Proskauer Rose salary

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Dietz434

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Proskauer Rose salary

Postby Dietz434 » Fri Feb 09, 2018 4:25 pm

Hey my brother works at Proskauer Rose in New York. He's an associate. How much do the partners make there? I'm just really curious.

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4LTsPointingNorth

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Re: Proskauer Rose salary

Postby 4LTsPointingNorth » Fri Feb 09, 2018 6:10 pm

Proskauer reported profits per partner of around $2.1 million in 2016. That doesn't mean every partner makes that amount. Some make more, some make less. The full spread isn't reported

Dietz434

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Re: Proskauer Rose salary

Postby Dietz434 » Fri Feb 09, 2018 6:31 pm

4LTsPointingNorth wrote:Proskauer reported profits per partner of around $2.1 million in 2016. That doesn't mean every partner makes that amount. Some make more, some make less. The full spread isn't reported


OK so if a partner makes 2.1 million in profit what percentage of that goes to revenue? I know it differentiates if you make more or less, but what are we looking at? 30-40%?

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4LTsPointingNorth

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Re: Proskauer Rose salary

Postby 4LTsPointingNorth » Fri Feb 09, 2018 6:46 pm

I'll answer what I think you're asking...

Total firm revenues (money in) - total firm expenses (money out) = total firm profits (money remaining) for the year.

Total firm profits divided by total number of equity partners = profits per partner for the year.

Take home pay for each partner is distributed from that pool on the basis of however the firm has decided to distribute compensation among equity partners. At Proskauer, if every partner had taken home the same amount in 2016 (which they didn't), then each would have earned $2.1 million of pretax income.

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jbagelboy

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Re: Proskauer Rose salary

Postby jbagelboy » Sat Feb 10, 2018 5:21 am

Your brother makes much, much less than that, probably $200-300k depending on how many years he’s been there.

2013

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Re: Proskauer Rose salary

Postby 2013 » Sat Feb 10, 2018 5:40 pm

Partners in Newark, NOLA and Boca Raton are not making anywhere near that. Rainmakers in NY are probably making double.

RaceJudicata

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Re: Proskauer Rose salary

Postby RaceJudicata » Sun Feb 11, 2018 1:23 am

2013 wrote:Partners in Newark, NOLA and Boca Raton are not making anywhere near that. Rainmakers in NY are probably making double.


Don’t be so sure about that. Proskauer Nola has one of the top Erisa attorneys in the country. One of only partners in that office and certainly makes at least their ppp amount and most likely more. That’s just one example. Junior equity partners - nyc or otherwise - are the ones who are making less.



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