What’s the difference between salary and equity partners? Pros and cons? And what differentiates the salary partner from a senior counsel other than prestige?

like
Posting as :
works at
You are currently posting as works at

Equity partners share profits from the firm (BIG money). Salary partners do not- they are partners by name only. It’s much more difficult at some firms to become an equity partner. They are also expected to (continue to) make it rain.

like

Those who have the gold make the rules. Clients are gold. Does not mean there are the best lawyers or the smartest lawyers, but they command the most because they have loyal clients/gold.

like

Related Posts

Can anyone share work culture and flexibility in olam Chennai. Also what is salary range and incentives for associate director in olam.

like

YOE-3.3
Position- Data Engineer
Currently working in Quantiphi
I have 3 offers right now
1) Testbook 23lpa- 19fixed and rest stocks and variable
2)Tech Mahindra-20lpa fixed
3)Skuad - 24lpa fixed
Confused right now which to choose also been listening about recession and bear market so job security is also a crucial point in making a decision.

like

Guys,

Please help me with any vital contacts that should be kept with me before my last working day in Capgemini.

I took my payslips
Form16
Salary revision letters

Anything I am missing?
How to connect with Capgemini after last working day for any queries or clarifications?

Please advise. Thanks in advance

like

Hello!

Could anyone help me with the salary range that
Siemens offers for Cyber Security role?

Skillset: Web App Pen-Testing

YoE: 6.8 (Relevant - 5)

CCTC - 15.75 (13 Fixed)

Siemens Ltd

How is hcl GIT vertical?

I got offer for senior manager profile.
Offered 32L
Yoe: 11.5 years

Is salary credited for KGS today or will it be tomorw

like

salary band for Accenture Management Consulting 2nd year Manager in Chicago (Tier 2)? Was offered $120k base. Thoughts?

like

Hii! Question for everyone, how much should a UX Researcher (quantitative) with 5 years experience + PhD should be making? NYC based

like

Does anyone have any insights on what a typical Sr. Associate Director makes at Boehringer Ingelheim? I have a range of 170-180k which I think is fair but don’t want to be underpaid. Also, any information regarding retirement planning or medical/dental benefits would be helpful. Haven’t gotten much out of HR. Thanks in advance!

like

Still want a recruitment bonus 👀. Lmk if you’re looking to lateral!

likesmart

What's the ACD salary range in Chicago? Same for in-house?

like

Hi! What would you say the average salary for a first year Art Director would be? My role would go from Production Designer (first job out of college) to Art Director. Thanks!

like

Polling: Salary, location, years in media

VP/Group Media Director

130, LA, 10

like

HCOL audit SM looking to leave big 4. What should be my comp expectation?

like
like

Hi Fishes

I am currently interviewing with Microsoft for Product Manager Role and have completed 3 rounds.

I am unaware of the 3rd round results as HR is OOO and has some medical Emergency at home. What should I do now ? I am getting nervous day by day.

Also what will be the Salary range for a Product Manager at Microsoft

Please help me out

like

How difficult is it to lateral to other areas of tax without prior experience in the area? (Ex: Income tax planning to estate planning, corporate tax to exec comp, or estate planning to controversy work, etc.) Assuming you have an LLM or a couple years of experience in your first tax area.

like

I currently work as a 2L for a small firm that pays below the average rate for law student clerks. I’m grateful they even pay me what they do. However, I’d love sound advice for asking for a raise.

like

Hi Fishes!
I just got an offer from Quantiphi Analytics, Bangalore
Role: Data Engineer
Salary Offered: 16 LPA (14 fixed)
Current: 5.7
YOE: 3
Could you let me know if i should join this company? Considering its a startup and the offer is more than I expected

like

What is the salary for a full stack developer of 5 years experience according to industry standards right now?

like

More Posts

Has anyone switched labs for better lab quality/embryologist experience? Wondering if there is a significant difference between labs. We got poor results at our current clinic and, happens that our clinic is rated lower on SART website. Wondering if the lab quality is the reason or if the clinic handles complicated cases that lead to lower outcomes. Overall, unsure if we should switch clinics or just try again at the current one. Thanks.

like

What’s the culture at NPR?

like

Typical day for Credit risk business analyst BA4?
How is the work life? Management? Leadership? Office transport, canteen?

like

In my 40s, here in the larger NYC area for a couple weeks visiting family. Male, athletic. If anyone's interested in chatting (admittedly in a playful mood currently, so that's my current preference), drop me a DM.

likefunny

Hi. Can I bounce some ideas for a spot off one of ya?

Hey all! Need a couple book recs for an upcoming beach trip.

Looking for a great non-fiction, relating to travel or world history (not just one moment in time). Could also be about the marketing world or memoirs of a business leader kinda thing.

