KE NSP Autonomy? Forum

[Ultramar vistas]

You make NSP when you become a 7th year. Never heard of someone making it early.

There’s a few folks who have made it 1 year early. Got to be an absolute rockstar in the right situation though - not something you can really control.

Are you sure about that and that it wasn't just some class year thing? I've literally never heard of anyone getting NSP early no matter how good they are. Which makes sense in a way since it's much less of a real promotion than it's made out to be so why would the firm be rushing to hand out the title since it doesn't have any retention effect especially once the "promoted" attorneys realize what's really up. I have heard your version of things for getting shares early (e.g., 9th year) for some truly exceptional circumstances / talent.

Yes I am sure.

[Ultramar vistas]

You make NSP when you become a 7th year. Never heard of someone making it early.

There’s a few folks who have made it 1 year early. Got to be an absolute rockstar in the right situation though - not something you can really control.

Is there a general number of years until shares?

Expect to wait 4 years after you make NSP (i.e., as an 11th year lawyer, 10 years after you start at the firm,).

However, a small minority may make it after 3 years of being an NSP. Seen plenty of folks make it later than that, too.

[Anonymous User]

You make NSP when you become a 7th year. Never heard of someone making it early.

There’s a few folks who have made it 1 year early. Got to be an absolute rockstar in the right situation though - not something you can really control.

Is there a general number of years until shares?

Expect to wait 4 years after you make NSP (i.e., as an 11th year lawyer, 10 years after you start at the firm,).

However, a small minority may make it after 3 years of being an NSP. Seen plenty of folks make it later than that, too.

Yeah the path is much longer than that for most people now. It's considered exceptional to get shares at your 11th year these days. What you say was true back in the day but so much has changed in the past 5-10 years. Maybe that will change for the better this year who the hell knows maybe they make all the transactional 11th years share partners in response to attrition (doubt it!)

[Ultramar vistas]

You make NSP when you become a 7th year. Never heard of someone making it early.

There’s a few folks who have made it 1 year early. Got to be an absolute rockstar in the right situation though - not something you can really control.

Is there a general number of years until shares?

Expect to wait 4 years after you make NSP (i.e., as an 11th year lawyer, 10 years after you start at the firm,).

However, a small minority may make it after 3 years of being an NSP. Seen plenty of folks make it later than that, too.

Yeah the path is much longer than that for most people now. It's considered exceptional to get shares at your 11th year these days. What you say was true back in the day but so much has changed in the past 5-10 years. Maybe that will change for the better this year who the hell knows maybe they make all the transactional 11th years share partners in response to attrition (doubt it!)

Mmm not really. Maybe in your office. Here in Texas, equity has been pretty consistently a 10 year track.

[thisismytlsuername]

You make NSP when you become a 7th year. Never heard of someone making it early.

There’s a few folks who have made it 1 year early. Got to be an absolute rockstar in the right situation though - not something you can really control.

Is there a general number of years until shares?

Expect to wait 4 years after you make NSP (i.e., as an 11th year lawyer, 10 years after you start at the firm,).

However, a small minority may make it after 3 years of being an NSP. Seen plenty of folks make it later than that, too.

Yeah the path is much longer than that for most people now. It's considered exceptional to get shares at your 11th year these days. What you say was true back in the day but so much has changed in the past 5-10 years. Maybe that will change for the better this year who the hell knows maybe they make all the transactional 11th years share partners in response to attrition (doubt it!)

Mmm not really. Maybe in your office. Here in Texas, equity has been pretty consistently a 10 year track.

Kirkland hasn't even had Texas offices for 10 years, so perhaps your tiny sample size of less than 10% of the firm over less than a decade isn't really representative.

[Ultramar vistas]

You make NSP when you become a 7th year. Never heard of someone making it early.

There’s a few folks who have made it 1 year early. Got to be an absolute rockstar in the right situation though - not something you can really control.

Is there a general number of years until shares?

Expect to wait 4 years after you make NSP (i.e., as an 11th year lawyer, 10 years after you start at the firm,).

However, a small minority may make it after 3 years of being an NSP. Seen plenty of folks make it later than that, too.

