If I know how many attorneys there are at my firm, how many equity partners there are, the hourly rate associates and partners bill at, and the yearly billable requirement is it possible to estimate how much an equity partner would take home on average? Or are there too many other factors? I’m just curious. Our firm is super open about how much everyone makes (from associate to C and B partners) but idk how to figure out equity.

like
Posting as :
works at
You are currently posting as works at

Probably not. You would need to know so many other variables - firm overhead (salaries of all staff, rent, insurance, retirement contributions, equipment, etc), is the equity partner responsible for covering salaries for his or her assistant, paralegal, etc., is there an origination component, billing/receivable requirements, other metrics that trigger bonuses (department performance, associate billing). Each firm does it differently, so based on the known factors you’ve mentioned, I don’t think you can. Maybe ballpark it, but that’s probably based more in industry data and geography.

There are Big Law firms in the metro areas around me where associates can make more than equity partners if the equity partner’s book underperforms.

like

I know amount collected too

Agree with the comment above. Very probably too many variables for you to assess from outside. If money matters to you though, and we all have to live, makes sense to do what you can (reasonably and ethically) to make a good hunch. You should want to know where you are headed, financially speaking. Payroll is the top expense. Rent is a distant second. Pay attention and you will continue to improve your fix on the estimates.

like

What's a C and B partner? Glorified senior associate is my guess but I'm curious.

C partners are basically senior associates who can bill at a partner rate and B partners are all other non-equity partners. We have like just a few A and C partners but over 100 B partners.

Equity would be everything left over after the other expenses. After salaries, real estate is typically the second largest expense for large firms.

I’m curious, OP. Why do you want to know the equity partners’ take?

Just for curiosity sake is all. I know an equity partner at a different firm and just wanted to know how mine compares. No real reason.

Related Posts

How much was your bonus this year?

like

Hi, can anyone tell me what benefits a high performer decided in PMP process gets? Also is it so e.g. If an employee is marked as high performer in 2021 FY PMP then does she/he gets its benefit in Salary Revision 2022 and also in IDB 2022?

How much variable pay percentage on CTC in HCL for Teach Lead position

Hi ,
What is the package mindtree offers to a servicenow developer having 3.10 yoe.

like

WNS Global Services Can anyone please help me understand the organization hierarchy and if possible minimum years of experience & salary brackets associated with each level? SalaryBox WNS Global Services

like

My international flight got cancel. They did not send email so everyone found out at the airport. I even spent 50$ in Uber coming to the airport and they say only solution is to rebook us tomorrow. What’s the best way to go about it to get best compensation for all the inconvenience? (Tap air)

like

Anyone go from SaaS / licensing sales to services (strategy & implementation) sales?

I'm thinking of moving from large cap tech to large cap consultancy firm to help build the resume and round out my experience. I enjoy and do well in licensing, but I'm fairly young in my career (<6 years) and received a great offer to make the move.

Big fan of the org and team I'll be joining as well.

Thanks!!

TC ~$300K

likehelpful

Please suggest :

In which company should I join ?

PWC, Cognizant, Sopra steria(highest Lpa) ?

like

Can anyone tell me what is the SA2 salary range in advisory for more than 5 year experience

like

Current CTC - 6L. Accenture has offered 10.4 with 60k joining bonus. Designation - Sr Analyst. Is this too low? I have 4 yoe

like

What are the salaries like at level 9 & 10 for management consulting in digital commerce at Accenture strategy? My profile: 4 years tech experience in e-commerce and data + MBA from tier 2 bschool + ecommerce BA experience at Capgemini

like

How much are EY experienced hire sign bonus?

like

Hi Guys, Which is better to join in terms of WLB & Learning and Brand? Only 5 days left pls help🙏 Crisil : 25 fixed (Pune)
( Merck KGA : 22 f+ 2.5 var (banglore) YOE : 8, Data Analyst CRISIL Merck

like

Can anybody from Netherlands explain what a junior manager is at Deloitte? I got a salary range for junior manager from Deloitte in NL that’s lower than the salary range of a starting senior consultant in pwc. I was under the impression manager in pwc is junior manager in D and senior manager in pwc = manager in D

like

What’s the salary range for a junior software engineer at USAA? I’m in their training program and trying to determine if it’s worth it before I waste 15 weeks in their software development training program .

likehelpful

Been trying to find a new job because $112k just doesn't seem right for 3+ years as an Eng 3. On the east coast wanting to move out to California. Not getting many bites. Do employers ignore applications for people who would need to relocate?

likefunny

My last working day is may 31st and the salary day is also same...Will I get my salary or it will be in final settlement

like

Tata Consultancy not giving anniversary hike new joners?

like

I have a question, I got a contract role through a recruiter. Initially the recruiter offered the hourly pay rate which was the minimum in my range. Now I got an offer from the company. Now without me asking her she increased the hourly wage to the maximum range I asked. Which makes me doubt if the company increased it or she knew the rate all along but gave me the lower rate ?

like

What was the hike % last year for a Senior 1 with 2nd rating who didn't get any promotion/progression?

like

More Posts

Is it normal to pay for monthly OB visits while pregnant? I have BCBS and thought they would be covered 100%?

like

Okay, thank the stars this “estimated 9.2lb baby” was only 8lbs even. 😅

likefunnyuplifting

My friend referred my resume to EY, how long should I expect to wait before hearing a response back?

