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What makes being a partner “worth it” at a V100/Am100 firm? Seems partners have a lot of the same complaints about staffing issues, workload, and compensation.

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🙄🙄 compensation

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I mean the average equity partner makes at least 1 million a year. In theory they could work as an equity partner for 5 years and probably be set for the rest of their lives idk just guessing at this point.

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Money is the only reason why anything at a V100 is “worth it”. V50 equity partners make $1m+ per year so any complaints by then about compensation should be taken with a grain of salt.

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Condensation complaints from EPs at these firms probably are in comparison to other EPs and not in comparison to what the rest of the firm or society makes. I would say: a seat at the table and less people who can tell you what to do.

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SA1, P1: That depends on the firm. Mine has a system of levels and multiples of gains plus bonus for EPs and a determined amount plus bonus for income partners (US, big law). Magic circle firms work with a point system and if the firm determines that you do not get points you will likely not get more than last year.

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