Hello, I am on a partnership track to achieve (likely) non-equity partnership in 2024. What does a typical comp/bonus package look like? I have no clue, and want to be knowledgeable and informed going into negotiations. Thanks in advance!

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Hi! I think it can vary greatly across firms. You should still have bonus opportunities and health care benefits. It should also be a salary bump from where you are now - at some firms it’s not a big bump because salaries in general are compressed.

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Additional Posts in Non-Equity Partners

Our firm is an LLP. We have NEP who receive K-1s instead of w-2 even though they have no ownership stake. Management claims NEP have to receive k-1s and can’t receive w-2 because the firm is an LLP. Are they right?

What are your firms requirements to move from non-equity to equity?

I have an offer for an income partner position at a mid-size firm of 150 attorneys in a HCOL city. What would be the typical year end bonus?

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How easy it is to lateral as a NEP?

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