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Reported profits per equity partner were $1.265M. https://www.law.com/americanlawyer/law-firm-profile/?id=284&name=Snell-%26-Wilmer&slreturn=20240721121348
Only 90 equity partners and 143 non-equity partners. No idea where NEP comp starts but if I had to guess I’d say $350k.
At Snell, I understand partner pay is weighted toward hours billed, as opposed to revenue generated.
So, I think one could expect to earn relatively more as an income partner than, say, Quarles or similar local players.
I still think it would start closer to $275K than $350K as suggested above. (These guessed numbers include bonus.)
I think the equity PPP number is skewed by having a few partners with very large books. To get to $1.25M profit sharing, I suspect you’d probably need at least $3M book which is hard to come by. I think there’s a group of 10-15 who get the lions share of client credit.
Enthusiast
I am an associate at Snell. Unless the partners are making what I’m making, that’s not their salary.
Coach
Seems like a great firm if you don’t mind lower comp. I stayed at a larger firm and make nearly 8x what they offered me 3 years ago.
Are you in Phoenix or a primary market?