single partner's wife who doesn't work.

I'm a partner's wife who doesn't work and I'd say probably 1/3 of my husband's fellow partners (and associates who have children) have a non-working spouse. Or some will "teach preschool 3 mornings a week" or teach yoga a few hours a week or something like that.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If you are in a V100 firm and bring in between $3-4 million a year how much would you expect to be paid?

I am an attorney but not big law - genuine question: shouldn't you know how much you will be paid? or at least have an idea? is this someone speculating about someone else's salary?

I'm guessing OP is a wife who thinks her husband should be making more.

A lot of these big law compensation threads seem to be wives trying to understand how much money their man can/should make. The implication is that they need or covet more. Gross.

I am a big law wife and you couldn't be more wrong. I don't know a single partner's wife who doesn't work.

I'm a partner's wife who doesn't work and I'd say probably 1/3 of my husband's fellow partners (and associates who have children) have a non-working spouse. Or some will "teach preschool 3 mornings a week" or teach yoga a few hours a week or something like that.

My actual dream

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If you are in a V100 firm and bring in between $3-4 million a year how much would you expect to be paid?

I am an attorney but not big law - genuine question: shouldn't you know how much you will be paid? or at least have an idea? is this someone speculating about someone else's salary?

I'm guessing OP is a wife who thinks her husband should be making more.

A lot of these big law compensation threads seem to be wives trying to understand how much money their man can/should make. The implication is that they need or covet more. Gross.

I am a big law wife and you couldn't be more wrong. I don't know a single partner's wife who doesn't work.

I'm a partner's wife who doesn't work and I'd say probably 1/3 of my husband's fellow partners (and associates who have children) have a non-working spouse. Or some will "teach preschool 3 mornings a week" or teach yoga a few hours a week or something like that.

Thus 2/3 of the partners wives (the majority) work.

[Anonymous]

Anonymous wrote:

Anonymous wrote:If you are in a V100 firm and bring in between $3-4 million a year how much would you expect to be paid?

DH has been with a V20 firm for five years since graduating from Stanford with a J.D. / Ph.D. combo. Started as an associate based in San Francisco making $250K base + $50K bonus, billing about 2000 hours per year. By year 3, DH was offered a non-equity partnership position making about $475K base + $190K bonus but with billing down to about 1500 hours on much higher profile clients. At year 5, DH is now an equity partner with a substantial book of business and has relocated with his firm to D.C. The buy-in to equity, relocation expenses, and country club skip-the-line membership to Congressional was waived as part of his prior year bonus and we’re now looking at an anticipated total compensation of about $1.8M in 2025. His billable hours are down to about 1200 this year, but he’s also bringing in nearly $9M, mostly IP law representation for high-end corporate clients in AI and tech.

Hope this helps, OP!

Y’all get on here and write anything

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If you are in a V100 firm and bring in between $3-4 million a year how much would you expect to be paid?

DH has been with a V20 firm for five years since graduating from Stanford with a J.D. / Ph.D. combo. Started as an associate based in San Francisco making $250K base + $50K bonus, billing about 2000 hours per year. By year 3, DH was offered a non-equity partnership position making about $475K base + $190K bonus but with billing down to about 1500 hours on much higher profile clients. At year 5, DH is now an equity partner with a substantial book of business and has relocated with his firm to D.C. The buy-in to equity, relocation expenses, and country club skip-the-line membership to Congressional was waived as part of his prior year bonus and we’re now looking at an anticipated total compensation of about $1.8M in 2025. His billable hours are down to about 1200 this year, but he’s also bringing in nearly $9M, mostly IP law representation for high-end corporate clients in AI and tech.

Hope this helps, OP!

Y’all get on here and write anything

For an equity partner at a top firm, that comp sounds low after 5 years as a partner.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If you are in a V100 firm and bring in between $3-4 million a year how much would you expect to be paid?

