Recent Associate Partner promotion at a boutique firm and I am wondering what comp is everyone getting Y1. I am also currently building out my own line of business for the organization.

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Boutique firm

Y1 of what?

But that isn’t a thing. You can’t just get equity on one line of business unless the organization is structured as a whole bunch of little separate legal entities. Either you were asked to put your own money into the business, or you were not.

I suspect what you mean by “equity” here is really something more like “performance sharing”.

I’m not trying to be a jerk or anything, but comparing a non-equity role to equity partner just doesn’t make sense. They’re different things. It doesn’t sound like you’re in Y1 of equity partner.

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