Celebrating 10 years! 2007-2017

Revenue v. Salary

Say you work at a mid to large law firm (Not white shoe BIGl molawmo04/14/17
The Firms I've been at gave 20% of what you brought in. Wit lolwutjobs04/14/17
I never understood partner track vs junior vs senior partner adamb04/14/17
It depends on the firm. Some firms, people have great job se garfieldfan04/14/17
At at least one biglaw firm I'm familiar with, $500k is suff dingbat04/15/17
I can't imagine someone with $500k of business not being on thirdtierlaw04/14/17
If the firm gives 20% of what you bring to the door, do you molawmo04/14/17
a partner's job is not to do the work, but to bring in the c dingbat04/15/17
I'm an associate at a mid-sized firm. My book is about $200k notiers04/14/17
Practice area? vohod04/14/17
Specialize area of litigation and general commercial (with a notiers04/15/17
500K is pretty freaking great. canon8304/17/17
molawmo (Apr 14, 2017 - 2:54 pm)

Say you work at a mid to large law firm (Not white shoe BIGlaw though). You try to bring in your own clients.

What is a reasonable book of business to salary/bonus ratio?

In other words, if the non-partner associate brings in $500k in business, what should that associate expect in regard to compensation?

What if the associate is a non-equity partner?

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lolwutjobs (Apr 14, 2017 - 3:00 pm)

The Firms I've been at gave 20% of what you brought in. With a book of 500k you'd be in junior partnership talks I imagine.

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adamb (Apr 14, 2017 - 3:46 pm)

I never understood partner track vs junior vs senior partner. At point point do you get job security in those situations.

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garfieldfan (Apr 14, 2017 - 4:54 pm)

It depends on the firm. Some firms, people have great job security at junior or non-equity levels. At others with a high expense structure and risky financial practices, even equity partners have no true security. If they have business, they will be able relocate quickly so that's something.

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dingbat (Apr 15, 2017 - 9:15 am)

At at least one biglaw firm I'm familiar with, $500k is sufficient to make partner (with the assumption that your book of business will increase over time)

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thirdtierlaw (Apr 14, 2017 - 4:53 pm)

I can't imagine someone with $500k of business not being on the partnership track. That is a large enough book of business to open up doors to other firms that would put you either on the partnership track or make you a partner.

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molawmo (Apr 14, 2017 - 5:09 pm)

If the firm gives 20% of what you bring to the door, do you get more if you do the work to earn the billing?

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dingbat (Apr 15, 2017 - 9:16 am)

a partner's job is not to do the work, but to bring in the clients.

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notiers (Apr 14, 2017 - 9:07 pm)

I'm an associate at a mid-sized firm. My book is about $200k and growing. I get 10% per quarter of my billed collectibles and a bonus at the end of the year. I am on the partner track. $500k at a midsized firm for an associate is a substantial book.

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vohod (Apr 14, 2017 - 11:36 pm)

Practice area?

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notiers (Apr 15, 2017 - 2:14 pm)

Specialize area of litigation and general commercial (with a touch of high end ID).

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canon83 (Apr 17, 2017 - 4:49 pm)

500K is pretty freaking great.

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