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Reply to "Help explain compensation for new law firm partners?"
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[quote=Anonymous][quote=Anonymous]OP here - this is maybe going to make this post sound made up, but he was just offered “partner” and not sure if it is equity or non equity. Do all firms use that model? This sounds so bad that neither one of us know what we are getting into here, ha! I know some of his salary will be withheld each paycheck. He gets all benefits through my work. Assume more info will be forthcoming. The 305 was before bonus but his bonus was never much, maybe 5-10k? I am guessing from these reactions that he was/is underpaid. He isn’t in litigation or any rainmaker practice groups.[/quote] He must know whether it is equity or non-equity.[/quote]
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