Anonymous wrote:

Anonymous wrote:OP, it's too bad that you have done nothing in your life worth starting a thread over, so you need to BIRG on your husband's salary to feel worthwhile.

You're pathetic.

I start plenty of my own threads, thanks. In health, real estate, general parenting, expectant moms whatever. What is pathetic about this?

Anonymous wrote:humble brag

Anonymous wrote:

Anonymous wrote:He gets a set amount every month- always the same- always given- whatever that is called. Then he gets a draw which is what can wildly fluctuate- which was so high this month as in 200% - I was trying to find out of this is the climate seen across the board or I can just waut and see what comes in the next 6 months. Didn't know if it was unique or being seen across biglaw.

The set amount is the draw. The variable amount is the distribution. Yes they are typically largest in Jan/Feb/Mar (whenever the firm makes its final payout for 2012, which can vary widely by firm and depends how much they've already distributed). The final distribution, as it is sometimes called, can be huge - sometimes over $1 million for high performers. or it can be small if the firm did a good job of collecting during the year and made larger distributions during the year. It's kind of like being excited about a big tax refund - which is in reality just your money that you happened to pay too early.

You REALLY need to ask your DH about this. The draws and distributions are all against whatever he is set to earn for the year. When it is paid out isn't particularly meaningful other than for budgeting purposes. I don't understand why you are posting about this question (and stupider I suppose that I am answering it) when he should be able to lay it all out for you.

Anonymous wrote:He gets a set amount every month- always the same- always given- whatever that is called. Then he gets a draw which is what can wildly fluctuate- which was so high this month as in 200% - I was trying to find out of this is the climate seen across the board or I can just waut and see what comes in the next 6 months. Didn't know if it was unique or being seen across biglaw.

Anonymous wrote:OP, it's too bad that you have done nothing in your life worth starting a thread over, so you need to BIRG on your husband's salary to feel worthwhile.

You're pathetic.

Anonymous wrote:humble brag

Anonymous wrote:

Anonymous wrote:Really depends how the firm does comp. typically draws are level each month. Distributions are more variable and often done at quarterly tax time. Those depend on available cash. The biggest distribution will be after the end of the year when hold backs are distributed. Also can depend how much cash the firm collects in december as opposed to the rest of the year.

The size of the distribution will depend on your/your DHs share of firm profits and the profitability of the firm. So hard to say if it is an anomaly without knowing all those variables.

Firms draw is definitely not close to level every month. There is an automatic dispertion and then the draw can fluctuate wildly to the tune of more than $100K. This draw was the biggest I've seen and I'm wondering if it's a sign of more to come or the december artifact you mentioned, however I don't think they handle december differently as it has never happened in a previous January.

Anonymous wrote:I hate to tell you this OP, but I worked at Howrey and all the CFO and CEO and other exec committee members said is that they "didn't have any debt." It is generally a complete lie, so good luck.

Anonymous wrote:OP do you by chance have any accomplishments of your own that you'd like to share?

Anonymous wrote:Really depends how the firm does comp. typically draws are level each month. Distributions are more variable and often done at quarterly tax time. Those depend on available cash. The biggest distribution will be after the end of the year when hold backs are distributed. Also can depend how much cash the firm collects in december as opposed to the rest of the year.

The size of the distribution will depend on your/your DHs share of firm profits and the profitability of the firm. So hard to say if it is an anomaly without knowing all those variables.