law firm partner salaries Forum

[ResolutePear]

Interesting thread here. There are a remarkable number of similarities between this thread and those I see on banking forums yet the way you guys argue with each other is quite different. I guess its the 4 years of law school

Now as someone who has spent a few years on Wall Street and is considering a move to law, it is startling the differences I can spot. For comparison, the fresh college grad who works for me will make 150k or so before taxes while a 2nd and 3rd year out of college will make anywhere from 150-250k / year. While the work they're doing is infinitely less impactful I'm sure than any of the lawyers I deal with (although some are truly duds as well), really makes me question my decision to pursue law.

If you guys are all here debating pay, why not go be a lawyer at an IBank or Corporate? In-house counsel at investment banks get paid quite well ....

You don't belong here.

He could be PT?

[Yeshia90]

Interesting thread here. There are a remarkable number of similarities between this thread and those I see on banking forums yet the way you guys argue with each other is quite different. I guess its the 4 years of law school

Now as someone who has spent a few years on Wall Street and is considering a move to law, it is startling the differences I can spot. For comparison, the fresh college grad who works for me will make 150k or so before taxes while a 2nd and 3rd year out of college will make anywhere from 150-250k / year. While the work they're doing is infinitely less impactful I'm sure than any of the lawyers I deal with (although some are truly duds as well), really makes me question my decision to pursue law.

If you guys are all here debating pay, why not go be a lawyer at an IBank or Corporate? In-house counsel at investment banks get paid quite well ....

You don't belong here.

He could be PT?

Ah. I need to read more carefully.

[Placrates]

Wrote that real late - meant to write 3 years Sorry

What's a PT?

[happy187]

PT = Part Time

[Shammis]

Dont know if this thread was necroed or not, but there is also a difference between equity partners and salaried partners. Equity partners obviously make more since they get a share of profits, Salaried partners are the people they like/need to keep around but dont necessarily make it rain. A standard salary partner is usually someone like the Tax guy - he does valuable work, a little bit of it on a lot of cases and doesnt bring in that many clients.

[reasonable_man]

If you love money and leave I-Banking for the law, you're a fucking fool. Case closed. Stay put. You will be sorry. Trust me.

[AntiHuman]

Possibly the worst/most embarassing thread I've ever read on TLS.