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I believe firms that want a book of business want one that is sufficient to pay your salary. Begging the question of why you would bother joining them.
Bowl Leader
Following.
In my market it’s $750000. NYC
I haven't lateraled, but it depends quite a bit on the firm. I'm the NY metro area, and firms are generally looking for anywhere from $300K to $1M.
It depends on the size of the practice, and whether they have any work that they need you for. i.e., if a firm has a half docket worth of overflow work, they might look for a partner with $300K.
Cant imagine being young and having a book of business at or above my current salary - and being willing to give it to someone else’s firm just so they can deduct payroll taxes. Be your own boss, build yourself up further, make more than you’d ever make giving your clients away