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Reply to "Biglaw - twelfth-year associate??"
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[quote=Anonymous][quote=Anonymous]Is there really that much of a difference between the associate, the "counsel" paid a salary, or the income partner? They're all paid a salary and are employees, not owners -- it is just nomenclature? [/quote] I wish. My DH went from federal government to a big law firm a few years ago, to an income partner position. It was a lot easier when he was a W-2 employee, than to have to pay the quarterly estimated taxes and file a Schedule K. (I do the taxes for our household.) Also, the benefits seem very stingy (compared to my job in-house in corporate America), but maybe that's true for associates too.[/quote]
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