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K&E equity partner here answering your questions
Poast new message in this thread
Date: November 18th, 2024 11:30 AM Author: ImanageBat (http://www.autoadmit.com/thread.php?thread_id=5636248&forum_id=2\u0026mark_id=5310880",#48351887) |
Date: November 18th, 2024 11:50 AM Author: Fuck XII Do you have P.C. after you're name? (http://www.autoadmit.com/thread.php?thread_id=5636248&forum_id=2\u0026mark_id=5310880",#48351950) |
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Date: November 18th, 2024 11:53 AM Author: ImanageBat Yes (http://www.autoadmit.com/thread.php?thread_id=5636248&forum_id=2\u0026mark_id=5310880",#48351964) |
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Date: November 18th, 2024 11:54 AM Author: crotch goblins how long have u been equity? how long were you nonequity?
what is your comp?
book size?
is K&E as cutthroat as it appears to be? |
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Date: November 18th, 2024 12:06 PM Author: ImanageBat Comp - see below img
Book - portable book is around ~30 million. Non-portable another 30.
K&E does a good job rewarding people who produce. I don't think it's as cutthroat as it should be though because a lot of non-producing equity partners hang on for a very long time. |
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Date: November 18th, 2024 12:09 PM Author: crotch goblins you make a fuckload, but if your portable book is really 30m, how are you not making at least $5m?
how did you build your book? i have a tiny pink $1.1m book, but i'm not interested in grinding. mad respect to you for having this giant book tho. |
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Date: November 18th, 2024 12:14 PM Author: ImanageBat Good question - I'm pretty sure I'm underpaid and will push for a bigger share allocation or will test the lateral market.
My clients are PE so they spend a lot of $$ in general on legal services. |
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Date: November 18th, 2024 12:15 PM Author: AOC TEAM SIX i think PE is what has caused the legal market to go crazy.
all my PE clients spend ungodly amounts on legal because they are fucking retarded, greedy, and dont care about it because "its an adjustment" |
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Date: November 18th, 2024 12:30 PM Author: Misanthropic Provocative Gay Wizard I worry it's going to set things up to crash. (http://www.autoadmit.com/thread.php?thread_id=5636248&forum_id=2\u0026mark_id=5310880",#48352161) |
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Date: November 18th, 2024 12:33 PM Author: AOC TEAM SIX it hopefully does. its not beneficial to society at all. its just rent seeking (http://www.autoadmit.com/thread.php?thread_id=5636248&forum_id=2\u0026mark_id=5310880",#48352175) |
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Date: November 18th, 2024 12:36 PM Author: Misanthropic Provocative Gay Wizard I say "worry" in the sense that, like other things PE has fucked over, it will have taken an industry that was relatively normal / productive for UMC/LUC bros, reasonable growth rate, good place to have a "career," gone ahead and supercharged it, and then left it a rotting husk when everything implodes. I'm not sad about the PE partner no longer getting $20m a year but I'm worried about it imploding biglaw more generally. PE fucks so many things both directly and indirectly. (http://www.autoadmit.com/thread.php?thread_id=5636248&forum_id=2\u0026mark_id=5310880",#48352187) |
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Date: November 18th, 2024 12:37 PM Author: AOC TEAM SIX oh no bill rates will go down to $500/hr for associates. how horrible (http://www.autoadmit.com/thread.php?thread_id=5636248&forum_id=2\u0026mark_id=5310880",#48352193) |
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Date: November 18th, 2024 12:39 PM Author: Misanthropic Provocative Gay Wizard That's not what would happen. Many of these firms when it becomes unsustainable will just die. It's hard to "go back." Maybe that's a net good thing for society who knows but it doesn't change my point that it'll be another example of PE fucking things over. (http://www.autoadmit.com/thread.php?thread_id=5636248&forum_id=2\u0026mark_id=5310880",#48352199) |
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Date: November 18th, 2024 12:41 PM Author: AOC TEAM SIX we need to go back. PE just sucking and wasting money and killing things isnt making america better (even though the stock market is so high wow things must be good!) (http://www.autoadmit.com/thread.php?thread_id=5636248&forum_id=2\u0026mark_id=5310880",#48352213) |
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Date: November 18th, 2024 12:44 PM Author: Misanthropic Provocative Gay Wizard We're in a wolf by the ears situation now. Hard to unwind. I personally wish we were in the chill days when $1,000 / hour was for the big billers only, equity partner comp. was spread pretty uniformly and your superstars were making, my God, a few million!, less lateral movement and more loyalty, the field was seen more as a profession and less as an extension of PE's ballsac and kinda a pyramid scheme. (http://www.autoadmit.com/thread.php?thread_id=5636248&forum_id=2\u0026mark_id=5310880",#48352228) |
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Date: November 18th, 2024 12:48 PM Author: AOC TEAM SIX we could have unwound it in 2022, but Biden and the Joos didnt want any excuse to lose power in 2024. So we (the Fed) spent a few trillon to prop things up and bail out PE and other financial institutions.
