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Wow. Just found the spreadsheet showing every partners draw
Poast new message in this thread
Date: March 26th, 2013 8:12 PM Author: Drab Balding Sanctuary Firm is about 70 lawyers.
Founding partners made $1.4mm last year. Newest partner (02 grad) made $375k. Firm averaged $605k ppp.
Not sure what to think about this, but can't believe they have this document on the system with no lock. |
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Date: March 26th, 2013 8:14 PM Author: frisky theater stage city [size]? what's the highest associate salary? |
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Date: March 26th, 2013 8:17 PM Author: Drab Balding Sanctuary SF
No idea about salaries. There are "of counsel" and "senior counsel" that probably make more than partners because of their clients and just don't have any interest in being a partner...but not 100% sure.
I make $200k, and between origination and hours will get like a $50-70k bonus. |
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Date: May 26th, 2013 7:35 PM Author: odious corner (episode on The Practice) (http://www.autoadmit.com/thread.php?thread_id=2214585&forum_id=2#23274292) |
Date: March 26th, 2013 8:22 PM Author: Flushed cerebral useless brakes digit ratio (http://www.autoadmit.com/thread.php?thread_id=2214585&forum_id=2#22885700) |
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Date: March 26th, 2013 8:23 PM Author: Drab Balding Sanctuary well, TBF, this is a smaller firm. at the big firms they are making many multiples of this. (http://www.autoadmit.com/thread.php?thread_id=2214585&forum_id=2#22885710) |
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Date: March 26th, 2013 8:24 PM Author: Flushed cerebral useless brakes digit ratio (http://www.autoadmit.com/thread.php?thread_id=2214585&forum_id=2#22885712) |
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Date: March 26th, 2013 8:29 PM Author: Drab Balding Sanctuary no, i'm 05'.
probably will be more like $250k.
at my old firm this year I would have made like $340k if I had stayed, so it isn't as exciting. |
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Date: March 26th, 2013 8:30 PM Author: Bossy confused brethren Class of the year 500-something? You're way under paid, brej. Should also probably specialize in vampire law or Highlander law, depending on how you've managed to live for the past 1500 years. (http://www.autoadmit.com/thread.php?thread_id=2214585&forum_id=2#22885743) |
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Date: March 26th, 2013 8:33 PM Author: Drab Balding Sanctuary 2005? (http://www.autoadmit.com/thread.php?thread_id=2214585&forum_id=2#22885754) |
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Date: March 26th, 2013 8:34 PM Author: Bossy confused brethren I was just fucking with you bro, because you typed 05' instead of '05. (http://www.autoadmit.com/thread.php?thread_id=2214585&forum_id=2#22885756) |
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Date: May 26th, 2013 7:45 PM Author: Ivory skinny woman garrison (Guy who changed his poast to avoid "The Game")
(Methos) |
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Date: May 26th, 2013 7:45 PM Author: Ivory skinny woman garrison tyft (http://www.autoadmit.com/thread.php?thread_id=2214585&forum_id=2#23274366) |
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Date: March 26th, 2013 8:38 PM Author: abusive stage mad-dog skullcap 375 is a lot more than 200
you have to realize that there is some amount that's required you to get over the hump of a upper middle class lifestyle (rent/mortgage on a nice place, car, food, kids, vacations, whatever), and anything on top of that is discretionary spending. so let's say for arguments sake that amount is 100k.
