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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Kirkland is enough of an outlier I’m not sure it’s useful in response to a general question about what the typical salary range would be for someone in that position.[/quote]

I do not disagree.   My point is that the guy/woman who is claiming to be compensated at $1.6 million as a third-year equity partner is probably an outlier as well - he or she is not likely only to be 10 or 11 years out of law school.[/quote]

NP. At my firm (just outside V15) the gate from non-equity to equity status has narrowed significantly post-crisis, but at the same time those who do make equity are getting paid a lot much more quickly. In other words, even at firms that I’d say are outside the “elite” tranche, 1.6 for a 3rd year equity partner sounds about right.

FWIW I’m a third year non-equity and will be 500-600 this year. The salary compression from 7th year associates through the end of the non-equity partner spectrum has really gotten out of hand. However, the autonomy that comes with the “partner” title even if it’s non equity has been more important to me than the money. [/quote]

What year did you graduate law school?[/quote]

2007[/quote]

Thanks.  You've proven my point.  You're non-equity still, 11 years out of law school.  That's fine, obviously, great in fact, but you ain't making 1.6.  No one 11 years out of law school in biglaw is.[/quote]

Not really. I started by telling you that I was [u]not[/u] at an elite/single track/lockstep firm that makes equity partners in year 8 or 9.  So you’re right, at middle of the pack two-tier partnership firms like mine, a person who’s in their third year of equity partnership generally has more experience (call it ~15 years), and only the top performers of that group are making 1.5 anyway. But there are people at more profitable firms that adhere to a traditional (true) partnership model who do it faster. It’s a small group at just the very top firms, but that seemed to be who we were talking about. [/quote]

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