yay. but fuck regular americans. why they so poor!? |
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Date: November 18th, 2024 12:51 PM Author: Misanthropic Provocative Gay Wizard Bro, to be fair, this has been happening since ITE -- the start of this era was the loose monetary policy of the Fed starting in 2008. Bush, Obama, Trump, and Biden have all contributed to it, almost as if PE elite statists have both parties by the nuts. (http://www.autoadmit.com/thread.php?thread_id=5636248&forum_id=2\u0026mark_id=5310880",#48352261) |
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Date: November 18th, 2024 12:57 PM Author: AOC TEAM SIX almost as if.... there was 1 party for the elites.. (http://www.autoadmit.com/thread.php?thread_id=5636248&forum_id=2\u0026mark_id=5310880",#48352283) |
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Date: November 18th, 2024 12:16 PM Author: crotch goblins i was at a lower ranked firm (baker hostetler) and worked with a guy with a book around $10-15m (labor guy, so book is cyclical). i think (not 100% sure but this was the rumor) he made around $3.5m
you should poke around. have you been at K&E your whole career? |
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Date: November 18th, 2024 12:17 PM Author: ImanageBat Yup KE lifer (http://www.autoadmit.com/thread.php?thread_id=5636248&forum_id=2\u0026mark_id=5310880",#48352089) |
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Date: November 18th, 2024 12:18 PM Author: Swashbuckling Yarmulke-laden Shitlib ISO Poontang how many years non-equity? how much did you have to produce to transition to equity? (http://www.autoadmit.com/thread.php?thread_id=5636248&forum_id=2\u0026mark_id=5310880",#48352096) |
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Date: November 18th, 2024 12:19 PM Author: crotch goblins you really should talk to a headhunter. you should be making like $10m, maybe even a bit more, if you have a stable $30m that will come with you. plus, maybe part of the other $30m would move. you'd be surprised. i left baker as a service partner with no business and rolled out with around a million. i expected nothing. (http://www.autoadmit.com/thread.php?thread_id=5636248&forum_id=2\u0026mark_id=5310880",#48352099) |
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Date: November 18th, 2024 12:21 PM Author: Misanthropic Provocative Gay Wizard Right. Say he manages to move 50% of the "portable" book and 25% of the "non-portable" book. He's walking in the door with over $20m in book. Getting $3m a year on that is ludicrous. Though totally unsurprising given KE's rep. (http://www.autoadmit.com/thread.php?thread_id=5636248&forum_id=2\u0026mark_id=5310880",#48352113) |
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Date: November 18th, 2024 12:23 PM Author: crotch goblins i would have thought the opposite - K&E is a sweatshop and it's hard to make equity, but i figured if you had a book you did really well.
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Date: November 18th, 2024 12:25 PM Author: Misanthropic Provocative Gay Wizard My impression of KE is it's a sort of shitty place all the way through. I've heard it's like, though not quite as bad as, a place like Quinn in the sense of the real money is controlled by a relatively small handful of partners who have their way with most of the equity tier. So yeah, I believe this bro's story that they brought him in at what sounds like a little above base equity comp to keep his gigantic book with the firm while generally fucking his ass. (http://www.autoadmit.com/thread.php?thread_id=5636248&forum_id=2\u0026mark_id=5310880",#48352132) |
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Date: November 18th, 2024 1:33 PM Author: ImanageBat Books get discounted here because there are so many people with massive books that what I have is seen as just OK.