Yeah the path is much longer than that for most people now. It's considered exceptional to get shares at your 11th year these days. What you say was true back in the day but so much has changed in the past 5-10 years. Maybe that will change for the better this year who the hell knows maybe they make all the transactional 11th years share partners in response to attrition (doubt it!)

Mmm not really. Maybe in your office. Here in Texas, equity has been pretty consistently a 10 year track.

Kirkland hasn't even had Texas offices for 10 years, so perhaps your tiny sample size of less than 10% of the firm over less than a decade isn't really representative.

Why so snarky? People ask for experiences, I’m giving mine, with accurate information, from a non-anonymous account, and you can take it however you want. I literally acknowledged that I can’t speak to other offices.

But in Texas, people have generally made equity in their ninth, tenth or eleventh year as an attorney, and usually in their tenth. The fact that the office wasn’t open 10 years ago doesn’t change that.

[Anonymous User]

You make NSP when you become a 7th year. Never heard of someone making it early.

There’s a few folks who have made it 1 year early. Got to be an absolute rockstar in the right situation though - not something you can really control.

Are you sure about that and that it wasn't just some class year thing? I've literally never heard of anyone getting NSP early no matter how good they are. Which makes sense in a way since it's much less of a real promotion than it's made out to be so why would the firm be rushing to hand out the title since it doesn't have any retention effect especially once the "promoted" attorneys realize what's really up. I have heard your version of things for getting shares early (e.g., 9th year) for some truly exceptional circumstances / talent.

Yes I am sure.

How recently and where? Certainly hasn’t happened in the Chicago corporate group in the last 6 years. As the firm grows, a lot of this one-off exception stuff seems to be dying down.

[Anonymous User]

There’s a few folks who have made it 1 year early. Got to be an absolute rockstar in the right situation though - not something you can really control.

Is there a general number of years until shares?

Expect to wait 4 years after you make NSP (i.e., as an 11th year lawyer, 10 years after you start at the firm,).

However, a small minority may make it after 3 years of being an NSP. Seen plenty of folks make it later than that, too.

Yeah the path is much longer than that for most people now. It's considered exceptional to get shares at your 11th year these days. What you say was true back in the day but so much has changed in the past 5-10 years. Maybe that will change for the better this year who the hell knows maybe they make all the transactional 11th years share partners in response to attrition (doubt it!)

Mmm not really. Maybe in your office. Here in Texas, equity has been pretty consistently a 10 year track.

Kirkland hasn't even had Texas offices for 10 years, so perhaps your tiny sample size of less than 10% of the firm over less than a decade isn't really representative.

Why so snarky? People ask for experiences, I’m giving mine, with accurate information, from a non-anonymous account, and you can take it however you want. I literally acknowledged that I can’t speak to other offices.

But in Texas, people have generally made equity in their ninth, tenth or eleventh year as an attorney, and usually in their tenth. The fact that the office wasn’t open 10 years ago doesn’t change that.

We're being a little snarky because your experience sounds unrepresentative working for a few years in one of our small offices. You can assume you're talking with people from major offices with a decade+ at the firm who have seen a lot more than you. If someone you know in one of our Texas offices got an early NSP promotion that's fine, no one is calling you a liar. I think we're all on the same page that it's super, super uncommon and maybe nearly unheard of outside of I guess an office in Texas lol. Also, again, is it possible people got equity at yr 10/11? Sure. But the broad trend at the firm is a significant extension of the path to equity which you sound like you haven't been around to even see.

The Texas market is pretty unique. For people reading this in the future, I wouldn't draw too much inference about how KE operates in its major markets (Chicago, NY, DC, LA/SF to a lesser extent) from this, that's all.

[Ultramar vistas]

Is there a general number of years until shares?

Expect to wait 4 years after you make NSP (i.e., as an 11th year lawyer, 10 years after you start at the firm,).

However, a small minority may make it after 3 years of being an NSP. Seen plenty of folks make it later than that, too.

