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Does ECEB partner make significantly less than a general tax partner?Wanderingdrock wrote: ↑Wed Dec 11, 2024 9:54 amI am not in this area but I'm in Biglaw, and from what I can tell the EC/EB option is by far the best of the three you name. Obviously YMMV based on which practice area you prefer, but from what I've heard the EC/EB specialists love their work and have decent long-term job security/partnership prospects. Plus, they get paid the best by far of the three career trajectories you've named.
You can also always move from Biglaw to midlaw or Big Four. The other direction is much more difficult. (I know someone who tried to come over to my firm from the Big Four, with a general tax background, but our tax group wasn't hiring and she didn't have the qualifications to join any other practice group. She ended up at a boutique firm with a cool title and decent compensation, but just to illustrate my point.)
I don't think that's necessarily the case. ERISA is one of those highly specialized areas that very few people do, but when they have someone who is doing it and is fully utilized they tend to keep them around. Fewer people seem to wash out of ERISA than general tax. It also has pretty decent in-house options down the line as most larger companies need at least one benefits specialist.Anonymous User wrote: ↑Wed Dec 11, 2024 5:39 pmDoes ECEB partner make significantly less than a general tax partner?Wanderingdrock wrote: ↑Wed Dec 11, 2024 9:54 amI am not in this area but I'm in Biglaw, and from what I can tell the EC/EB option is by far the best of the three you name. Obviously YMMV based on which practice area you prefer, but from what I've heard the EC/EB specialists love their work and have decent long-term job security/partnership prospects. Plus, they get paid the best by far of the three career trajectories you've named.
You can also always move from Biglaw to midlaw or Big Four. The other direction is much more difficult. (I know someone who tried to come over to my firm from the Big Four, with a general tax background, but our tax group wasn't hiring and she didn't have the qualifications to join any other practice group. She ended up at a boutique firm with a cool title and decent compensation, but just to illustrate my point.)
FalseWanderingdrock wrote: ↑Wed Dec 11, 2024 9:54 amEC/EB specialists love their work and have decent long-term job security/partnership prospects. . . . .
TrueWanderingdrock wrote: ↑Wed Dec 11, 2024 9:54 am. . . they get paid the best by far of the three career trajectories you've named. . . . .
As poster above already said, not necessarily, but generally speaking Biglaw partners will make more than midlaw partners, and I was commenting specifically on the three career trajectories described by OP.Anonymous User wrote: ↑Wed Dec 11, 2024 5:39 pmDoes ECEB partner make significantly less than a general tax partner?Wanderingdrock wrote: ↑Wed Dec 11, 2024 9:54 amI am not in this area but I'm in Biglaw, and from what I can tell the EC/EB option is by far the best of the three you name. Obviously YMMV based on which practice area you prefer, but from what I've heard the EC/EB specialists love their work and have decent long-term job security/partnership prospects. Plus, they get paid the best by far of the three career trajectories you've named.
You can also always move from Biglaw to midlaw or Big Four. The other direction is much more difficult. (I know someone who tried to come over to my firm from the Big Four, with a general tax background, but our tax group wasn't hiring and she didn't have the qualifications to join any other practice group. She ended up at a boutique firm with a cool title and decent compensation, but just to illustrate my point.)
It depends on what the firm / practice focus is, and broadly whether you fall more on the EC vs. EB side of things.Anonymous User wrote: ↑Sat Dec 28, 2024 5:29 pmAside from ERISA, what kinds of issues are handled by EC/EB lawyers?