It also takes years to climb the share count ladder as a home grown equity partner because you start off at the beginning share count and the adjustments only happen every couple of years and you can't go up all that much per cycle. |
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Date: November 18th, 2024 12:17 PM Author: Misanthropic Provocative Gay Wizard Bro if you truly have a $30m portable book and are making (I surmise) about $3m per year you're getting fucked in the ass. (http://www.autoadmit.com/thread.php?thread_id=5636248&forum_id=2\u0026mark_id=5310880",#48352087) |
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Date: November 18th, 2024 1:35 PM Author: ImanageBat It's a bit more than 3 but point taken. I am thinking of talking to some recruiters to see what's out there. (http://www.autoadmit.com/thread.php?thread_id=5636248&forum_id=2\u0026mark_id=5310880",#48352436) |
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Date: November 18th, 2024 1:36 PM Author: Misanthropic Provocative Gay Wizard I really would. I sense you could easily double your comp if you went to the right place in the market and set yourself up for long-term growth. (http://www.autoadmit.com/thread.php?thread_id=5636248&forum_id=2\u0026mark_id=5310880",#48352442) |
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Date: November 18th, 2024 12:41 PM Author: ..,..;;...,,,,,...,..;;....,,,,;;;; is the spread still between 15-80 shares? (http://www.autoadmit.com/thread.php?thread_id=5636248&forum_id=2\u0026mark_id=5310880",#48352215) |
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Date: November 18th, 2024 11:54 AM Author: Wang Hernandez How many hours did you bill before making equity partner and now (http://www.autoadmit.com/thread.php?thread_id=5636248&forum_id=2\u0026mark_id=5310880",#48351969) |
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Date: November 18th, 2024 12:06 PM Author: ImanageBat I averaged 2000 hours a year. I bill around 1600 now but I spend a lot more time on biz dev, training, admin stuff, etc. (http://www.autoadmit.com/thread.php?thread_id=5636248&forum_id=2\u0026mark_id=5310880",#48352010) |
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Date: November 18th, 2024 11:58 AM Author: ImanageBat https://ibb.co/swFGJ46
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Date: November 18th, 2024 12:44 PM Author: AOC TEAM SIX if real, someone could email them that you are here and its clear who you are with your matching payroll info. fyi (http://www.autoadmit.com/thread.php?thread_id=5636248&forum_id=2\u0026mark_id=5310880",#48352230) |
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Date: November 18th, 2024 12:45 PM Author: (-_(-_(-_(-_-)_-)_-)_-) Lol so what? (http://www.autoadmit.com/thread.php?thread_id=5636248&forum_id=2\u0026mark_id=5310880",#48352235) |
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Date: November 18th, 2024 12:47 PM Author: Misanthropic Provocative Gay Wizard I'm lol'ing thinking of the combo of some insane unhinged KE associate e-mailing payroll asking to match-up a screenshot of an equity partner's pay with the actuals. Relax bro. (http://www.autoadmit.com/thread.php?thread_id=5636248&forum_id=2\u0026mark_id=5310880",#48352240) |
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Date: November 18th, 2024 12:57 PM Author: AOC TEAM SIX why do they have to work at KE?
