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I was there as an associate so this is all just gossip. My understanding was that first year NEP was a smidgen above senior. Probably end up with less money after taxes.
Jump from NEP to EP was minimum 2 years, but not tied to seniority past that. Instead based on book and internal politics. You can be a NEP for life, and they've been known to deequitize (is that a word? Idk)
It's a great firm to be an equity partner at.
How big of a book for equity?
Enthusiast
No insider info about this firm specifically, but from everything I’ve heard first year NEPs generally make about the same as 8th year associates.
Coach
No insider info either and have heard the NEP to EP transition (if it happens at all) can be many years (think 5-10) as you need to develop a book large enough to justify promotion.