Reply to Partner @ Law Firms - Unanticipated Expenses/Income or Disappointed with Starting Compensation

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[quote=Anonymous]To those of you questioning how anyone can take a job without knowing the comp -- let's just say that biglaw operates on the same business model now as it did a 100 years ago and there is no desire to evolve. At my firm, partnership is the brass ring -- if you dare question anything about it (esp. the money), you are branded as not wanting it "enough." In the opinion of the senior partners, the work, life and prestige is so awesome that you should want it even if they pay you 100k.

As for asking partners that you are close with, at my firm, the majority don't tell the truth. There are mid level (age 40s) partners who are totally insecure and need to justify their life choices who have said "no partner in the firm makes less than $x." I know junior partners who say "I made less than the senior associates this year," which would be $x-$300,000. Clearly someone is not telling the truth. Frankly, as business has slowed across the industry, I don't know if comp is what it used to be but most don't want to admit that since it is the brass ring; junior partners at many firms are responsible for a lot of overhead, which has to push their comp down.[/quote]

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