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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous] DH always hits his numbers for billing and leverage and makes about 1.1m. He is a third year partner.  [/quote]

My DH is a Big Law partner (I am former Big Law myself) and I don't know [u]anyone[/u] who makes this kind of money as a third year partner, despite billing in the 2,500 hour range.  [/quote]

Yeah, this is pretty surprising. I think the more informative convos about law salaries are found on other sites. But 1.1 mill for a third-year partner? Totally out of the norm.[/quote]

I'm the PP who posted the original number.  Is this really out of the norm? This is definitely what my DH makes.  Since we just did our taxes, I know that this is an accurate number for his pre-tax income. I know his firm has strong PPP, but I didn't think they were markedly different from his peers at other firms.  I won't say what firm because he was the only person who made partner his year in DC and it would be easy to identify him, but it is a very big international firm.  He made partner with his own book of business, which I know is a bit unusual and kind of hard to do, and he has about 3.5 million in business now. He has a very, very specialized practice.  I am not sure his number of shares will go up dramatically in the future without him growing his business further.  He is always trying to do this, but, as many of the PPs pointed out, it is the biggest challenge at the partner level and takes a huge amount of his time and effort.

I work in a totally different field that is compensated using a very different structure, so I don't have a good sense of what the averages are.  It does seem, however, that many law firms make a lot of partners, but the compensation is lower, while some firms make only a few partners and the compensation for those who get over the line is higher.  If he was making 300K - 400K and working like he does, I think I would tell him to leave and find a new job right away.  At his income, our plan is for him to stay a partner for a few years while we squirrel away money and then we can decide if it is still worth it.  We keep our finances in check so that he always feels like he is free to leave if the job gets to be too much.  I would never want him to feel trapped in such a high pressure job.

[/quote]
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 Your DH may earn outside the norm for young partners, but $1.1 million is not unheard of for a young partner with the practice and development skiil talents you have described.  I know young partners earning more than that as well.[/quote]

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