Income partners at v100 — is your comp similar to senior associates or higher?

likefunny
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Measly 10k raise with worse benefits

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Can confirm

It’s based on your originations/collections. I’m at a v50-100 and $450k is the NEP base if you don’t have the numbers for more than that. I’d say your first approx $1m of originations just keeps you at $450k.

likehelpful

Bonus at my firm for NEP is based on collections, not hours, so I’d say it varies by firm (though obviously there’s overlap because less hours = less collections). Then you can also get a discretionary bonus if your originations far exceeded your base. So if your base was $450k but you had originations of $2m, you would be reasonable to ask for a bonus of $50-100k on top of whatever bonus your collections qualify you for. But only the collections bonus at my firm is formulaic, the rest is black box so you’re not really guaranteed anything.

F. Need to know what this is all for! On partnership track at lower half of v100

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Way higher lol

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This is going to be wildly different across firms and sometimes within firms too. I lateraled as a senior associate into counsel at a v50, and got $700,000. Being put up for nep next year, and comp will start at low $1m.

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Ah, helpful color. Thanks! Similar position

Significantly higher but then lose health insurance .. have to pay self-employment tax .. Medicare

Significantly more, ymmv

Much higher.

Also much higher

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