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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I am a CPA for a few downtown and they (my clients) make between 3M and 7M fairly consistently. [b]Some do broach $10M+[/b][/quote]

That is insane! Wow.

So do most partners fall in the 3-7M range? And what are their ages?[/quote]

NO. Most do not. PP has somehow cultivated the higher end of the range for clients. [/quote]

Got it. So is that the top 10% of partners perhaps? [b]Rather, most big law associates are probably not looking at ultimately making $7M in later stages of career?[/b][/quote]

Virtually no big law associates are ultimately looking at making $7M in one year at any point in their future. You're talking about an anomalous situation. The CPA upthread is likely talking about a small group of self-selecting partners at a handful of firms that have ANYONE making that much. Partner comp is much or often in the range of 600k-2m. I have known partners who have never broken the 1m mark, and others who have done it only a handful of times.

Also, who knows where this is all headed, as there are a lot of shifts happening in the industry. Consolidation, competition from non-traditional legal providers, including the Big4. If I were a newly minted big law associate right now, I'd... stay flexible and keep my eyes open. No guarantees. Pay off your loans before you make any other plans.[/quote]

This is very enlightening. I've often wanted to ask other attys re: compensation but have not for fear of being uncouth. I left my mid sized firm many years ago now for solo life (no regrets) but wonder if the difference in pay was that stark. I'd never have been a big law partner (I wasn't even in big law) but this is still enlightening. [/quote]

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