Reply to If you or your SO works in Big Law, I have questions for you!

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[quote=Anonymous][quote=Anonymous]A little under a million a year here. I dont give a fuck what my 401(k) is, it caps out in no time - the max is what, $17K?. Ditto with FICA - that stops at 100k. Healthcare is a few hundred each paycheck, I dont really know. I bought a parking spot next door.

Honestly, with partner income, these numbers are not even remotely material and if a partner tried to come in arguing salary with me because of some bullshit monthly parking fee, I'd punch you in the face and tell you to get the fuck out of my office.  [/quote]

I doubt very much that you are a partner, in the 1mm range no less.  First, these and any compensation/expense questions are entirely legit and kudos for the OP looking into it now.  Second, if you really were a partner at a large firm, you would know that there are more partners than not (especially in this town in these lean days) that are making less than or equivalent to what a very senior associate or a highly compensated counsel is making.  As a more helpful pp noted, partners do not have things like benefits paid by the firm - they are paid by the individual partner as are 401k contributions, etc.  So, if a young partner comes onboard and is expected to pay-in a few hundred thousand into the partnership with the expectation of making only about 300k and also has to contribute all of his/her benefits, that is a very important financial balance to take into account.  At our firm, we have had partners inquire about becoming counsel and relinquishing their parter role because of these financial realities.  Frankly, the the generation in their 40's, that makes far more sense.

Good luck OP.[/quote]

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