hell, i could do it, but i wont |
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Date: November 18th, 2024 1:07 PM Author: Misanthropic Provocative Gay Wizard I'm just not seeing this going the way you think it could. A V10 firm payroll department isn't going to corroborate a screenshot sent in by spaceporn regarding an equity partner's pay lmfao (http://www.autoadmit.com/thread.php?thread_id=5636248&forum_id=2\u0026mark_id=5310880",#48352321) |
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Date: November 18th, 2024 1:36 PM Author: ImanageBat I would hope nobody would do that. I'm just here taking Qs and giving answers and haven't offended anyone. (http://www.autoadmit.com/thread.php?thread_id=5636248&forum_id=2\u0026mark_id=5310880",#48352439) |
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Date: November 18th, 2024 1:37 PM Author: Misanthropic Provocative Gay Wizard Don't listen to him he's being insane. Thanks for contributing. (http://www.autoadmit.com/thread.php?thread_id=5636248&forum_id=2\u0026mark_id=5310880",#48352444) |
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Date: November 18th, 2024 12:07 PM Author: AOC TEAM SIX describe your family (http://www.autoadmit.com/thread.php?thread_id=5636248&forum_id=2\u0026mark_id=5310880",#48352016) |
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Date: November 18th, 2024 12:09 PM Author: ImanageBat photogenic and happy. organic wife and two kids. (http://www.autoadmit.com/thread.php?thread_id=5636248&forum_id=2\u0026mark_id=5310880",#48352031) |
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Date: November 18th, 2024 12:10 PM Author: AOC TEAM SIX wtf is an organic wife (http://www.autoadmit.com/thread.php?thread_id=5636248&forum_id=2\u0026mark_id=5310880",#48352048) |
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Date: November 18th, 2024 12:17 PM Author: crotch goblins not an app slut, and he met her irl (http://www.autoadmit.com/thread.php?thread_id=5636248&forum_id=2\u0026mark_id=5310880",#48352086) |
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Date: November 18th, 2024 12:09 PM Author: Gregor How and why are you so confident you have portable business? You really cultivated your own clients or they worked with K&E before you were there? I find portable business claims at top firms dubious. Many are institutional clients who would be conflicted at the handful of other top firms they’d be willing to try (http://www.autoadmit.com/thread.php?thread_id=5636248&forum_id=2\u0026mark_id=5310880",#48352032) |
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Date: November 18th, 2024 12:15 PM Author: ImanageBat I cultivated them from scratch. A few were given to me but I've been their primary lawyer for 5-10 years now and they wouldn't know what to do without me. (http://www.autoadmit.com/thread.php?thread_id=5636248&forum_id=2\u0026mark_id=5310880",#48352074) |
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Date: November 18th, 2024 12:15 PM Author: Misanthropic Provocative Gay Wizard What's the inside scoop about how people *actually* get equity? Impression from the outside is you have to suck off Ballis or Calder or one of the other ~10 people on the management committee. How much cum did you take in your mouth before you made it?
What's the morale of the fake partners? Do they know everyone in the legal industry realizes they're just senior associates with no runway and a limited lifespan?
TYIA |
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Date: November 18th, 2024 12:17 PM Author: ImanageBat I'm really good at my job and I already had a solid book for a non-equity partner by the time I was up for shares. If KE didn't give me equity, another firm would, and KE knew that. (http://www.autoadmit.com/thread.php?thread_id=5636248&forum_id=2\u0026mark_id=5310880",#48352085) |
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Date: November 18th, 2024 12:18 PM Author: Misanthropic Provocative Gay Wizard Thank. See my second question re fake partners. (http://www.autoadmit.com/thread.php?thread_id=5636248&forum_id=2\u0026mark_id=5310880",#48352098) |
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Date: November 18th, 2024 12:18 PM Author: .;:..;:;.:.;.,,,.,.:,.;;,;;;..;, What do you do with all that money? (http://www.autoadmit.com/thread.php?thread_id=5636248&forum_id=2\u0026mark_id=5310880",#48352092) |
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Date: November 18th, 2024 12:19 PM Author: crotch goblins pretty much wherever we want (http://www.autoadmit.com/thread.php?thread_id=5636248&forum_id=2\u0026mark_id=5310880",#48352102) |
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Date: November 18th, 2024 12:21 PM Author: disco fries (his own flesh as well as all space was still a cage) Do you think I should apply to Kirkland & Ellis? Could I make it in PE? (http://www.autoadmit.com/thread.php?thread_id=5636248&forum_id=2\u0026mark_id=5310880",#48352114) |
