Biglaw salary over time
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Poast new message in this thread
Date: May 20th, 2025 4:00 PM Author: arousing lilac ratface chad
2007 to 2015: 160k
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)
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Date: May 21st, 2025 7:15 AM Author: umber stead
i am a late GenXer (1978) and this sounds right. i made partner at a lower end biglaw firm (baker hostetler) in 2017. i made it because a big swinging dick rainmaker backed me. i apparently JUST made it. and the year after i made it, he tried to put another guy up and the firm dinged him bc he had no business.
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) |
Date: May 20th, 2025 4:03 PM Author: umber stead
poop on my penis
not flame
(http://www.autoadmit.com/thread.php?thread_id=5727948&forum_id=2).#48948230) |
Date: May 20th, 2025 5:36 PM Author: Grizzly Demanding Parlor
Most people in biglaw last 3-5 years, pay off their $300k in school debt, and leave.
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) |
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Date: May 20th, 2025 9:57 PM Author: Grizzly Demanding Parlor
There are not lots of those people. Those days are over.
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) |
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Date: May 21st, 2025 4:35 PM Author: Cerise slippery therapy lay
"I read a LinkedIn post today about an Asian American woman—a lawyer—who died by suicide in her mid-30s.
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) |
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