In your eyes, what minimum % increase in salary would warrant a job change?

like
like

Please what's an acceptable salary for an entry level UI/UX designer in the UK? I'm thinking of going into the field with an architectural background but I just wanted to know first.

like

Help me out - I'm starting a HedgeFund. I'm calling it ____________ Capital.

like

Two missed calls from our fearless leader. Either this is social engineering or I’m more important than I thought I was

Post Photo
like

Hi fishes,

Got offer in Barclays 10.5 currently in Tcs as unix system administrator application support. Please suggest is Barclays good to move. 3.3 yoe

like

Anyone in underwriting or credit department, willing to look at my resume or have a chat about how to get my foot in the door. Been having some trouble and would appreciate any insight. Thank you !

like

Recs on good rental insurance? 3 apts in my neighborhood were broken into and I’m looking for a good but not pricey option

like

Recs for outdoor dining or good takeout restaurants in Santa Barbara? Also, will take any suggestions for short hiking trails or scenic views!

helpful

What’s the best VDR and why is it datasite?

like

Will Feb bar exams be converted to online?

like

How do you ask for points?

like

Any Group Life & Disability Underwriters out there? Wondering what the salary range is for those with 5-10 years experience in the US. In your response could you please include what segment size you work with?

like

I’m feeling really discouraged. I’m in the merrill lynch fa program and I’m prospecting a lot and going to tons of high end networking events. I have good convos but then struggle to get meetings...

like

Plan to buy a place and currently trying to pick a real estate agent. Some realtors require to sign an exclusive service contract. Should we go with someone that doesn’t require a contract?

like

IBM GBS or IBM ISL is good?

like
like

Additional Posts in Law

Firm announced flexible come and go as you see fit approach to coming back to office. Partner I work for said I need to be in office 4-5 days a week anyway. Thoughts?

likeuplifting

How do you properly vet a law firm? I feel the associates I speak with talk up the firm and aren’t always candid.

like

Parental leave: do you have to be at a company or firm for a year before being eligible to take parental leave? Are there any companies/firms that don't have this requirement?

like

I recently had a specialist partner send me a fairly nasty email after I (a transactional first year) was told to ask them to review something ASAP that had clearly been on my partner’s radar for over a week. Why am I taking the (honestly justified) blame for this? Surely it should be obvious that I’m just the messenger here.

like

I am concerned with fulfilling billable hours requirement. I’m required to hit 2100 hours yearly and I’m at ~1,500 hours and I think I’ll hit 150-180hours this month. What will happen if I don’t hit my targeted amount by the end of my year.

likehelpful

Insight on Venable?

like

Am I the only attorney who half ass works all day and then when they know their boss has clocked off sigh relief and start working through the night??

likefunny

Linguistic question, should an associate say "my partner" when talking to a client about a partner? To me this comes off like implying your also a partner, but saying "our partner" sounds weird too...

like
like

Any ID attorneys get their CPCU? Trying to make myself more marketable as claims counsel or in-house for a carrier (not doing ID).

like

When is it appropriate to follow up after an interview for a lateral position? Had a screener call 2 weeks ago and then an interview with the partner + senior associate last Thursday where it was mentioned that they would “likely” want me to meet more people. I’m getting anxious but don’t want to bug them!

like

Has anyone been admitted to Massachusetts by transfer of UBE score? I submitted my application in July and took and passed the state law exam today. How long after this were you admitted? Thanks!

like

What’s average salary in ID firm mid size (NY) about 350 attorneys ? Class of 2019 but was in public sector (criminal law) for 2 years! 2000 billable hours minimum

like

I need an assistant/paralegal. Probably part time at first. I live/work in a small city in Oklahoma, solo practice. I would like approx 10 billable hours/week (if part time) from them. What do i look for in one? Pay amount? (Most here make around $12/hour). Incentives for bonus money?

like

What’s the most entertaining (in a good or bad way) thing you’ve ever witnessed at a firm outing or holiday party?

like

At a midsize am law 200 firm with subpar salary and bonus structure. Just became an attorney in September 2019. So I feel that it’s too soon to leave. See more below...

like

Anyone has ever sent an email to the wrong recipient ? Could you please tell me how you’ve dealt with this. The recipient is not a party to the action.

like

Does your firm give you credit for hours that were written off? Sometimes I feel if you don’t lose anything for hours cut from the bill, you have incentives not to be 100% honest w/ your timesheet.

like

Ngl this crisis just affirmed my decision about not wanting to have kids. Serious props to the parents attempting to simultaneously bill and homeschool their kids.

like

FLORIDA: can an attorney accept services as payment from a client? (E.g: drafting a demand letter for a client in exchange for web design services)

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal