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I’ve been an equity partner ~10 years. I get an aggregate of 16% paid monthly, another 24% paid split in 3 installments at months 7, 9, 11. The remainder in month 12.
The 16% is about what senior associate salary is (unless there have been more raises this week—I’ve been pretty busy until tonight so haven’t been reading news.)
Subject Expert
K-1s
Slightly more than a senior associate
Thank you!
My understanding is that partners get monthly draws, then either once or twice per year profit sharing based on firm performance.