4 ms·

> few that make partner and rake in decent cash, which is only like average FANG entry salaries What entry level FAANG pays partner salary [1]? I need to apply

by zumu 5y ago

> few that make partner and rake in decent cash, which is only like average FANG entry salaries What entry level FAANG pays partner salary [1]? I need to apply. [1] https://www.glassdoor.com/Salary/Sidley-Austin-Partner-Attorney-Salaries-E3375_DAO.htm?filter.jobTitleExact=Partner%20(Attorney) https://www.glassdoor.com/Salary/Sidley-Austin-Partner-Attor...

google234123 5y ago
Starting salaries are 200 to 300k at the best firms. Partners make much more.
- IkmoIkmo 5y ago
  Well-paid/experienced partners, yes. Starting salary for partners is around 300k at a big four. That's true for FAANG starting salaries, too. The only difference is it takes 15 years to make partner at a big four, whereas (especially with college-age side hustle experience) you can start with a few years of experience. Oh, the other difference is you can spend a few hundred thousand to buy-in as a partner, as opposed to a 100k signing bonus at a faang. The fact senior partners make millions doesn't change the fact about starting salaries. At that point you're comparing a 25yo to a 45yo.
  - wayoutthere 5y ago
    Starting for partners is $300k at a big four but that does not include equity grants or profit sharing. It also rapidly climbs from $300k, especially if you can make it past the first 3 years. A senior partner with 10+ years as a partner can pull down $20M+ a year easily and would be a candidate for C-suite jobs basically anywhere if they decided to leave. But making it into the partnership is more about playing politics than being good, so it’s definitely not for everyone.
    - sizzle 5y ago
      How do these firms make so much money to pay these eye popping amounts?! Are these the firms that do lawsuits against companies on behalf of a wronged client, client gets peanuts and “lawyer” fees eat up the sizable chunk of amount awarded in $xx,000,000+ cases?
      - google234123 5y ago
        20m is not normal. Look here, the top law firm makes 5m profit per partner https://en.m.wikipedia.org/wiki/List_of_largest_law_firms_by_revenue https://en.m.wikipedia.org/wiki/List_of_largest_law_firms_by...
ayngg 5y ago
I should clarify, there is a pretty large split between big law and an typical career in law. Those that go into top (200) firms are starting as associates at ~190k [1] with partners making ~1mm [2] with a long tail end. However most others will follow a career trajectory starting around 60k [3], maybe less if they are public attorneys, moving towards ~150k [4] if they make partner in a smaller firm. Prospective lawyers are sold the big law dream but outside of that the career trajectory is a lot less enticing considering the upfront costs. [1] https://www.nalp.org/0521research https://www.nalp.org/0521research [2] https://www.abajournal.com/news/article/how-much-do-partners-make-the-average-at-larger-firms-tops-1m-survey-finds https://www.abajournal.com/news/article/how-much-do-partners... [3] https://www.nalp.org/salarydistrib https://www.nalp.org/salarydistrib [4] https://www.glassdoor.com/Salaries/partner-attorney-salary-SRCH_KO0,16.htm https://www.glassdoor.com/Salaries/partner-attorney-salary-S...

by zumu 5y ago

google234123 5y ago

Starting salaries are 200 to 300k at the best firms. Partners make much more.

IkmoIkmo 5y ago
Well-paid/experienced partners, yes. Starting salary for partners is around 300k at a big four. That's true for FAANG starting salaries, too. The only difference is it takes 15 years to make partner at a big four, whereas (especially with college-age side hustle experience) you can start with a few years of experience. Oh, the other difference is you can spend a few hundred thousand to buy-in as a partner, as opposed to a 100k signing bonus at a faang. The fact senior partners make millions doesn't change the fact about starting salaries. At that point you're comparing a 25yo to a 45yo.
- wayoutthere 5y ago
  Starting for partners is $300k at a big four but that does not include equity grants or profit sharing. It also rapidly climbs from $300k, especially if you can make it past the first 3 years. A senior partner with 10+ years as a partner can pull down $20M+ a year easily and would be a candidate for C-suite jobs basically anywhere if they decided to leave. But making it into the partnership is more about playing politics than being good, so it’s definitely not for everyone.
  - sizzle 5y ago
    How do these firms make so much money to pay these eye popping amounts?! Are these the firms that do lawsuits against companies on behalf of a wronged client, client gets peanuts and “lawyer” fees eat up the sizable chunk of amount awarded in $xx,000,000+ cases?
    - google234123 5y ago
      20m is not normal. Look here, the top law firm makes 5m profit per partner https://en.m.wikipedia.org/wiki/List_of_largest_law_firms_by_revenue https://en.m.wikipedia.org/wiki/List_of_largest_law_firms_by...

ayngg 5y ago

I should clarify, there is a pretty large split between big law and an typical career in law. Those that go into top (200) firms are starting as associates at ~190k [1] with partners making ~1mm [2] with a long tail end. However most others will follow a career trajectory starting around 60k [3], maybe less if they are public attorneys, moving towards ~150k [4] if they make partner in a smaller firm. Prospective lawyers are sold the big law dream but outside of that the career trajectory is a lot less enticing considering the upfront costs. [1] https://www.nalp.org/0521research https://www.nalp.org/0521research [2] https://www.abajournal.com/news/article/how-much-do-partners-make-the-average-at-larger-firms-tops-1m-survey-finds https://www.abajournal.com/news/article/how-much-do-partners... [3] https://www.nalp.org/salarydistrib https://www.nalp.org/salarydistrib [4] https://www.glassdoor.com/Salaries/partner-attorney-salary-SRCH_KO0,16.htm https://www.glassdoor.com/Salaries/partner-attorney-salary-S...