{ "media_type": "text", "post_content": "I hear first year partner compensation is actually *lower* than senior associate comp. And you have to by in. Is this true in many firms?", "post_id": "5db31acf1211fd002a5f78c6", "reply_count": 4, "vote_count": 20, "bowl_id": "552d1d24dc1c586b09d2d052", "bowl_name": "Law", "feed_type": "crowd" }
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I hear first year partner compensation is actually *lower* than senior associate comp. And you have to by in. Is this true in many firms?

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It's true at some firms. Every place has a slightly different way of doing things. But it's true that making partner doesn't necessarily mean you've "made it" financially the way it perhaps once did.

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Not really. It depends on lockstep v. EWYK and on the firm's profitability. There's a lot of variation in the V15.

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Don't think the compensation is lower usually - it's just you have to start paying full price for a lot of stuff the firm subsidizes for Associates. (Like health insurance goes us by $1,000 or something). Plus there's the buy-in. I've definitely heard junior partners say their check went down.

Definitely true at my firm.

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