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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Did you make equity partner or are you an income partner? What do you think set you apart? If you had done everything the same, but had not gotten in good with a rainmaker, do you think you would have still made partner?[/quote] OP here. Equity, but a very small (10%) equity component. I think the two reasons I made partner are (1) unique skillset and (2) the rainmaker - so I don't think I would have made it had I not gotten in with him. To answer some of the other questions, I expect my comp will be low 300s next year - I am at a firm ranked in the 50s-60s by Vault, and we do not pay associates lockstep (but do pay "market" to first year associates). There are fairly senior partners in my group with little or no business, and they will never make $1 million, and are likely topped out either in the high 300s or 400s. Not a bad outcome by any means, but in order to make serious money you have to bring in business. [/quote] Interesting - A V50-60 firm that doesn't necessarily pay market after first year and service partners who top out in the 300s or 400s. I would have expected the partner comp to be higher than that (but below $1M isn't a surprise to me) and most firms ranked that highly don't seem to have variable associate comp, although some don't match the Cravaths of the world for more senior associate comp. Quite an accomplishment, but this really puts a premium, even more than some other places, to make sure that you develop a book of business. (On the flip side, if they are willing to keep a number of service partners rather than pushing you out, 3-400s is still a real living.)[/quote]
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