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Every “partner” at Kirkland
Non-equity partners at Kirkland are senior associates and we all know it. Enjoy those 2-4 years as a “partner” before they escort you out!
Rodge Cohen made it in six years, but he's an unusual case, and that was a long time ago. It's extremely rare to make it in less than 8 years these days, and quite common to take longer. Also, if you're at a V5, keep in mind that maybe 2 or 3 out of the 100 or so people in your starting class will make partner. Also remember that in 10 years, the richest people you know will have left the practice of law. Partnership at a big firm pays well, but starting a business always allows for more upside.
Rising Star
Your last two sentences are very apt observations.
Chief
I mean you can set up your own shop right out of law school, and bam, you’re a partner. I’ve known of people who have done this. What kind of law firm you talking about? Cravath scale I see 8 for superstars, more common is 10+. More midsize places I’ll sometimes see 7 years.
Rising Star
I don’t know, 35? I wouldn’t be in such a rush
Saw someone make partner recently after their 7th year at a v10.
7th yr associate made partner recently at 32
A 6th year at an approximately AmLaw 100 firm in Houston where the typical partnership track was 8-9 years. He then left the firm a year later to co-open a V50 firm’s office in Houston.
Unique circumstances where everyone knew he would make partner at the first firm. Lots of NY firms entering the Houston market at the time (2013-2016 time frame) so he was able to essentially demand partnership or else he’d leave to a new firm in town and the first firm caved and gave it to him to retain him. Didn’t last for long since he left a year later for a huge payday and spot as co-managing partner of the Houston office as essentially a 7th year.
My friend’s brother in law made partner at wachtell Lipton at like 35. My friend also thinks all lawyers make wachtell money
Rising Star
The OP’s question is misleading. Not intentionally though. Partner 2 is right here. Non-share partners are glorified associates, and there is a huge pecking order among equity partners as well. Not to mention the hybrid versions where non equity partners are told to put cash into the firm. There are a few firms where “making partner” means something, but they are few and far between and we all know which those firms are. Otherwise, the concept of “partnership” is almost meaningless as an objective distinction and wholly dependent on the firm.
My current supervisor. Made equity partner at 30. Is now 55. The other I worked for a few years ago made partner at 32
The partners of the firm I work for currently made partner right out of law school
5 years (not me)
Yes
Pro
Yeah, you may want to say “equity” or “share” partner as I think that is what people consider to be the impressive metric when considering age.
My firm has a 5 year partner track, 7 year equity track. If all goes well, I’ll be a partner by 29
Chief
6 years. And more than one person did that. Those were the good ol’ days. A 6th year to me today seems like a baby.
I saw it happen at 4 years once. But that associate had a specialized practice that no one else in the firm could do and she controlled @$1M in repeatable business. Firm wasn’t willing to lose her