Yeah the path is much longer than that for most people now. It's considered exceptional to get shares at your 11th year these days. What you say was true back in the day but so much has changed in the past 5-10 years. Maybe that will change for the better this year who the hell knows maybe they make all the transactional 11th years share partners in response to attrition (doubt it!)

Mmm not really. Maybe in your office. Here in Texas, equity has been pretty consistently a 10 year track.

Kirkland hasn't even had Texas offices for 10 years, so perhaps your tiny sample size of less than 10% of the firm over less than a decade isn't really representative.

Why so snarky? People ask for experiences, I’m giving mine, with accurate information, from a non-anonymous account, and you can take it however you want. I literally acknowledged that I can’t speak to other offices.

But in Texas, people have generally made equity in their ninth, tenth or eleventh year as an attorney, and usually in their tenth. The fact that the office wasn’t open 10 years ago doesn’t change that.

We're being a little snarky because your experience sounds unrepresentative working for a few years in one of our small offices. You can assume you're talking with people from major offices with a decade+ at the firm who have seen a lot more than you. If someone you know in one of our Texas offices got an early NSP promotion that's fine, no one is calling you a liar. I think we're all on the same page that it's super, super uncommon and maybe nearly unheard of outside of I guess an office in Texas lol. Also, again, is it possible people got equity at yr 10/11? Sure. But the broad trend at the firm is a significant extension of the path to equity which you sound like you haven't been around to even see.

The Texas market is pretty unique. For people reading this in the future, I wouldn't draw too much inference about how KE operates in its major markets (Chicago, NY, DC, LA/SF to a lesser extent) from this, that's all.

Texas is 300+ people, it’s not that unrepresentative. People can draw whatever inferences they want, I don’t hide my location or experience. For what it’s worth, a first year can figure out as much of the historic trends as a fifth year as can a 10th year. It’s all pretty public - I just clicked through PE equity partners in Chicago and I’m seeing a lot of 2009 and 2010 P.C.s, and nothing to suggest that Chicago is operating on some kind of radically extended partnership track.

Reframing the discussion as “is the broad trend of equity an extended track” is a bit different to saying outright that the track is no longer 10 years, and is more like 12 to 15. yeah, I think everyone is aware that it’s not the ‘80s any more, and outside of a couple lockstep firms, the general trend is later and later partnership. I also shouldn’t have to qualify that most people will never make equity no matter how long they stick around. But you are still “up” for equity after 10 years as a general rule, and I see many 2010 grads who made P.C. last year in NY and Chicago, which suggests that still holds true in those offices.

Re: early NSP, you’re exactly right, and that’s literally exactly what I said - you have to be a rockstar in a particular situation, and it’s not in your control. I never argued that it’s replicable by following any particular steps. I’m not going to put names and situations out there on a public forum because that’s not cool, but it’s not a secret and I’m pretty sure you can figure it out without difficulty.

Re your statement that “You can assume you're talking with people from major offices with a decade+ at the firm who have seen a lot more than you”, unfortunately that’s typically the wrong assumption to make around here, especially when so many people are auto-anon.

[Anonymous User]

Adding some more data points here (and trying to move past the KE office vs. office pissing match):

You officially get the job title of "partner" as NSP on October 1 of the year preceding your 7th year; i.e., C/O 2015s just made partner a month ago. You can go to their website pages, internal materials, etc. and they are listed as "partner." I've never heard of a rockstar making it a year early but I guess it wouldn't shock me.

You generally are up for equity after four years of being an NSP, so what would be during your 10th year. But there is a lot of culling during the NSP years. Again in my experience as a midlevel, having not experienced any lean times, the firm is not really culling the herd much at all during the associate years. Certain underperformers are pushed out, but most of the churn are people leaving voluntarily. If you do decent work, are liked, and are willing to put in the hours, you have a very good shot at earning the "partner" title and being made NSP. Once you are NSP, within a couple of years, you are likely to have a pretty good picture of whether you have a shot at becoming a share partner, and often you will get the NSP version of "the talk" which can be a very, very long off-ramp from the firm. I've worked closely with a couple NSPs to whom it was indicated that they needed to leave and they both stayed at the firm for nearly a year, transitioning off of cases (and ultimately not doing very much work) before landing in very cushy in-house roles. NSPs are allowed lots of leeway to land softly. (Associates generally are too, but NSPs to a very generous degree.)