200k is only 100k+ more than that (60k after taxes aka an extra 5k a month), but $375k is 150k+ after taxes (aka an extra 12k a month). +7k a month discretionary income is a lot of extra money. that's a super nice vacation every month
at $200k you still care about purchases in the several hundred dollar range at $375 you can afford to not give a shit about most expenses until they are over a few k |
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Date: March 26th, 2013 8:46 PM Author: Flushed cerebral useless brakes digit ratio (http://www.autoadmit.com/thread.php?thread_id=2214585&forum_id=2#22885827) |
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Date: March 26th, 2013 8:48 PM Author: Drab Balding Sanctuary man, this is depressing. I should just go back to my old firm. (http://www.autoadmit.com/thread.php?thread_id=2214585&forum_id=2#22885835) |
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Date: March 26th, 2013 8:55 PM Author: abusive stage mad-dog skullcap nah, money aint everything bro. if you have no loans 250k is a lot of of money. the above poaster is right in that 375k aint fuck you rich by any means, so it's mostly just buying additional shit you probably dont really need (http://www.autoadmit.com/thread.php?thread_id=2214585&forum_id=2#22885873) |
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Date: March 26th, 2013 8:57 PM Author: Drab Balding Sanctuary yeah. It is more that I'd like to save some more. Definitely don't care about buying more stuff. I have a family. (http://www.autoadmit.com/thread.php?thread_id=2214585&forum_id=2#22885881) |
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Date: March 26th, 2013 8:58 PM Author: abusive stage mad-dog skullcap what's your top line expenses/savings like now? (http://www.autoadmit.com/thread.php?thread_id=2214585&forum_id=2#22885891) |
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Date: March 26th, 2013 9:02 PM Author: Drab Balding Sanctuary with wife, like $2.5k into the 401k and $4k in after tax savings per month, plus saving the $50k bonus (so like another $30k).
if my wife didn't work we'd be losing money. |
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Date: March 26th, 2013 9:17 PM Author: abusive stage mad-dog skullcap oh you save a shitload then bro. what are you worried about (http://www.autoadmit.com/thread.php?thread_id=2214585&forum_id=2#22886059) |
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Date: March 26th, 2013 9:19 PM Author: Drab Balding Sanctuary I would save another $60k a year... (http://www.autoadmit.com/thread.php?thread_id=2214585&forum_id=2#22886077) |
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Date: March 26th, 2013 8:52 PM Author: Maroon Know-it-all Philosopher-king motherfuck yeah it's a lot more than 200 your breakdown shows it, but it doesn't demonstrate it sufficiently.
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Date: March 26th, 2013 8:57 PM Author: abusive stage mad-dog skullcap how else would you put it (http://www.autoadmit.com/thread.php?thread_id=2214585&forum_id=2#22885878) |
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Date: March 26th, 2013 9:04 PM Author: Maroon Know-it-all Philosopher-king you can live the same lifestyle and retire at 45 at 375k or at 65 at 200k with the same lifestyle after retirement |
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Date: March 26th, 2013 9:01 PM Author: Learning Disabled Chestnut Generalized Bond Incel agree with this in theory but i would argue in a really high COL area like SF, you need at least $350-400k combined to have that upper middle class lifestyle and comfortably afford your $1800-M mortgage, cars, kids, 2 vacays/year, etc. (http://www.autoadmit.com/thread.php?thread_id=2214585&forum_id=2#22885912) |
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Date: March 26th, 2013 9:08 PM Author: Big Vengeful Associate Rehab wtf can u get on an $1800 a month mortgage? a closet? (http://www.autoadmit.com/thread.php?thread_id=2214585&forum_id=2#22885976) |
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Date: March 26th, 2013 9:09 PM Author: Learning Disabled Chestnut Generalized Bond Incel lol typo, meant $800k-$1M mortgage.
