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Reply to "Did anyone else's spouse kill it at Biglaw last month?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]He gets a set amount every month- always the same- always given- whatever that is called. Then he gets a draw which is what can wildly fluctuate- which was so high this month as in 200% - I was trying to find out of this is the climate seen across the board or I can just waut and see what comes in the next 6 months. Didn't know if it was unique or being seen across biglaw. [/quote] The set amount is the draw. The variable amount is the distribution. Yes they are typically largest in Jan/Feb/Mar (whenever the firm makes its final payout for 2012, which can vary widely by firm and depends how much they've already distributed). The final distribution, as it is sometimes called, can be huge - sometimes over $1 million for high performers. or it can be small if the firm did a good job of collecting during the year and made larger distributions during the year. It's kind of like being excited about a big tax refund - which is in reality just your money that you happened to pay too early. You REALLY need to ask your DH about this. The draws and distributions are all against whatever he is set to earn for the year. When it is paid out isn't particularly meaningful other than for budgeting purposes. I don't understand why you are posting about this question (and stupider I suppose that I am answering it) when he should be able to lay it all out for you.[/quote] Thanks so much PP! This is really helpful- and apologies I had the terminology all wrong. I don't want to talk to DH about it because he doesn't like to talk about it/acknowlegde how much he makes (not to me- just in general) Your explanation makes great sense, although I don't remember the huge payouts in Jan/Feb/Mar in years past. There is no bonus whatsoever just a fluctuating distribution every month. [/quote]
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