2016 to 2017: 180k

2018 to 2020: 190k

2021: 205k

2022 to 2023: 215k

2024 to 2025: 225k

(http://www.autoadmit.com/thread.php?thread_id=5727948&forum_id=2)#48948216)

While they eventually had to develop/attach to a large book in the 2010s, Gen Xers in biglaw got a much easier path to partnership and got to be wizards of efficiency as juniors and mid levels as long as they could operate basic word processing software. I worked at two v10s in the 00s and both were lousy with Gen Xers in their late 30s/early 40s who never would’ve been recruited as associates by the standards the firm had in the 00s, were generally at best mediocre lawyers, and who have carved out comfy little spots as protected service partners for big swinging dick boomers. They were about the only lawyers at the firms being paid in rough proportion to their market value and productivity.

(http://www.autoadmit.com/thread.php?thread_id=5727948&forum_id=2)#48948474)

a guy 6-7 years older than me (great lawyer, but no business) got put up there as nonequity after 7 years and promoted to equity after 2 years like clockwork, even though he had zero business and has zero business today (he could have a big book but he's a chill stoner breh).

i got in just before the door closed on me. and a year after i left i tried to go back to the biglaw firm. the rainmaker pushed hard for it, but i got dinged because i didn't have more than $2 mil in business. as it turns out, i have about that much now. glad i didn't make it back though bc i'll make almost $900k at my non-biglol boutique firm if my book does that well this year, but i digress.

(http://www.autoadmit.com/thread.php?thread_id=5727948&forum_id=2)#48950155)

not flame

(http://www.autoadmit.com/thread.php?thread_id=5727948&forum_id=2)#48948230)

(http://www.autoadmit.com/thread.php?thread_id=5727948&forum_id=2)#48948508)

The *real* real estate story is how the country went from having uniform housing prices across almost all comparable metro areas nationally to a sharply divided two tier American real estate market with some metros being substantially more expensive than others. I do know for a fact you could buy a pleasant house with sea view in coastal Orange County CA for 50-70k in the 1970s and those are all starting at $1.8M now and going up.

(http://www.autoadmit.com/thread.php?thread_id=5727948&forum_id=2)#48948935)

https://imgur.com/a/Z7LqCQR

(http://www.autoadmit.com/thread.php?thread_id=5727948&forum_id=2)#48948524)

The small proportion who stay beyond year 5 will never make equity partner. Life can still be objectively “good” for them while it lasts but as long as they lack a book it is always precarious—they’re always at risk of being pushed out even with the rise of permanent nonequity positions.

Biglaw in the last 20 years has become a giant pyramid scheme, that’s it. As someone else noted above, the top 1% (I’ll be generous and say 5-10%) of biglaw is getting very, very rich. For everyone else, it’s materially worse now vs 20 years ago.

(http://www.autoadmit.com/thread.php?thread_id=5727948&forum_id=2)#48948529)

wonder why

(http://www.autoadmit.com/thread.php?thread_id=5727948&forum_id=2)#48949002)

There were more equity service partners like you're describing (maybe they were making $1m instead of $2m) 10 years ago than there are now. Firms rely on permanent non-equity / of counsel to act as service partners in that capacity. If you get equity, especially with where PPP is now and given how most firms are on some version of eat what you kill, you are expected to generate business, constantly, not just service existing clients.

Like I said there are exceptions. If you're some super skilled superstar who does long-term good work for major institutional clients, even if you don't have a book, you can sometimes grind your way into equity especially if you threaten to leave. Even then part of your promotion will be your perceived capacity in the future to generate business even as you maintain the institutional relationships. I've also seen it happen where the person is a lieutenant for a BSD rainmaker who goes to bat for them. But these are atypical situations bro. Partnerships are cheap as fuck and they do not want to pay $2m a year simply to service matters when they can get that same work done for $500k a year.

(http://www.autoadmit.com/thread.php?thread_id=5727948&forum_id=2)#48949590)

Don't have to work as much so seems chill

(http://www.autoadmit.com/thread.php?thread_id=5727948&forum_id=2)#48950143)

teach high school latin?

(http://www.autoadmit.com/thread.php?thread_id=5727948&forum_id=2)#48948849)

She had an Ivy League education, and worked at top law firms. But after less than a decade, she found herself unemployed. It sounded like she had been searching for a couple of years—for something that matched her expertise and experience. She didn’t find it.

I didn’t know her personally, but I cried. Because I see parts of her story in my own.

For anyone who's struggled after leaving a prestigious path—or was asked to leave—I want to speak to you."

(http://www.autoadmit.com/thread.php?thread_id=5727948&forum_id=2)#48951677)

If I’m ever tight on money my big law partner friends will buy me lunch (after rescheduling four times).

(http://www.autoadmit.com/thread.php?thread_id=5727948&forum_id=2)#48949608)

Supporting a family of 4 by myself right now.

(http://www.autoadmit.com/thread.php?thread_id=5727948&forum_id=2)#48949757)

most biglaw firms have a family law practice but Quinn Emanuel's is unparalleled. it's up there with Skadden's asbestos defense practice.

(http://www.autoadmit.com/thread.php?thread_id=5727948&forum_id=2)#48949000)