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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]When my DH was a non-equity partner (w2 employee) and brought in 3m, but “only” billed 1500ish hours, he made 500-600k/year. Those numbers are probably the lowest acceptable origination figures to get pushed through to equity at his firm. An equity partner would probably have made 1m off that book but there are a lot more costs associated with being an equity partner (tax structure, insurance costs, buy-in, etc.) so total comp probably is really about the same. [/quote] Non equity partners and their spouses like to think it’s “about the same,” but as someone who has been in both positions, I can assure you it isn’t. You want to be an equity partner.[/quote] Your snarky reply is not necessary. I understand how it works and I was merely commenting on the asked question and used numbers specifically for total comp purposes in one particular year, and purposely leaving current personal info out. [/quote] But you were wrong. [/quote]
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