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avg. salary first year partner v10
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Date: March 7th, 2010 5:58 PM Author: coral metal parlor Subject: avg. salary first year partner v10 how much can i expect to make in 7 yrs? (http://www.autoadmit.com/thread.php?thread_id=1243891&forum_id=2#14324357) |
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Date: March 7th, 2010 6:05 PM Author: Soul-stirring Jade Library you'll get paid in the sweat and broken dreams of all the associates and lathamed associated that you and your fellow avaricious skinflint partners so callously destroy. (http://www.autoadmit.com/thread.php?thread_id=1243891&forum_id=2#14324399) |
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Date: March 7th, 2010 6:09 PM Author: coral metal parlor that sounds like $400k to me (http://www.autoadmit.com/thread.php?thread_id=1243891&forum_id=2#14324434) |
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Date: March 7th, 2010 6:10 PM Author: canary really tough guy rigor seems paltry for 10+ years of throwing your life away (http://www.autoadmit.com/thread.php?thread_id=1243891&forum_id=2#14324442) |
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Date: March 7th, 2010 6:11 PM Author: coral metal parlor dont be so dramatic...working hard is not throwing it away (http://www.autoadmit.com/thread.php?thread_id=1243891&forum_id=2#14324447) |
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Date: March 7th, 2010 6:12 PM Author: Soul-stirring Jade Library "working hard" is different from working at a v10 firm. (http://www.autoadmit.com/thread.php?thread_id=1243891&forum_id=2#14324460) |
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Date: March 7th, 2010 6:12 PM Author: canary really tough guy rigor working hard for 60-70 hr weeks and having no personal life is (http://www.autoadmit.com/thread.php?thread_id=1243891&forum_id=2#14324461) |
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Date: March 7th, 2010 8:59 PM Author: coral metal parlor 60-70 is really not that bad.
you can easily have a personal life doing 60-70 |
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Date: March 7th, 2010 9:16 PM Author: Soul-stirring Jade Library only if that 60-70 hours is concentrated during normal working hours, and is somewhat predictable. (http://www.autoadmit.com/thread.php?thread_id=1243891&forum_id=2#14326558) |
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Date: March 7th, 2010 6:12 PM Author: Soul-stirring Jade Library I'd guess it is more than that at V10 firms, which tend to have both very high PPP and relatively compressed lockstep partner compensation. (http://www.autoadmit.com/thread.php?thread_id=1243891&forum_id=2#14324459) |
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Date: March 7th, 2010 6:23 PM Author: Nudist Buck-toothed Parlour Tank Try closer to a 750 to a million (assuming you amortize the cost of the units over the entire partnership term). (http://www.autoadmit.com/thread.php?thread_id=1243891&forum_id=2#14324546) |
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Date: March 7th, 2010 9:17 PM Author: Mauve shrine How much do you need to cough up for the buy in? Why even consider that capital contribution a "cost" - you get it back when you retire/leave. (http://www.autoadmit.com/thread.php?thread_id=1243891&forum_id=2#14326564) |
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Date: March 7th, 2010 9:51 PM Author: Nudist Buck-toothed Parlour Tank I believe the typical scheme is you buy in at the previous year's unit value (actually the profit-per-unit number, which is not really a true valuation). And yes, you're right that a departing partner will have his units redeemed out by the firm (though I don't know if this is typically valued at the then-current profit-per-unit number or just the amount of the partner's capital account at that time, which would likely be far less). I included that caveat to avoid any smartass telling me that I was wrong because the first year partner has to put almost as much in for his initial units as he gets out the first year. One thing I don't have a good handle on is how much of the firm's profits are actually distributed in a given year rather than held as capital reserves or investment into the next year. |
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Date: March 7th, 2010 10:01 PM Author: Charismatic tantric volcanic crater kitty cat Probably varies a lot by firm and year to year. (http://www.autoadmit.com/thread.php?thread_id=1243891&forum_id=2#14327090) |
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Date: March 7th, 2010 6:39 PM Author: fluffy wine hairy legs that's it? pretty shitty. (http://www.autoadmit.com/thread.php?thread_id=1243891&forum_id=2#14324688) |
Date: March 7th, 2010 9:18 PM Author: iridescent mind-boggling striped hyena V10 partner = $3 million per year (http://www.autoadmit.com/thread.php?thread_id=1243891&forum_id=2#14326579) |
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Date: March 7th, 2010 10:08 PM Author: Soul-stirring Jade Library "first year partner" (http://www.autoadmit.com/thread.php?thread_id=1243891&forum_id=2#14327205) |