If you’re a partner at a law firm, do you know what salary the other partners are earning? What about bonuses? How much financial transparency does your firm have regarding the budget/operating expenses? What area or law are you and how big is your firm?

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

When I was a partner we had access to all of the financial info by dept and partner and everyone’s hours etc all the time.

like

I don't know if it's the case for all firms, but the two large firms I was a secretary at circulated reports with all the partner's pay and bonuses annually.

like

I'm a corporate lawyer so I don't deal with partnerships a lot but I think even limited partners have a right to the key financial information about the partnership.

like

Oh, that's fuunnn!!

There are two types of firms—open comp and closed comp. Closed comp firms keep everything secret with exec committee deciding comp. Firms with open comp have a comp committee of partners that changes members every year or few years.

like

This. Our firm will change from open to closed and I am already anticipating the mutiny.

All secret at my firm and even associates aren’t paid in lockstep. Management uses this to its advantage and negotiates separately with each partner.

like

you have access to all that information usually. i’ve been at several firms that do this, large/national, mid-size/regional, and smaller/more local/boutique (but with enough people to have a partner base). also worked in many different areas of law. I am going to miss some but: ID, PI, professional liability, corporate law, PIP work (auto insurance defense), and now family.

Yes we have total transparency on salary and bonuses

Related Posts

Accidentally ate 10k worth of turnips instead of dropping 😅😭

funnylike

Anyone go to product from data science? Any thoughts on your transition?

like

Any news on opening Infosys office in Kolkata?Infosys

like

11 YOE - 33 lpa . Current is 26. Is it worth joining with 20pecent variable. Suggestions please

like

Is there a minimum period you have to be working at kpmg in order to start looking to explore internal moves - from client facing to internal specifically ?

like

Hi All - I’m at a firm that has some infrequent in-house training but not enough to help me develop skills to eventually become a trial lawyer. I know cases rarely make it to trial anymore, but I’d like to develop my skills as much as possible to position myself well when they do. Does anyone have any mock trial programs they’ve participated in outside of their firms that they would recommend?

like

I’ve been practicing in traditional labor for about two years now (although about a decade of labor relations experience) but I’m trying to break into employee benefits law. Unfortunately I’m not being given much experience in benefits as I’m pretty typecast as a labor atty. Any advice on how I can go about getting employee benefit experience? My long term goal is to have benefits be my main area of practice.

like

A little over 2 years agency producing, with over 5 years experience shooting and editing (which I oftentimes am asked to use here)... I make 45k in NYC. I feel I should be making more. Thoughts?

like

Hello guys, does anyone have any idea of salary range at Chiat Day LA for a Senior Integrated Producer?

helpful

Is there usually a salary difference between type of producers?

uplifting

New to LA... what’s the best places to meet people? I live in downtown

Apartment hunting in LA… having a bit of sticker shock. did everything go up? Will it go down in the fall??

like

Why is ETH volume so low on gdax?

Anyone been able to work from Dubai for a UK/US firm and benefit from no taxes? I know if you are a US citizen you pay taxes where you are globally, but if you are British, then you only pay income tax on UK income - so if you live more than half the year abroad you are classed as non-domicile resident, but wanted to hear if anyone’s done this or heard about it?

like

What’s the rank hierarchy like in IBM? Where would an “Associate Partner” sit in comparison to a big 4 consulting firm? Got an offer I am evaluating

Microsoft Azure
Aws
Developer, administrator, architects

Remote support from india, for USA customer contact on 8851891563

like

Can someone share any openings for JPMC Bangalore related to freshers.
Tech stack is SQL and Tableau. I am a fresher with 10 months of experience in internships and 1 month of full time experience.

Thank you for your help!

Has anyone talked to a therapist or professional about being unemployed? At this point I feel like it's making me depressed. Are there other unemployment support groups out there?

like

does anyone (genuinely) believe in astrology and the signs?

like

Are you very serious and wish you were less serious or vice versa?

likehelpful

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