Do Fried Frank special counsel really earn $800k? That’s the number I’ve seen on here, but that seems weird given that they’re included in the bonus announcements. I feel like peer firms with a NEP tier pay special counsel like $500-550k base. I think Skadden (not a peer, I know) starts at $455k. Seems like $800k must be for one of the special counsels who have been special counsel for 3+ years and on the cusp of promotion. Anyone with any insight?

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Think that’s right. You definitely don’t just automatically go to $800k if you’re promoted to SC. Have heard of that range existing though for special circumstances or people that have been SC awhile.

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Can they, sure. Do most of them earn that? No. One tier partnerships treat Cs as income Ps, so you can see C comp get pretty high (in some cases like at PW I have seen it at $1m+). The exception is DPW which seems to underpay their Cs. And you're more likely to see higher C comp where promotion is not imminent.

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Special counsel salaries vary pretty widely. I have heard that some former Schulte special counsel were paid in the $600k-$800k range so it wouldn’t surprise me if Fried Frank paid their special counsel the same.

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Who is not a peer of whom?

Yeah I wouldn’t necessarily say Skadden isn’t a peer. They’re much larger by headcount certainly but similar ball park on PPP ($5.1m vs $6m)

I guess if that’s the only barometer sure, but I think in large marquee practices at FF almost everyone makes equity after a few years. You just stop over at NEP for a bit to grow into the partner role but the comp is materially more as an NEP than firms outside the v10 or so.

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