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

Forum Index » Jobs and Careers

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

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][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]

OP here.  Thx for this input.  I guess my DH is a glorified associate, but even an associate would get some billable work to do.

At least he gets the "partner" title, which is definitely helpful in trying to build up a book of business.

I guess his situation does not fit neatly into any category.  He is paid a gross amount (and we get a schedule K instead of a W-2, creating a lot of extra tax work for me).  I think he'll try to continue to build up his book of business, and then if more conflicts arise at the current firm, he'll leave for another firm or set up his own shop.  DH seems content in the situation, even if he's kind of surprised and disappointed that no one has given him any billable work.  He's looking on the bright side -- he likes being his own boss, and not having the hierarchy of the federal government.  He's got plenty of leisure time.  So it's not all bad.[/quote]

And what do you do, Wife?[/quote]

🤣 OP DH must have sold her about this life changing career move, where he would be making the big bucks, but he was hired as some underpaid lackey but is fine with the limited hours for double the pay. Meanwhile OP had been shopping for beaches houses and suddenly realized the reality. [/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