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Who billed the most today?
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It’s black box so hard to tell. When you make SH, they freeze your salary at what you were making as a senior associate. When you get promoted to higher levels of SH, that comes with a base salary increase. I think the highest level SH comp is ~$475k base + bonus. I have no idea about overall comp range though. I do know it is not uncommon for junior SHs to make less than they did as senior associates bc they can get goose egged on bonus.
Thanks for the detailed answers! Great to know
Can vary wildly and is based on some formula dependent on origination (i.e value of matters that the SH brought in) and collections (i.e amount of money collected off of the SH’s billable hours). There’s also a concept of a [3] year average so the SH doesn’t get totally screwed over if they underperform for a given year.
So it’s not like a traditional partnership where more shares = bigger piece of the pie.