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[quote=Anonymous][quote=Anonymous]Interesting replies. I know a new partner who confided that he was making less than he did as a senior associate and his hours were horrible. Imagine regular billing + the expectation of business development (successful BD I might add). So he must have been around 300k. Personally, I don't think too many partners are at the 800-1million level, but I can't be sure. I'm just basing that on my observations about their lifestyles and how they complain about money. Also, unless your DH has a portable book don't assume anything - especially that he is safe once he makes/if he makes partner. [/quote] If he is making 300K, he is not full equity at a Big Law firm. Some firms have a "partner" category that is really like a non-equity senior counsel position (Kirkland is like this, I think). But, remember that it is often hard to gauge how much a person is making by their lifestyle. My DH is a full equity partner making about 1.2 million. However, we live in the same house that we bought when he was a second year associate because we like it and we like the neighborhood and our kids are at good public school. We also drive the same cars we've had for years. I always think it is funny when his associates buy their "starter" home and it is bigger and much more expensive than ours. Some people just aren't spenders and we like having a big cushion in case either one of us wants to change jobs or we decide that we want to retire early and do something/live somewhere else. I bet our friends (at least those who aren't in the law so don't know how different firms pay) would guess that we make in the 300K range. I am happy not to disabuse them of this idea because I would rather them not know how much more money we have. [/quote]
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