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Reply to "Is making biglaw income partner worth it?"
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[quote=Anonymous]Junior non-equity partners at most firms make only slightly more than senior associates -- maybe a difference of $50-100k. The difference is greater as you go up the Vault rankings. Non-equity partners who stick around a few years can generally earn around $1m or more, depending on the firm. Partner responsibilities vary but will probably amount to a few hundred hours, whereas senior associates can often get away with very little. Job security is marginally better than as a senior associate; you probably won't be pushed out over a few bad months, but you're still dependent on clients/rainmakers for billable hours, and if you don't bill enough you'll be pushed out eventually. As far as whether it's worth it, that depends on whether you can tolerate the job as a senior associate. Some clients and partners are decent to work for and some are absolutely miserable. If you're unhappy as a senior associate you're probably better off finding something else to do than gunning for partner, unless you have a near-term exit strategy. If you are really interested, you can get a lot of data points by looking at financial disclosures from Biden and Trump appointees.[/quote]
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