Like others have said, it seems like there is a bit more "wait 1 more year" cases for people who get deferred during year 10 and go up again in year 11, so the track is getting extended.

[Anonymous User]

Adding some more data points here (and trying to move past the KE office vs. office pissing match):

You officially get the job title of "partner" as NSP on October 1 of the year preceding your 7th year; i.e., C/O 2015s just made partner a month ago. You can go to their website pages, internal materials, etc. and they are listed as "partner." I've never heard of a rockstar making it a year early but I guess it wouldn't shock me.

You generally are up for equity after four years of being an NSP, so what would be during your 10th year. But there is a lot of culling during the NSP years. Again in my experience as a midlevel, having not experienced any lean times, the firm is not really culling the herd much at all during the associate years. Certain underperformers are pushed out, but most of the churn are people leaving voluntarily. If you do decent work, are liked, and are willing to put in the hours, you have a very good shot at earning the "partner" title and being made NSP. Once you are NSP, within a couple of years, you are likely to have a pretty good picture of whether you have a shot at becoming a share partner, and often you will get the NSP version of "the talk" which can be a very, very long off-ramp from the firm. I've worked closely with a couple NSPs to whom it was indicated that they needed to leave and they both stayed at the firm for nearly a year, transitioning off of cases (and ultimately not doing very much work) before landing in very cushy in-house roles. NSPs are allowed lots of leeway to land softly. (Associates generally are too, but NSPs to a very generous degree.)

Like others have said, it seems like there is a bit more "wait 1 more year" cases for people who get deferred during year 10 and go up again in year 11, so the track is getting extended.

I would just add to this that for specialist groups there a lot more perma-NSPs and less culling. For M&A though perma-NSPs are rare, I am only aware of one.

[Anonymous User]

Expect to wait 4 years after you make NSP (i.e., as an 11th year lawyer, 10 years after you start at the firm,).

However, a small minority may make it after 3 years of being an NSP. Seen plenty of folks make it later than that, too.

Yeah the path is much longer than that for most people now. It's considered exceptional to get shares at your 11th year these days. What you say was true back in the day but so much has changed in the past 5-10 years. Maybe that will change for the better this year who the hell knows maybe they make all the transactional 11th years share partners in response to attrition (doubt it!)

Mmm not really. Maybe in your office. Here in Texas, equity has been pretty consistently a 10 year track.

Kirkland hasn't even had Texas offices for 10 years, so perhaps your tiny sample size of less than 10% of the firm over less than a decade isn't really representative.

Why so snarky? People ask for experiences, I’m giving mine, with accurate information, from a non-anonymous account, and you can take it however you want. I literally acknowledged that I can’t speak to other offices.

But in Texas, people have generally made equity in their ninth, tenth or eleventh year as an attorney, and usually in their tenth. The fact that the office wasn’t open 10 years ago doesn’t change that.

We're being a little snarky because your experience sounds unrepresentative working for a few years in one of our small offices. You can assume you're talking with people from major offices with a decade+ at the firm who have seen a lot more than you. If someone you know in one of our Texas offices got an early NSP promotion that's fine, no one is calling you a liar. I think we're all on the same page that it's super, super uncommon and maybe nearly unheard of outside of I guess an office in Texas lol. Also, again, is it possible people got equity at yr 10/11? Sure. But the broad trend at the firm is a significant extension of the path to equity which you sound like you haven't been around to even see.

The Texas market is pretty unique. For people reading this in the future, I wouldn't draw too much inference about how KE operates in its major markets (Chicago, NY, DC, LA/SF to a lesser extent) from this, that's all.

Texas is 300+ people, it’s not that unrepresentative. People can draw whatever inferences they want, I don’t hide my location or experience. For what it’s worth, a first year can figure out as much of the historic trends as a fifth year as can a 10th year. It’s all pretty public - I just clicked through PE equity partners in Chicago and I’m seeing a lot of 2009 and 2010 P.C.s, and nothing to suggest that Chicago is operating on some kind of radically extended partnership track.