DH has been with a V20 firm for five years since graduating from Stanford with a J.D. / Ph.D. combo. Started as an associate based in San Francisco making $250K base + $50K bonus, billing about 2000 hours per year. By year 3, DH was offered a non-equity partnership position making about $475K base + $190K bonus but with billing down to about 1500 hours on much higher profile clients. At year 5, DH is now an equity partner with a substantial book of business and has relocated with his firm to D.C. The buy-in to equity, relocation expenses, and country club skip-the-line membership to Congressional was waived as part of his prior year bonus and we’re now looking at an anticipated total compensation of about $1.8M in 2025. His billable hours are down to about 1200 this year, but he’s also bringing in nearly $9M, mostly IP law representation for high-end corporate clients in AI and tech.

Hope this helps, OP!

Y’all get on here and write anything

For an equity partner at a top firm, that comp sounds low after 5 years as a partner.

PP was claiming DH is making this much five years after graduating law school and in first year as an equity partner.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If you are in a V100 firm and bring in between $3-4 million a year how much would you expect to be paid?

DH has been with a V20 firm for five years since graduating from Stanford with a J.D. / Ph.D. combo. Started as an associate based in San Francisco making $250K base + $50K bonus, billing about 2000 hours per year. By year 3, DH was offered a non-equity partnership position making about $475K base + $190K bonus but with billing down to about 1500 hours on much higher profile clients. At year 5, DH is now an equity partner with a substantial book of business and has relocated with his firm to D.C. The buy-in to equity, relocation expenses, and country club skip-the-line membership to Congressional was waived as part of his prior year bonus and we’re now looking at an anticipated total compensation of about $1.8M in 2025. His billable hours are down to about 1200 this year, but he’s also bringing in nearly $9M, mostly IP law representation for high-end corporate clients in AI and tech.

Hope this helps, OP!

Y’all get on here and write anything

For an equity partner at a top firm, that comp sounds low after 5 years as a partner.

PP was claiming DH is making this much five years after graduating law school and in first year as an equity partner.

Ah indeed! Clearly reading comprehension is not my strong suit. This is why I’m just the spouse and not the actual law firm partner. Now I understand why everyone said it was fake!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If you are in a V100 firm and bring in between $3-4 million a year how much would you expect to be paid?

DH has been with a V20 firm for five years since graduating from Stanford with a J.D. / Ph.D. combo. Started as an associate based in San Francisco making $250K base + $50K bonus, billing about 2000 hours per year. By year 3, DH was offered a non-equity partnership position making about $475K base + $190K bonus but with billing down to about 1500 hours on much higher profile clients. At year 5, DH is now an equity partner with a substantial book of business and has relocated with his firm to D.C. The buy-in to equity, relocation expenses, and country club skip-the-line membership to Congressional was waived as part of his prior year bonus and we’re now looking at an anticipated total compensation of about $1.8M in 2025. His billable hours are down to about 1200 this year, but he’s also bringing in nearly $9M, mostly IP law representation for high-end corporate clients in AI and tech.

Hope this helps, OP!

Y’all get on here and write anything

For an equity partner at a top firm, that comp sounds low after 5 years as a partner.

PP was claiming DH is making this much five years after graduating law school and in first year as an equity partner.

Good catch! Definitely did not happen. 8-9 years to income and another 3-5 for equity.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If you are in a V100 firm and bring in between $3-4 million a year how much would you expect to be paid?

DH has been with a V20 firm for five years since graduating from Stanford with a J.D. / Ph.D. combo. Started as an associate based in San Francisco making $250K base + $50K bonus, billing about 2000 hours per year. By year 3, DH was offered a non-equity partnership position making about $475K base + $190K bonus but with billing down to about 1500 hours on much higher profile clients. At year 5, DH is now an equity partner with a substantial book of business and has relocated with his firm to D.C. The buy-in to equity, relocation expenses, and country club skip-the-line membership to Congressional was waived as part of his prior year bonus and we’re now looking at an anticipated total compensation of about $1.8M in 2025. His billable hours are down to about 1200 this year, but he’s also bringing in nearly $9M, mostly IP law representation for high-end corporate clients in AI and tech.

Hope this helps, OP!

That sound very specific and easily googled

I am sorry you are at a sharty club like Congo. Distant and crowded sounds so not fun.