Reply to Super frustrated re dh’s salary

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]First, being a top biller doesn’t matter.  What matters is how much he generates in billables/collections, not just for his own work but also for work others do for his clients.  The most valuable partners don’t bill a whole lot of their own time, but generate a ton of billable time by others.

Second, there’s no way to know what this means without knowing whether it’s isolated to him/his practice, or is a first-wide equity restructuring. [/quote]

This guy gets it. It's not about the hours he bills, it's about how much he originates. Being a high biller as a partner is economically the same as a high billing associate. [/quote]

Plus, if he’s an equity partner (so an actual partner, not a in-name-only-partner), he’s part-owner, and therefore he, and all the other partners, SHOULD take a hit in personal income if profitability for the firm is down as a whole.   If he’s not an originator, then his income will be cut more than those who actually have the clients. [/quote]

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