Reply to Getting out of the rat race at 35 (biglaw)

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]You make $650,000 as a non-equity partner?  I call troll.[/quote]

Yeah that is pretty bizarre. [/quote] there are top tier firms with t tier partnerships (income vs equity) that pay this much for non equity partners. [/quote]

I'm not certain it is definitively impossible, but most of the top paying firms in DC are not two tier. And most two tier firms don't pay their non-equity partners that much. And OP basically guaranteed that in two years, OP would be made equity, which seems like an impossible thing to even kind of guarantee at any of the firms that pay this much. Whole thing just seems a bit off.[/quote]

Oh I dunno.  My DH does international tax law, and that specialty definitely makes cash money - MUCH MUCH more (as a routine matter)  than litigation-types.  After all, if your tax scheme (literally) saves the company a billion dollars . . . you are going to get paid.  I'm shocked by the job offers he (and his peers) have gotten.[/quote]

What level is he? The cases I work on are also worth billions. That doesn't mean the firm returns a sizeable portion of it to me. My salary is plenty high but with a non-equity stake I'm still making 1/6th of my direct billables.[/quote]

DH made that at 35, but was a partial equity partner. Made full equity two years later. First year as a full partner, he made 1.1M. But, at his old firm, PPP for a first year full equity partner were only about 650K.  There is a big range in firm's PPP and in how they use the term "partner."  At my firm, PPPs are less lock step and some partners make lots while some make much less. [/quote]

Partial equity partner?  Never heard of such a thing.  What firm?[/quote]

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