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They make a lot of divorce attorneys rich
Most start about $285-315. Depends on group and tenure.
$285-$315k is an MC estimate. Other ADV groups start lower. Some start higher.
And is there a cap?
An MD is not a non-equity partner.
At EY a non-equity partner is called a Principal. MD is generally considered an employee level “destination role” and definitely below partner/principal. By “destination role” I mean that they are not usually considered for promotion to partner/principal, unless they are an experienced hire brought in as MD for a test drive.