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Date: November 18th, 2024 12:23 PM Author: crotch goblins yea they might bring u in as partner (http://www.autoadmit.com/thread.php?thread_id=5636248&forum_id=2\u0026mark_id=5310880",#48352127) |
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Date: November 18th, 2024 12:28 PM Author: Misanthropic Provocative Gay Wizard No "might" about it, he's in. (http://www.autoadmit.com/thread.php?thread_id=5636248&forum_id=2\u0026mark_id=5310880",#48352152) |
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Date: November 18th, 2024 12:22 PM Author: As far as they will go but even farther (🧐) explain to non-lawyers why u make so much money (http://www.autoadmit.com/thread.php?thread_id=5636248&forum_id=2\u0026mark_id=5310880",#48352116) |
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Date: November 18th, 2024 12:22 PM Author: Misanthropic Provocative Gay Wizard He brings in tens of millions in revenue for his firm every year. (http://www.autoadmit.com/thread.php?thread_id=5636248&forum_id=2\u0026mark_id=5310880",#48352120) |
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Date: November 18th, 2024 12:31 PM Author: fury and intensity of a straight up murderer (gunneratttt) (http://www.autoadmit.com/thread.php?thread_id=5636248&forum_id=2\u0026mark_id=5310880",#48352170) |
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Date: November 18th, 2024 12:31 PM Author: AOC TEAM SIX he talks to people with money and they agree to use his employees to do work for them. as the middle man, he is worth many millions of dollars for connecting the client to the workers (http://www.autoadmit.com/thread.php?thread_id=5636248&forum_id=2\u0026mark_id=5310880",#48352167) |
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Date: November 18th, 2024 12:36 PM Author: As far as they will go but even farther (🧐) ty (http://www.autoadmit.com/thread.php?thread_id=5636248&forum_id=2\u0026mark_id=5310880",#48352192) |
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Date: November 18th, 2024 12:42 PM Author: fury and intensity of a straight up murderer (gunneratttt) this isn't how it works for most partners with a book op's size. he's probably working a ton. especially at k&e.
lawyers receive a pretty large portion of the pie of the money they themselves generate. even at the associate level. |
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Date: November 18th, 2024 1:38 PM Author: ImanageBat I'm very involved in the matters for my best clients. My bottom tier of clients I farm out more the work and day to day responsibility to non-equity partners, although even for those I try to stay on top of what's going on at a high level. (http://www.autoadmit.com/thread.php?thread_id=5636248&forum_id=2\u0026mark_id=5310880",#48352458) |
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Date: November 18th, 2024 2:51 PM Author: fury and intensity of a straight up murderer (gunneratttt) right.
professional services don't work like most capitalist enterprises. a partner usually can't scale his business like a factory. because your service isn't as fungible. that's why lawyers, doctors, etc. usually can capture a bigger piece of what the generate for the enterprise than other businesses.
some exceptions to this like everything. |
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Date: November 18th, 2024 12:25 PM Author: dicksucking fag Your biweekly pay is more than the annual income of most Americans lol
As for a Q: What CC do you use and what's your annual spend and what do you use the points on? |
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Date: November 18th, 2024 1:40 PM Author: ImanageBat I have a chase sapphire reserve and an amex black card. I mostly use the chase and I spend the points on hotels. Annual CC spend is around $400k. (http://www.autoadmit.com/thread.php?thread_id=5636248&forum_id=2\u0026mark_id=5310880",#48352467) |
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Date: November 18th, 2024 1:46 PM Author: dicksucking fag That's pretty reasonable. I am jizzing my britches if I make $50k in a good month and you're 4Xing my best months every month. I think my CC spend is like $150k on my TTT Sapphire Preferred (http://www.autoadmit.com/thread.php?thread_id=5636248&forum_id=2\u0026mark_id=5310880",#48352499) |
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Date: November 18th, 2024 12:37 PM Author: lfo 50-50 I know who you are if you poasted in 2004 18000000000 (http://www.autoadmit.com/thread.php?thread_id=5636248&forum_id=2\u0026mark_id=5310880",#48352194) |
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Date: November 18th, 2024 1:40 PM Author: ImanageBat Not me - I wasn't a poaster back then (http://www.autoadmit.com/thread.php?thread_id=5636248&forum_id=2\u0026mark_id=5310880",#48352469) |
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Date: November 18th, 2024 12:39 PM Author: ..,..;;...,,,,,...,..;;....,,,,;;;; old-school former k&e bro here. are you NY?
