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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Only law students care about vault rankings. I don’t even know what mine is, but we are around amlaw 30. 4th yr ep could be anywhere from $1 to $5m. Largely dependent on book, though that’s not the only metric, and the way origination credits are tracked is a complicated and non-transparent thing[/quote]

This. Am non equity partner at amlaw 25-ish.

Non equity comp starts around $400 or so (I could be off by $100k either way) to $1.3m.  The starting non equity partners are at the low end, while those who are well liked, busy and within a few years of equity promotions are in the $700-850 range. Higher than that is for special cases like diamond cutters or partners with a lot of their own business.

Our equity partners have a guaranteed floor of something like $1.3 or $1.4. No one ever quite knows. From there, like the pp says, comp is a non transparent decision that ties to how many hours you directly work, how many hours you are the direct originator for (whether you work them or have someone else work them) and how many hours other partners split you in on their matters (acknowledging that you were a key driver in the bd on those matters). Comp for non equity starts low for a few years because they want to see a consistent upward growth trajectory. After a few years, most equity partners seem to be in the 2-3mm range.  And after 5-10 years equity, I think that’s when you start to see some partners be super successful and that’s when the 3m and much more comp packages start. But that comp is completely tied to your business and hours and originations - direct or split. [/quote]

Diamond cutters?[/quote]

I’m expecting some NEP partner offers (coming from govt) at firms where I’m thinking offers are going to be in the 400-500 range. What I’m unclear on is how I’m compensated as I start to bring in business. These are not wat what you kill firms - there’s some sort of credit sharing that goes on - but if I’m bringing in matters would that increase my take home? [/quote]

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