Fiction wise I also like fantasy, paranormal, and romance. Some fave book series are the Black Gryphon from Mercedes Lackey, Game of Thrones, and From Jamaica Lane series. Similar books?

like

Hi fishes ,
Anyone can share the data privacy in India and across aisa pacific regions

like
like

I’m a wealth management associate and Considering a move from wire house-brokerage to RIA. Have you made the switch? Good/Bad experiences welcome.

like

Hello Everyone,
Welcome to Harbinger Group.

like

YOE-3.3
Position- Data Engineer
Currently working in Quantiphi
I have 3 offers right now
1) Testbook 23lpa- 19fixed and rest stocks and variable
2)Tech Mahindra-20lpa fixed
3)Skuad - 24lpa fixed
Confused right now which to choose also been listening about recession and bear market so job security is also a crucial point in making a decision.

like

Can anyone share work culture and flexibility in olam Chennai. Also what is salary range and incentives for associate director in olam.

like

Guys,

Please help me with any vital contacts that should be kept with me before my last working day in Capgemini.

I took my payslips
Form16
Salary revision letters

Anything I am missing?
How to connect with Capgemini after last working day for any queries or clarifications?

Please advise. Thanks in advance

like

How long did Google take to complete your PERM after joining? Have an offer but priority date might become current soon, what to do?

like

Hello!

Could anyone help me with the salary range that
Siemens offers for Cyber Security role?

Skillset: Web App Pen-Testing

YoE: 6.8 (Relevant - 5)

CCTC - 15.75 (13 Fixed)

Siemens Ltd

Lots of right wing hysteria about liberals trying to engineer equality of outcome to correct sexual/racial inequities (in higher ed, for example). I think we all want socioeconomic, gender and racial barriers to opportunities to be addressed, but no significant number of people really believe in equality of outcome right? This is just a straw man argument.

like

Thoughts on the best domestic mileage program? Any recommendations for someone also potentially using those miles for international redemptions?

like

Is there any way to get around the coinbase fee when buying crypto?

like

When HR's literally means "There is no budget constraints for right candidate" 😄🤑

Post Photo
funnylike

I am not ok.

like

Additional Posts in Law

Need advice: I want to ask my firm to move me to another office permanently. How do I bring it up? I think my firm will understand and try to move me, but not guaranteed. Need to plan for it well.

likehelpful

Opinions on career clerkships? Especially with a two year old and wanting another child eventually.

like

I've been a government attorney for nearly three years now and have worked in the same office/division since I passed the bar. I've yet to receive a promotion other than two cost of living increases (in sum, a pay increase of 6k over 3 years). I know this is meager, but I'm mostly ok with it, I just want to see some recognition. On the other hand, it's hard for me to imagine negotiating because (given my inexperience), I don't feel I'd be able to do better anywhere else. Any advice?

like

Why did you decide to leave your first firm job? If you had a chance to jump ship but stayed, why did you stay?

like

Any advise for wrist pinch pain? (Not looking for the surgery route). I also have an ergonomic keyboard.

like

BILLABLE v. SALARY BASED.... pros and cons? I’ve never worked at a firm that has billing requirements, I’ve always been salary based, but I’m interested to know what your experiences have been!

like

If an individual resides in CT and works in NY can we serve them in NY?

like

I made an offer to a candidate today. It feels really good to make that phone call and hear the other person being happy.

likeuplifting

For those seeking to make a move DLA just announced matching and has tons of openings across all transactional verticals! PM me for details

like

What’s the best way to turn down a 2nd interview? During the 1st interview, I learned that the compensation for the role is not within the range that I am looking for and requires 400 more billable hours a year than what I bill now. I’d basically be laterally for my current salary just to bill 400 more hours. I also wasn’t aware that the local office was strictly ID. Firm website advertises lots of practice areas. Any advice? TIA!

like

When you feel like you could be providing better work product and feel like your partner isn’t your biggest fan, what advice would you have?

like

Are you sticking around your current firm if you’re up for partnership and don’t make it this year?

likehelpful

Just FYI, if you ever miss an issue in an agreement that you don’t catch until late in the deal process, don’t try to blame it on the other side to your client. You’ll get caught.

likehelpful

How much more, if at all, do Cravath / Wachtell attorneys work than S&C, Skadden, Davis Polk etc.

likesmart

My first job out of law school was incredibly toxic and I'm gradually learning that all the skills I learned there are actually the worst way to do things. How do I recover from that in a job interview perspective?

like

Anyone want to give me retroactive FOMO by sharing stories from their summer associate programs? Mine is entirely virtual, and needless to say we are less than enthused by what we’re missing out on

like

Is there an appropriate way to turn down an assignment because it is non-billable? Two of the partners I work for keep asking me to write client bulletins and articles with them, which is great, but now I’m starting to worry about meeting my billable hours requirement.

like

Protocol for responding (or not) to unsolicited emails from recruiters to your work email? In other words, is it acceptable to just ignore without a response? Or do you prefer to keep the line open with a brief “thanks for thinking of me, I am not interested at this time but hope we can collaborate in the future.”

like

Those of you who have left a firm, do you still keep in touch with any of your former supervisors, via email, happy hour, or otherwise? How long did you wait to re establish contact? I’m in a small market and worry about perception at my current firm. TIA

like

Please tell us, since COVID started:

-weirdest thing you've eaten
-weirdest thing you've watched
-weidest thought you've had.

likehelpful

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal