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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]What you describe is not what an “income partner” is. My DH is an income partner. He is staffed on cases brought in by others or that he helped pitch, and makes more like $750k. There is never any “runway” at his firm for a lateral income partner because they’re not looking to take off for anything else. It sounds like what your husband has going on is that the firm was hoping he would bring in so much business he would make equity in 2 years, but also with such a low base they aren’t really upset that ramping up has not gone better. [/quote]
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