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Enthusiast
Doesn’t feel underpaid for 3M in fees. In fact it feels a tad bit generous.
Mentor
$3m per year individually, let’s assume results in a net margin of 20% of distributable income = $600K. 4 years into partner, $425K cash seems on target, assume the $1M equity would pay out should there be a future transaction, sounds like good package tbh.
Appreciate it!
Nothing against our large firm friends but I am most interested in feedback from the large regionals+nationals like Cohn, Citrin, Eisner, Withum, Forvis etc
The business fundamentals of your book are relevant, regardless if you’re hearing this from me, a B4 partner, or a boutique.
I think you may be having trouble disambiguating the micro vs macro.
Macro - your pay seems reasonable for the broader market compared to your book. Several have outlined this.
Micro - as with anything, you could get a 20+% raise by lateraling, and to the question of whether or not you’re getting the most you could get paid… well, for most people in this bowl, only the individual really knows. Too situation specific
Almost all true consulting partners (non risk / non managed services) have grown their own book, so the 0 to $3M story is not super differentiating. Suggest you get a career coach. Get the sense that you’re young in your partner tenure, and assuming it’s your first shop as a partner. Go seek out F2F interactions on this. Fishbowl is limiting for deep convos
About right.
You are a Partner, generating $3M/year?
We are not all Big 4. At my firm $1.2-1.8m is target for per-partner revenue.
I am not sure how your firm makes money, if they pay you more than the profit you are generating.....
@Partner1 There is an assumed cost of labor and technology in the 50% that the company gets.
You started your practice 6 years ago and got acquired or acquihired into the bigger firm 2 years in? Am I reading that right?
What did that transaction/engagement look like?