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Wildly
Thanks for the info—what if you included only equity partners?
For big firms, new equity partners probably not making much more than they were as counsel or whatever. There's also probably an obtuse formula mixing salary and origination and BD contributions and SAT scores.
Subject Expert
Not even LSAT 😂
Subject Expert
Anecdotally there can be partners making less than senior associates and making 8 figures
Also if the data you’re using is AmLaw’s, take those numbers with a huge grain of salt. Many firms play games with the numbers; others submit no data to AmLaw yet somehow numbers are always attributed to them.
Subject Expert
Varies a ton but first year equity partners around half PPP is not unusual. A lot of firms have a handful of rainmaker partners making $20 mil and a huge lower tier of partners making way less. The PPP is not very indicative of what any individual partner makes. It’s about how much business they’re bringing in.