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avg. salary first year partner v10
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Date: March 7th, 2010 5:58 PM Author: opaque aphrodisiac menage Subject: avg. salary first year partner v10 how much can i expect to make in 7 yrs? (http://www.autoadmit.com/thread.php?thread_id=1243891&forum_id=2#14324357) |
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Date: March 7th, 2010 6:05 PM Author: chartreuse hateful office dragon you'll get paid in the sweat and broken dreams of all the associates and lathamed associated that you and your fellow avaricious skinflint partners so callously destroy. (http://www.autoadmit.com/thread.php?thread_id=1243891&forum_id=2#14324399) |
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Date: March 7th, 2010 6:09 PM Author: opaque aphrodisiac menage that sounds like $400k to me (http://www.autoadmit.com/thread.php?thread_id=1243891&forum_id=2#14324434) |
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Date: March 7th, 2010 6:10 PM Author: Flesh alcoholic ratface hairy legs seems paltry for 10+ years of throwing your life away (http://www.autoadmit.com/thread.php?thread_id=1243891&forum_id=2#14324442) |
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Date: March 7th, 2010 6:11 PM Author: opaque aphrodisiac menage dont be so dramatic...working hard is not throwing it away (http://www.autoadmit.com/thread.php?thread_id=1243891&forum_id=2#14324447) |
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Date: March 7th, 2010 6:12 PM Author: chartreuse hateful office dragon "working hard" is different from working at a v10 firm. (http://www.autoadmit.com/thread.php?thread_id=1243891&forum_id=2#14324460) |
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Date: March 7th, 2010 6:12 PM Author: Flesh alcoholic ratface hairy legs working hard for 60-70 hr weeks and having no personal life is (http://www.autoadmit.com/thread.php?thread_id=1243891&forum_id=2#14324461) |
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Date: March 7th, 2010 8:59 PM Author: opaque aphrodisiac menage 60-70 is really not that bad.
you can easily have a personal life doing 60-70 |
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Date: March 7th, 2010 9:16 PM Author: chartreuse hateful office dragon only if that 60-70 hours is concentrated during normal working hours, and is somewhat predictable. (http://www.autoadmit.com/thread.php?thread_id=1243891&forum_id=2#14326558) |
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Date: March 7th, 2010 6:12 PM Author: chartreuse hateful office dragon I'd guess it is more than that at V10 firms, which tend to have both very high PPP and relatively compressed lockstep partner compensation. (http://www.autoadmit.com/thread.php?thread_id=1243891&forum_id=2#14324459) |
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Date: March 7th, 2010 6:23 PM Author: Comical crystalline cruise ship Try closer to a 750 to a million (assuming you amortize the cost of the units over the entire partnership term). (http://www.autoadmit.com/thread.php?thread_id=1243891&forum_id=2#14324546) |
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Date: March 7th, 2010 9:17 PM Author: soul-stirring disgusting garrison How much do you need to cough up for the buy in? Why even consider that capital contribution a "cost" - you get it back when you retire/leave. (http://www.autoadmit.com/thread.php?thread_id=1243891&forum_id=2#14326564) |
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Date: March 7th, 2010 9:51 PM Author: Comical crystalline cruise ship I believe the typical scheme is you buy in at the previous year's unit value (actually the profit-per-unit number, which is not really a true valuation). And yes, you're right that a departing partner will have his units redeemed out by the firm (though I don't know if this is typically valued at the then-current profit-per-unit number or just the amount of the partner's capital account at that time, which would likely be far less). I included that caveat to avoid any smartass telling me that I was wrong because the first year partner has to put almost as much in for his initial units as he gets out the first year. One thing I don't have a good handle on is how much of the firm's profits are actually distributed in a given year rather than held as capital reserves or investment into the next year. |
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Date: March 7th, 2010 10:01 PM Author: Grizzly stirring dopamine legend Probably varies a lot by firm and year to year. (http://www.autoadmit.com/thread.php?thread_id=1243891&forum_id=2#14327090) |
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Date: March 7th, 2010 6:39 PM Author: Glassy nowag that's it? pretty shitty. (http://www.autoadmit.com/thread.php?thread_id=1243891&forum_id=2#14324688) |
Date: March 7th, 2010 9:18 PM Author: khaki school cafeteria cumskin V10 partner = $3 million per year (http://www.autoadmit.com/thread.php?thread_id=1243891&forum_id=2#14326579) |
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Date: March 7th, 2010 10:08 PM Author: chartreuse hateful office dragon "first year partner" (http://www.autoadmit.com/thread.php?thread_id=1243891&forum_id=2#14327205) |