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How much do partners in regional biglaw make?
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Date: July 2nd, 2024 8:07 AM Author: Plum sticky community account theater The best firm in a large flyover state with a few hundred lawyers, etc. (http://www.autoadmit.com/thread.php?thread_id=5549004&forum_id=2#47800884) |
Date: July 2nd, 2024 8:08 AM Author: Pink Newt Shockingly little in many cases. Perhaps $500k
Of course, if that flyover state is Illinois or Texas, then they make as much as East or West coast biglaw. |
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Date: July 2nd, 2024 8:15 AM Author: Plum sticky community account theater And these are the top earners at the firm? Not Texas or Illinois. (http://www.autoadmit.com/thread.php?thread_id=5549004&forum_id=2#47800898) |
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Date: July 2nd, 2024 8:17 AM Author: Pink Newt No the top people can make more. I was talking about the average profits per partner (http://www.autoadmit.com/thread.php?thread_id=5549004&forum_id=2#47800902) |
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Date: July 2nd, 2024 8:26 AM Author: Olive Native wtf is regional biglaw? the firms youre thinking about are mainly midlaw. (http://www.autoadmit.com/thread.php?thread_id=5549004&forum_id=2#47800912) |
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Date: July 2nd, 2024 8:27 AM Author: Plum sticky community account theater Ok, so what do those partners make? Firm claims a PPP in the mid to high six figures, but I've heard those numbers are often bullshit. (http://www.autoadmit.com/thread.php?thread_id=5549004&forum_id=2#47800914) |
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Date: July 2nd, 2024 8:34 AM Author: Olive Native impossible to generalize. if PPP is based on equity partners only and there's a bunch of non-equity partners who aren't counted, the PPP is going to be inflated. a firm like this could also have a handful of rainmakers who carry the firm and have very high draws, which bumps up the average PPP, even though the rank and file partners are making far less than the average (http://www.autoadmit.com/thread.php?thread_id=5549004&forum_id=2#47800924) |
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Date: July 2nd, 2024 8:35 AM Author: tan frisky abode filthpig i'm at what most would consider a midlaw firm (600-700 lawyers, full service, regional footprint) and i believe "income" partners make $300+. i'm in the bottom tier of equity and should make just under $500k this year depending on firm profits.
it's hard to generalize though. there are people here with $10 million books and "officially" they make like $1.5 or $2m in firm "share" payout, but they get these huge bonuses and are probably really making $3-4m/year. |
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Date: July 2nd, 2024 8:18 PM Author: Plum sticky community account theater (http://www.autoadmit.com/thread.php?thread_id=5549004&forum_id=2#47803783) |
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Date: July 2nd, 2024 8:22 PM Author: Exhilarant death wish I've heard some Susman Godfrey partners make $40 MM-plus. You'll get in everywhere you apply. (http://www.autoadmit.com/thread.php?thread_id=5549004&forum_id=2#47803789) |
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Date: July 8th, 2024 7:06 PM Author: tan frisky abode filthpig (http://www.autoadmit.com/thread.php?thread_id=5549004&forum_id=2#47821968) |
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Date: July 8th, 2024 10:12 PM Author: Out-of-control step-uncle's house which ones?
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Date: July 8th, 2024 10:00 PM Author: tan frisky abode filthpig (http://www.autoadmit.com/thread.php?thread_id=5549004&forum_id=2#47822595) |
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Date: July 8th, 2024 10:15 PM Author: Wine Apoplectic Jewess Lettuce Like a non-vault am law 200 firm?
“Income” partners make around $450-550K with a bonus based on hours worked and for origination. These are mostly service “partners” who have a valued specialty but not really their own business.
Top partners with their own business and associates/service partners all billing under them often clear $1-$2M. |
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Date: July 9th, 2024 7:29 AM Author: tan frisky abode filthpig this isn't necessarily correct, it can be worse if you are truly talking amlaw 200.
i was at a firm called miles and stockbridge for several months in 2012, and they're in the amlaw 200 (and were in the amlaw 200 at the time).
newly promoted income partners without books (which describes nearly everyone) made - not flame - UNDER 200k. i think they were at like 180 or 190k. this is when biglaw first years made 160k. and the kicker is that first years at miles at the time made 120k. so the new partners were barely making more than the first years.
there was a big rainmaker at the firm who got thrown out for fucking multiple clients and his secretary, and he only made $700k. i did know of one massive rainmaker who supposedly made $3 mil.
even within the vault 100, the picture sometimes isn't as rosy as half a mil for income partners. i was in the DC office of baker hostetler (i think they're ranked vault 65 or something) for several years and made partner there. my fifth year as a partner, i was making about $360-375k. i was a pure service partner so because i had no book, my pay was shit. i think by anyone's definition, baker is biglaw but i was making nowhere close to 450k. |
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Date: July 9th, 2024 8:08 AM Author: Wine Apoplectic Jewess Lettuce Crazy. That’s all much less than I’d have thought and different than my experience. Maybe there’s a real difference between true “regional biglaw” and some of the other Amlaw 200 firms?
Might as well do anything to go in-house at those salaries. |
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Date: July 9th, 2024 8:15 AM Author: tan frisky abode filthpig it really is insane. my situation was a bit of an outlier, though. i worked on a team of a huge rainmaker (i think he has like a 10-15m book), who has a deal with the firm where all travel expenses are absorbed by the firm, not the clients, and no lawyers bill for travel time.
i never thought about this until i left, but the travel expenses - mine in 2019 were about $175k- are reflected on the individual lawyer's numbers. so rainmaker was getting the benefit of the origination that i brought in (as well as the other lawyers on his team), but the 6-8 people he had servicing his book were getting their profitability whacked to shit because of the expenses and inability to bill for travel.
i suspect other service partners at BH make more like 425-450, but it's still less than you'd expect because BH is definitely solidly within the v100 and i think everyone agrees that it fits the definition of biglaw.
i stole nearly $1m of his book and ran off to midlaw. i'm equity and should make close to $500k this year. i'm good with that because it's much more money that i need or ever thought i'd make.
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