Seeking comp/recruiter help! I am a first year non equity partner at a firm in the middle of the AMLAW200 in a midsize market. Comp at our firm is not formula based and my comp will be in the low 200k range this year. I will have roughly $500k in collections in 2021 on matters I originated or inherited ($100k of my own worked time and the rest worked by other lawyers). In addition my work on matters I did not originate will result in around $600k in collections. Cont:

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I recently learned that a colleague who made partner in 2013 is making around $500k per year as an equity partner. My main question is whether the whole comp scheme seems off, or whether this seems in the ballpark for a firm of our size. A second question is whether anyone has a recommendation for a trusted recruiter in the Midwest (Indiana/Kentucky/Ohio) who knows the market. All thoughts are appreciated!!!

Agreed. Equiry comp depends in large part on how much work you control (outside of the super-profitable shops).

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Your comp seems appropriate for your collections. Rule of 3rds.

Thank you P1 and P2. This was a helpful gut check!

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