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[quote=Anonymous]I left a V10 firm several years ago as a mid-level associate for a position at a smaller firm specialized in my subject area.  I am now a (non-equity) partner at the smaller firm, and the V10 firm that I left is recruiting me to come back as a (non-equity) partner to build up the practice in which I specialize.  I would be up for equity in two years at the V10.  I would put the odds of making equity at 50-50, at best.  At my current firm, I have been told (FWIW) that it is a matter of when, not if, I will make equity.

My current firm is full of genuinely nice people who, for the most part, are not workaholics but enjoy what they do.  They are very good lawyers, but are not at the same level of sophistication and skill as my former colleagues.  The firm itself is not particularly well-managed.  The V10 firm has some good eggs, but also has more than its fair share of ethically challenged, backstabbing sociopaths, and a business model that rewards workaholics and sharks.  But, they are uniformly excellent lawyers working on the biggest, most sophisticated matters, with oodles of awesome associates to help them.

My current base is about $150k less than my base would be at the V10 firm, but in good years my bonus (combined with the fact that the firm pays my healthcare insurance premiums, which the V10 does not) makes the money a wash.  Long-term, the money at the V10 would be much better, but that would depend on making equity, which is by no means a sure thing.

I have toddlers at home and a spouse with a flexible, low-hours job.  My spouse wants me to be home more and wants more money (go figure).

The way I see it, the V10 firm would be less fun, more work, better quality, and more money.  The current firm is less work, lesser quality, more fun, and less money.  Thoughts?[/quote]

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