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Reply to "what is the typical equity partner buy-in (at law firms of various sizes) and how is that financed?"
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[quote=Anonymous]1. Most partners are rich by just about any measure. Even if their salary does not immediately skyrocket upon making partner, the salary increases over time , and their net worth quickly rises. 2. The average partner draw is well over a million at the bigger firms. So certainly some partners are making tons. Just not brand new ones. 3. Partner salaries used to be more lock step, meaning that regardless of whether our FIL was a rainmaker or just an average partner, he was probably making around the same amount as his other partners. Now they are less lockstep. One partner might never make much more than half a million a year, while another at the same firm pulls in 12 million. Hey're bith doing quite well, but the spread is much larger.[/quote]
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