The most prestigious law school admissions discussion board in the world.
|
 |
 
|
avg. salary first year partner v10
Poast new message in this thread
Date: March 7th, 2010 5:58 PM Author: orange spot headpube 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) |
 |
Date: March 7th, 2010 6:05 PM Author: Lascivious Plaza 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) |
|
Date: March 7th, 2010 6:09 PM Author: orange spot headpube that sounds like $400k to me (http://www.autoadmit.com/thread.php?thread_id=1243891&forum_id=2#14324434) |
|
Date: March 7th, 2010 6:10 PM Author: Laughsome rough-skinned church building seems paltry for 10+ years of throwing your life away (http://www.autoadmit.com/thread.php?thread_id=1243891&forum_id=2#14324442) |
|
Date: March 7th, 2010 6:11 PM Author: orange spot headpube dont be so dramatic...working hard is not throwing it away (http://www.autoadmit.com/thread.php?thread_id=1243891&forum_id=2#14324447) |
|
Date: March 7th, 2010 6:12 PM Author: Lascivious Plaza "working hard" is different from working at a v10 firm. (http://www.autoadmit.com/thread.php?thread_id=1243891&forum_id=2#14324460) |
|
Date: March 7th, 2010 6:12 PM Author: Laughsome rough-skinned church building 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) |
|
Date: March 7th, 2010 8:59 PM Author: orange spot headpube 60-70 is really not that bad.
you can easily have a personal life doing 60-70 |
|
Date: March 7th, 2010 9:16 PM Author: Lascivious Plaza 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) |
|
Date: March 7th, 2010 6:12 PM Author: Lascivious Plaza 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) |
|
Date: March 7th, 2010 6:23 PM Author: Vivacious chrome principal's office rigpig 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) |
|
Date: March 7th, 2010 9:17 PM Author: Adventurous church queen of the night 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) |
|
Date: March 7th, 2010 9:51 PM Author: Vivacious chrome principal's office rigpig 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. |
|
Date: March 7th, 2010 10:01 PM Author: Aromatic impertinent whorehouse feces Probably varies a lot by firm and year to year. (http://www.autoadmit.com/thread.php?thread_id=1243891&forum_id=2#14327090) |
|
Date: March 7th, 2010 6:39 PM Author: Ruddy Buck-toothed Den Internal Respiration 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: Mischievous abode ape V10 partner = $3 million per year (http://www.autoadmit.com/thread.php?thread_id=1243891&forum_id=2#14326579) |
|
Date: March 7th, 2010 10:08 PM Author: Lascivious Plaza "first year partner" (http://www.autoadmit.com/thread.php?thread_id=1243891&forum_id=2#14327205) |