Reframing the discussion as “is the broad trend of equity an extended track” is a bit different to saying outright that the track is no longer 10 years, and is more like 12 to 15. yeah, I think everyone is aware that it’s not the ‘80s any more, and outside of a couple lockstep firms, the general trend is later and later partnership. I also shouldn’t have to qualify that most people will never make equity no matter how long they stick around. But you are still “up” for equity after 10 years as a general rule, and I see many 2010 grads who made P.C. last year in NY and Chicago, which suggests that still holds true in those offices.

Re: early NSP, you’re exactly right, and that’s literally exactly what I said - you have to be a rockstar in a particular situation, and it’s not in your control. I never argued that it’s replicable by following any particular steps. I’m not going to put names and situations out there on a public forum because that’s not cool, but it’s not a secret and I’m pretty sure you can figure it out without difficulty.

Re your statement that “You can assume you're talking with people from major offices with a decade+ at the firm who have seen a lot more than you”, unfortunately that’s typically the wrong assumption to make around here, especially when so many people are auto-anon.

The equity track point isn't an 80s vs. 2021 thing. It's been a material change in the firm over the last 10 years that many of us have observed. Very few people are getting equity after 10 years which was different in 2010; the path to equity has been notably extended in most groups. You are just wrong on this no matter how much you've "clicked" on bios. You are correct that people are technically up for equity after 10 years at the firm, that's accurate. 10 years ago there wasn't a class of "permanent NSPs" which the firm now provides as an actual committee rating. Many people get messages that equity isn't even in consideration until yr. 12-15. Texas is a great growth spot for us but it isn't where policy or broader firm culture is set and won't ever be; it's an outlier market (that we're kicking ass in).

[Anonymous User]

Adding some more data points here (and trying to move past the KE office vs. office pissing match):

You officially get the job title of "partner" as NSP on October 1 of the year preceding your 7th year; i.e., C/O 2015s just made partner a month ago. You can go to their website pages, internal materials, etc. and they are listed as "partner." I've never heard of a rockstar making it a year early but I guess it wouldn't shock me.

You generally are up for equity after four years of being an NSP, so what would be during your 10th year. But there is a lot of culling during the NSP years. Again in my experience as a midlevel, having not experienced any lean times, the firm is not really culling the herd much at all during the associate years. Certain underperformers are pushed out, but most of the churn are people leaving voluntarily. If you do decent work, are liked, and are willing to put in the hours, you have a very good shot at earning the "partner" title and being made NSP. Once you are NSP, within a couple of years, you are likely to have a pretty good picture of whether you have a shot at becoming a share partner, and often you will get the NSP version of "the talk" which can be a very, very long off-ramp from the firm. I've worked closely with a couple NSPs to whom it was indicated that they needed to leave and they both stayed at the firm for nearly a year, transitioning off of cases (and ultimately not doing very much work) before landing in very cushy in-house roles. NSPs are allowed lots of leeway to land softly. (Associates generally are too, but NSPs to a very generous degree.)

Like others have said, it seems like there is a bit more "wait 1 more year" cases for people who get deferred during year 10 and go up again in year 11, so the track is getting extended.

Nice post. Re your comment about long off-ramp I've seen this in several cases and depending on your perspective it's either great (holy shit they'll pay me to do a job search for 18 months) or sad (you linger around not doing any real work with a tarnished reputation). I've seen colleagues get screwed by the long off ramp ironically because they just sort of lingered and weren't motivated to move away. If I ever got "the talk" my ass would be out of the place in a month, I wouldn't hang around. One of the things people forget if you've worked here a long time is how portable the KE name / reputation is if you leverage it, especially in this climate--people are leaving as NSPs and getting equity just by sliding 10/20/30 spots down the Vault right now.

[Anonymous User]

Adding some more data points here (and trying to move past the KE office vs. office pissing match):

You officially get the job title of "partner" as NSP on October 1 of the year preceding your 7th year; i.e., C/O 2015s just made partner a month ago. You can go to their website pages, internal materials, etc. and they are listed as "partner." I've never heard of a rockstar making it a year early but I guess it wouldn't shock me.

