4 ms·
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 differe
by 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 agoStarting 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 agoHow 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 ago20m 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...