What do you make as a BigLaw partner?

[Anonymous]

Anonymous wrote:As a senior associate, I make $280-$300K with bonus. If I make partner, I expect that to modestly increase for the first year, but with offsetting expenses like health care (though my firm pays less and less of that as you become more senior). My firm doesn't have non-equity partners.

Don't forget your capital contribution, and paying taxes in each jurisdiction in which the firm has an office -- those are big offsetting expenses as well.

[Anonymous]

Anonymous wrote:

Anonymous wrote:As a senior associate, I make $280-$300K with bonus. If I make partner, I expect that to modestly increase for the first year, but with offsetting expenses like health care (though my firm pays less and less of that as you become more senior). My firm doesn't have non-equity partners.

Don't forget your capital contribution, and paying taxes in each jurisdiction in which the firm has an office -- those are big offsetting expenses as well.

Can someone explain the whole paying taxes in each jurisdiction thing? Does every partner file a return in each state the firm is in? What does each partner claim for income in each state? What if you live in a state that the partnership is not in, what do you file there?

[Anonymous]

Anonymous wrote:Better question is how many of them can have dinner with their kids each night? help out with the kids, fold laundry, make dinner, do the dishes, kiss the kids good night?

Oh wait we have a lot of money so I can play around all day with my lover and be the good little wife.

Hahahah. That's so me!

[Anonymous]

My firm is NY based w/over 500 lawyers but less than 1,000. Equity-only partnership. We were told this year that 1st year partners make in the 850K range. That said, they RARELY make partners. The firm's PPP are over 2 million/year.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Better question is how many of them can have dinner with their kids each night? help out with the kids, fold laundry, make dinner, do the dishes, kiss the kids good night?

The two PPs who responded that their DHs were at home regularly before bedtime are unfortunately NOT the norm from what I've observed. As partner, work habits are ingrained and corporate firm partners still work notoriously late hours. They also have to travel at the drop of a hat if a major client needs to see them. Fortunately, most biglaw attys do not go to trial, but if they do, you almost never see them leave the office when a trial is coming up.

My guess is that the PPs whose DHs make it home for dinner were in a way always like that and managed to buck the trend. The culture of biglaw in DC is such that late hours--even if it means, or especially if it means shooting the sh-- with the other guys--are rewarded.

100% this. DH is never around as he is biglaw partner. Unfortunate for our 12 week old baby. And for him since when she's held by him, she cries. She doesn't even know her own dad!

[Anonymous]

No one uses the term TTT but little law students and the crybabies on Above the Law. Time to grow up. You are in the real world now.

[Anonymous]

Still no clue what TTT means.

[Anonymous]

Doesn't TTT mean third tier? I see it all the time on ATL but I'm so far from the target demographic of ATL that I'm kind of clueless.

[Anonymous]

Third Tier Toilet---very derogatory term used almost exclusively by law students and immature posters on ATL. It has no place in the real world and its use after graduation shows extreme immaturity. Really unwise to refer to the school that your department head or primary partner attended as TTT. After you get your first job, no one cares where you went to school. It is all about billings and billable hours.

[Anonymous]

Anonymous wrote:Third Tier Toilet---very derogatory term used almost exclusively by law students and immature posters on ATL. It has no place in the real world and its use after graduation shows extreme immaturity. Really unwise to refer to the school that your department head or primary partner attended as TTT. After you get your first job, no one cares where you went to school. It is all about billings and billable hours.

I think TTT is funny, and used it in this thread. And I am a partner at a TTT firm.

[Anonymous]

Anonymous wrote:Third Tier Toilet---very derogatory term used almost exclusively by law students and immature posters on ATL. It has no place in the real world and its use after graduation shows extreme immaturity. Really unwise to refer to the school that your department head or primary partner attended as TTT. After you get your first job, no one cares where you went to school. It is all about billings and billable hours.

So speaketh the attorney who graduated from the TTT law school. Lighten up it's funny. My husband works at a TTT firm and we laugh about it all the time. Especially when he can't find a scanner that works or when the firm's network goes down, etc.

[Anonymous]

I agree with 15:18. The use of TTT is childish and immature. I have spent the last 25 years married to a Biglaw partner, socializing with Biglaw attorneys and their spouses and have never heard anyone outside of a pubic forum use the term TTT.

[Anonymous]

Anonymous wrote:I agree with 15:18. The use of TTT is childish and immature. I have spent the last 25 years married to a Biglaw partner, socializing with Biglaw attorneys and their spouses and have never heard anyone outside of a pubic forum use the term TTT.

because you are not in the TTT universe. Read the blogs linked here: http://temporaryattorney.blogspot.com/

[Anonymous]

Anonymous wrote:I agree with 15:18. The use of TTT is childish and immature. I have spent the last 25 years married to a Biglaw partner, socializing with Biglaw attorneys and their spouses and have never heard anyone outside of a pubic forum use the term TTT.

A pubic forum? Now that's a Freudian slip.

[Anonymous]

What do you make as a BigLaw partner?

Both too much and not enough, at the same time.