You generally are up for equity after four years of being an NSP, so what would be during your 10th year. But there is a lot of culling during the NSP years. Again in my experience as a midlevel, having not experienced any lean times, the firm is not really culling the herd much at all during the associate years. Certain underperformers are pushed out, but most of the churn are people leaving voluntarily. If you do decent work, are liked, and are willing to put in the hours, you have a very good shot at earning the "partner" title and being made NSP. Once you are NSP, within a couple of years, you are likely to have a pretty good picture of whether you have a shot at becoming a share partner, and often you will get the NSP version of "the talk" which can be a very, very long off-ramp from the firm. I've worked closely with a couple NSPs to whom it was indicated that they needed to leave and they both stayed at the firm for nearly a year, transitioning off of cases (and ultimately not doing very much work) before landing in very cushy in-house roles. NSPs are allowed lots of leeway to land softly. (Associates generally are too, but NSPs to a very generous degree.)

Like others have said, it seems like there is a bit more "wait 1 more year" cases for people who get deferred during year 10 and go up again in year 11, so the track is getting extended.

Nice post. Re your comment about long off-ramp I've seen this in several cases and depending on your perspective it's either great (holy shit they'll pay me to do a job search for 18 months) or sad (you linger around not doing any real work with a tarnished reputation). I've seen colleagues get screwed by the long off ramp ironically because they just sort of lingered and weren't motivated to move away. If I ever got "the talk" my ass would be out of the place in a month, I wouldn't hang around. One of the things people forget if you've worked here a long time is how portable the KE name / reputation is if you leverage it, especially in this climate--people are leaving as NSPs and getting equity just by sliding 10/20/30 spots down the Vault right now.

Not trying to troll, but how portable/prestigious is the KE name relative to the rest of the v10. I don't think I personally buy the TLS knocks against the likes of KE/LW re lower quality associates and credentials, but wonder how the market perceives them. Maybe that's offset with the NSP technically having partner title. But on balance, is a 12th year KE NSP better situated than a 12th year associate at DPW/SC/STB/Skadden to get equity at another v20?

[Ultramar vistas]

The equity track point isn't an 80s vs. 2021 thing. It's been a material change in the firm over the last 10 years that many of us have observed. Very few people are getting equity after 10 years which was different in 2010; the path to equity has been notably extended in most groups. You are just wrong on this no matter how much you've "clicked" on bios. You are correct that people are technically up for equity after 10 years at the firm, that's accurate. 10 years ago there wasn't a class of "permanent NSPs" which the firm now provides as an actual committee rating. Many people get messages that equity isn't even in consideration until yr. 12-15.

Did you really go through all that just to effectively agree with what I actually said?

Expect to wait 4 years after you make NSP (i.e., as an 11th year lawyer, 10 years after you start at the firm,).

However, a small minority may make it after 3 years of being an NSP. Seen plenty of folks make it later than that, too.

I don’t know why we’re putting “clicked on” in scare quotes as if data is irrelevant, but if I can find 4 people in 5 minutes who are share partners in Chicago M&A and are all class of 2010, then that’s kind of relevant to this discussion. No one is doubting that many people go longer, and sometimes much longer, than 10 years. I think the death of up-or-out has clear pros and cons we could debate for hours. But the OP asked when NSPs are up for shares, and the answer is 10 years, + or -.

[Anonymous User]

I made it after 11 years (but technically 12 because I was cut a class year when I lateralled in). 10 years is the minimum (yes there are shorter but only in exceptional circumstances), 11-12 more common. You don't really see 13+ because anybody taking that long isn't somebody the firm probably thinks of as SP material.

[Anonymous User]

I made it after 11 years (but technically 12 because I was cut a class year when I lateralled in). 10 years is the minimum (yes there are shorter but only in exceptional circumstances), 11-12 more common. You don't really see 13+ because anybody taking that long isn't somebody the firm probably thinks of as SP material.