why did kirk radke leave? did he get me too'd? |
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Date: November 18th, 2024 1:41 PM Author: ImanageBat I don't know why he left but people don't have good things to say about him to this day. I didn't know him personally. (http://www.autoadmit.com/thread.php?thread_id=5636248&forum_id=2\u0026mark_id=5310880",#48352473) |
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Date: November 18th, 2024 12:41 PM Author: Misanthropic Provocative Gay Wizard Bro had to stop answering questions because Ballis just called him and told him he's fired for revealing proprietary information on AutoAdmit. The only thing that's permitted poasting here from the firm's perspective are nude posing shots. (http://www.autoadmit.com/thread.php?thread_id=5636248&forum_id=2\u0026mark_id=5310880",#48352214) |
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Date: November 18th, 2024 1:24 PM Author: ceci n'est pas un avocat well then let's see em (http://www.autoadmit.com/thread.php?thread_id=5636248&forum_id=2\u0026mark_id=5310880",#48352398) |
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Date: November 18th, 2024 2:30 PM Author: potluck (http://www.autoadmit.com/thread.php?thread_id=5636248&forum_id=2\u0026mark_id=5310880",#48352715) |
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Date: November 18th, 2024 12:47 PM Author: (-_(-_(-_(-_-)_-)_-)_-) Do you have a number to hit before you retire? Or an age?
Thoughts on the toll biglaw partnership takes on family life? |
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Date: November 18th, 2024 1:42 PM Author: ImanageBat I plan to retire at 55. I feel bad for the older partners who stick around trying to stay relevant in the hopes that the younger partners don't claw away all their shares. I don't want to be that. (http://www.autoadmit.com/thread.php?thread_id=5636248&forum_id=2\u0026mark_id=5310880",#48352482) |
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Date: November 18th, 2024 1:21 PM Author: ''"'''"''"' Why didn't K&E represent Trump in 2020? (http://www.autoadmit.com/thread.php?thread_id=5636248&forum_id=2\u0026mark_id=5310880",#48352380) |
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Date: November 18th, 2024 1:24 PM Author: lfo Because they shipped Chris Landau out then forced Paul Clement into leaving. (http://www.autoadmit.com/thread.php?thread_id=5636248&forum_id=2\u0026mark_id=5310880",#48352395) |
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Date: November 18th, 2024 1:44 PM Author: ImanageBat Probably because he wouldn't have paid our bills! (http://www.autoadmit.com/thread.php?thread_id=5636248&forum_id=2\u0026mark_id=5310880",#48352491) |
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Date: November 18th, 2024 1:38 PM Author: .,.,...,..,.,.,:,,:,.,.,:::,....,:,..,:.:.,:.::, (http://www.autoadmit.com/thread.php?thread_id=5636248&forum_id=2\u0026mark_id=5310880",#48352457) |
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Date: November 18th, 2024 1:51 PM Author: trumpslide Congrats bro (http://www.autoadmit.com/thread.php?thread_id=5636248&forum_id=2\u0026mark_id=5310880",#48352514) |
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Date: November 18th, 2024 2:12 PM Author: female penis great thread (http://www.autoadmit.com/thread.php?thread_id=5636248&forum_id=2\u0026mark_id=5310880",#48352636) |
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Date: November 18th, 2024 2:30 PM Author: potluck (http://www.autoadmit.com/thread.php?thread_id=5636248&forum_id=2\u0026mark_id=5310880",#48352718) |
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Date: November 18th, 2024 2:40 PM Author: Gaybraham Lincoln, our only hope would you trade lives with RSF or CSLG? (http://www.autoadmit.com/thread.php?thread_id=5636248&forum_id=2\u0026mark_id=5310880",#48352761) |
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Date: November 18th, 2024 2:43 PM Author: ,,,,.....,,,,...,........,,,.....,,...,... Wow, would do anything just to be first year associate there
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Date: November 18th, 2024 2:44 PM Author: Fratty McFratterson rent or own? (http://www.autoadmit.com/thread.php?thread_id=5636248&forum_id=2\u0026mark_id=5310880",#48352781) |
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Date: November 18th, 2024 2:56 PM Author: dentons (http://www.autoadmit.com/thread.php?thread_id=5636248&forum_id=2\u0026mark_id=5310880",#48352831) |
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Date: November 18th, 2024 4:25 PM Author: potluck (http://www.autoadmit.com/thread.php?thread_id=5636248&forum_id=2\u0026mark_id=5310880",#48353144) |