Reply to How much does junior partner at top DC law firm make?

Forum Index » Jobs and Careers

Reply to "How much does junior partner at top DC law firm make?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]It really depends on the firm and what you mean by a "top" firm.  It also depends on whether you are taking equity partner or not.

[b]If you are talking about equity partner at a truly top firm, you are talking a good bit higher than what PP's posted and it will outstrip what the person was making as an associate.[/b]

It will also depend on the degree to which the partner already has his/her own clients, and to a lesser degree the person's practice area.[/quote]

Yes.  There is a definitely a cash flow issue with the first year, mainly because you have to pre-pay your taxes on money that you won't see for quite some time.  That's rough the first year, so you need to make sure you have a cushion and don't spend it before you have it.  Also, depending on the firm, the buy-in can be rough or not.  Some firms just lend you the money for the buy-in, at basically no interest, so it isn't a big deal.  The poiint about clients and practice area are, I think, very firm dependent.  Different firms do that very differently -- some don't really follow the eat what you kill model, but have a more communal model that is based on things like hours worked, firm citizenship and other factors in addition to rain-making.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics