Anyone ever successfully negotiate their partner cash distributions? I’m a very new partner, yet running and growing a book far greater than average size for the firm. Am I stuck in the basic new partner comp structure for~ 5 years or is it reasonable to expect I’ll get compensated for my contributions today? I’m tired of chasing carrots; what’s a reasonable/ “fair” % of my book to expect allocated to me each year? Is 20% asking too much? I’m tax at a top 6 firm.

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Being at a larger firm, I doubt you can do much to change that. While you are a partner, you don’t have that much control and influence early on. Also, generally your comment will grow at a higher rate than your growth the farther you go. So your comp may continue to grow at 15-20% while your book is growing at say 15%. You eventually get ahead, but just like making partner is delayed gratification, so is comp in comparison to your contribution.

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I expect all firms are different but I assume you understood the structure when you joined. Part of being a new partner is having the space and infrastructure to be able to grow your business.

And sometimes you are in a hot space and sometimes your are not. I do not want my comp to swing widely based on routine business cycles.

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Probably can’t do much. Just like NFL new draft picks that excel get “small” but veterans get more on an average basis despite the work they do

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You should expect more than 20% of your book at some point assuming you are not in an administrative partner role. Making partner is part of your professional journey, not your destination.

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