Reply to Q about Big Law - when you're an income partner, does the firm provide some billable work?

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[quote=Anonymous][quote=Anonymous]300 is insanely low for a V100 firm.  Senior associates make 415 plus a bonus of around 100.  An income partner should be making 500 minimum (including bonus).  I assume DH is at a smaller firm.

Anyway, firms intend for income partners to serve clients brought in by the rainmakers, but it doesn’t always work out this way in practice.  A lot of firms are terrible at evaluating their actual needs.  I’ve seen plenty of partners lateral from the government and bill very little for 2-3 years before being pushed out.  I would never go back to a firm unless I thought I could generate business myself (and it sounds like DH is having some success, which is good).
[/quote]

OP here.  This is very helpful feedback.  Thanks to the poster.

My DH was OK making $300K because he figured he didn't want the firm to over-pay him for not having clients at the outset.  So there's less pressure on the firm to let him go when his salary is not super high.  (Plus, he was accustomed to making $175K in the government for many years.)  If a senior associate is making 415, that's because they're billing a ton of hours.  In contrast, my DH was doing a lot of business development for his first year, until the clients starting coming in during the second year (with small-ish projects).

My DH is confident that his existing clients will follow up if he leaves.  I know that the firm likes the prestige of most of DH's clients, even though the clients are giving DH small-ish projects right now (hence bringing in $300K per year, which I know is low for a law firm.)

That's interesting about law firms being terrible at anticipating their needs, and then giving a lateral non-equity partner no work, and then pushing him out.  I guess that could happen here too, but DH could just take his clients and maybe set up his own shop.[/quote]

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