Is there a group most conducive to getting shares and getting shares earlier rather than later?

[Anonymous User]

I made it after 11 years (but technically 12 because I was cut a class year when I lateralled in). 10 years is the minimum (yes there are shorter but only in exceptional circumstances), 11-12 more common. You don't really see 13+ because anybody taking that long isn't somebody the firm probably thinks of as SP material.

Is there a group most conducive to getting shares and getting shares earlier rather than later?

M&A

[Anonymous User]

I made it after 11 years (but technically 12 because I was cut a class year when I lateralled in). 10 years is the minimum (yes there are shorter but only in exceptional circumstances), 11-12 more common. You don't really see 13+ because anybody taking that long isn't somebody the firm probably thinks of as SP material.

Is there a group most conducive to getting shares and getting shares earlier rather than later?

M&A

All the big transactional practices. General lit. is becoming a wasteland for NSPs and I've heard the review committees are actively trying to steer people away from it and into more of the niche lit. practices which are seen as better growth opportunities.

[thisismytlsuername]

I made it after 11 years (but technically 12 because I was cut a class year when I lateralled in). 10 years is the minimum (yes there are shorter but only in exceptional circumstances), 11-12 more common. You don't really see 13+ because anybody taking that long isn't somebody the firm probably thinks of as SP material.

Dang, congrats on being rich as fuck. What's minimum shares equal to now, $2 mil?

[Anonymous User]

I made it after 11 years (but technically 12 because I was cut a class year when I lateralled in). 10 years is the minimum (yes there are shorter but only in exceptional circumstances), 11-12 more common. You don't really see 13+ because anybody taking that long isn't somebody the firm probably thinks of as SP material.

Is there a group most conducive to getting shares and getting shares earlier rather than later?

M&A

How's debt finance?

[Anonymous User]

I made it after 11 years (but technically 12 because I was cut a class year when I lateralled in). 10 years is the minimum (yes there are shorter but only in exceptional circumstances), 11-12 more common. You don't really see 13+ because anybody taking that long isn't somebody the firm probably thinks of as SP material.

Is there a group most conducive to getting shares and getting shares earlier rather than later?

M&A

How's debt finance?

Also good.

[Anonymous User]

I made it after 11 years (but technically 12 because I was cut a class year when I lateralled in). 10 years is the minimum (yes there are shorter but only in exceptional circumstances), 11-12 more common. You don't really see 13+ because anybody taking that long isn't somebody the firm probably thinks of as SP material.

Dang, congrats on being rich as fuck. What's minimum shares equal to now, $2 mil?

Yes at least $2 mil for the minimum, possibly more projected for this year.

[Anonymous User]

I made it after 11 years (but technically 12 because I was cut a class year when I lateralled in). 10 years is the minimum (yes there are shorter but only in exceptional circumstances), 11-12 more common. You don't really see 13+ because anybody taking that long isn't somebody the firm probably thinks of as SP material.

Dang, congrats on being rich as fuck. What's minimum shares equal to now, $2 mil?

Yes at least $2 mil for the minimum, possibly more projected for this year.

Fuck you. I say that in a congratulatory and also totally jealous way that's awesome I sure hope the firm steps up and makes more people equity this year than they ever have before--they need to do something major to address the attrition in the NSP ranks.

[Anonymous User]

I made it after 11 years (but technically 12 because I was cut a class year when I lateralled in). 10 years is the minimum (yes there are shorter but only in exceptional circumstances), 11-12 more common. You don't really see 13+ because anybody taking that long isn't somebody the firm probably thinks of as SP material.

Dang, congrats on being rich as fuck. What's minimum shares equal to now, $2 mil?

Yes at least $2 mil for the minimum, possibly more projected for this year.

Fuck you. I say that in a congratulatory and also totally jealous way that's awesome I sure hope the firm steps up and makes more people equity this year than they ever have before--they need to do something major to address the attrition in the NSP ranks.

Agreed that we should be making more SPs. Last year we overreacted to the post-COVID slowdown in deal activity and made fewer than we normally would. I get the feeling this year we're going to make up for that.