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1. Stop worrying about making partner and everyone who is or isn’t making partner. Do the right thing - take care of your clients, take care of our people, and it will come. I spent at least a year spinning and comparing myself and just being miserable, and when I sipped is when things worked out for me.
2. Partner is just another milestone. You get here and in a way are more alone and less supported than you were before. A lot more independence which you know but still unprepared for. I wish I thought about that more and started preparing earlier.
3. Your current peers (SMs) and team are much more important than your new peers (PPEDs). I was lucky and had a good team and ok relationships with my peers, but I wish I did better, because having that and being to rely on that makes a huge difference between a succession and a struggling partner.
4. Personally - either be very deliberate at making tome and working on your personal relationships prior and during making it to Partner or get a prenap.
Life is gonna suck for the next 5-7 years
I’m obv not a partner but I’ll weigh in based on my experience hanging out with a lot of people making partner level comp (and more): the money doesn’t go as far as you think it will, no matter how much of it there is
Have an exit strategy. Draw a line. There will be never be enough but have a goal. Mine is mortgage and debt free by 40 with a beautiful house and cars and kids education saved. Not saying I will stop then BUT I could. Or join a start up. Or just take a year off if I feel it.
Marriage sucks
2 things are inescapable when u become a PP: 1- Accept that you’ll never understand the puts/takes inside your K-1; 2- California & NY state taxes blow
It’s not as big a deal as you thought it would be