for $1800/mo you can prob get a studio in the tenderloin. |
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Date: March 26th, 2013 9:19 PM Author: abusive stage mad-dog skullcap yeah 100k definitely does not apply to SF/MFH. then again a 'minimum' of 400k is pretty unreasonable too. you can be pretty happy on 250k in sf (http://www.autoadmit.com/thread.php?thread_id=2214585&forum_id=2#22886070) |
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Date: March 26th, 2013 8:48 PM Author: Buck-toothed Weed Whacker Brunch ? (http://www.autoadmit.com/thread.php?thread_id=2214585&forum_id=2#22885839) |
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Date: March 26th, 2013 8:51 PM Author: Flushed cerebral useless brakes digit ratio (http://www.autoadmit.com/thread.php?thread_id=2214585&forum_id=2#22885852) |
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Date: March 26th, 2013 8:58 PM Author: Buck-toothed Weed Whacker Brunch ? (http://www.autoadmit.com/thread.php?thread_id=2214585&forum_id=2#22885889) |
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Date: March 26th, 2013 8:40 PM Author: Soggy mental disorder preventive strike not to rain on your parade, but many doc systems have "history" lists of people who view/edit the document, so be careful breh (http://www.autoadmit.com/thread.php?thread_id=2214585&forum_id=2#22885796) |
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Date: March 26th, 2013 8:41 PM Author: Bossy confused brethren true story.
A dood I work with went out on vacation and had another associate take care of closing a deal while he was gone. closing got all fucked up, and my buddy was taking a lot of heat. he manned up and took it, but was surprised because he spent a lot of time making sure everything was perfect and ready to go. so he checks the document history of a few keys docs and sees that the other associate edited them after the closing to cover her fuck up. needless to say, shit rained down on the other associate. |
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Date: March 26th, 2013 9:01 PM Author: frisky theater stage wtf was the associate thinking when she tried to cover her fuck up? how would that have worked exactly if the closing already got fucked up? (http://www.autoadmit.com/thread.php?thread_id=2214585&forum_id=2#22885913) |
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Date: March 26th, 2013 9:02 PM Author: Bossy confused brethren she changed the documents to make it look like my buddy fucked something up on a checklist and some related docs, which in turn caused the closing to go wrong.
in reality, she fucked everything up and had she followed my buddy's docs, everything would have been fine.
she's a worthless cunt that is somehow still at the firm. I avoid her at all costs. |
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Date: March 26th, 2013 9:06 PM Author: frisky theater stage just LOL. care to explain what actually got fucked up at closing? did some bro just sign the wrong doc or something? (http://www.autoadmit.com/thread.php?thread_id=2214585&forum_id=2#22885945) |
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Date: March 26th, 2013 8:43 PM Author: Drab Balding Sanctuary yeah. not sure how I can be blamed for looking at it when it is on the system.
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Date: March 26th, 2013 8:58 PM Author: flesh racy laser beams gas station "yeah, not sure how i can get blamed for something that is objectively reasonable and not indicative of any fault on my part"
sup bro who's never worked in a large law firm? |
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Date: March 26th, 2013 9:02 PM Author: Bateful doobsian messiness pit (http://www.autoadmit.com/thread.php?thread_id=2214585&forum_id=2#22885920) |
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Date: March 26th, 2013 9:10 PM Author: Sooty floppy therapy tanning salon (http://www.autoadmit.com/thread.php?thread_id=2214585&forum_id=2#22885999) |
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Date: May 3rd, 2013 8:34 PM Author: dashing rebellious factory reset button indirect expression (http://www.autoadmit.com/thread.php?thread_id=2214585&forum_id=2#23129474) |
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Date: May 26th, 2013 7:30 PM Author: aqua set half-breed Not just law (http://www.autoadmit.com/thread.php?thread_id=2214585&forum_id=2#23274250) |
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Date: March 26th, 2013 8:55 PM Author: slimy galvanic market You should delete the document to be safe. (http://www.autoadmit.com/thread.php?thread_id=2214585&forum_id=2#22885871) |
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Date: March 26th, 2013 8:56 PM Author: abusive stage mad-dog skullcap (http://www.autoadmit.com/thread.php?thread_id=2214585&forum_id=2#22885875) |
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Date: March 26th, 2013 9:09 PM Author: Big Vengeful Associate Rehab (http://www.autoadmit.com/thread.php?thread_id=2214585&forum_id=2#22885980) |
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Date: March 26th, 2013 9:15 PM Author: 180 nursing home At the risk of sounding beta, you probably want to let someone know it's up there. I know someone who got canned for being in exactly your situation (viewing a sensitive document that someone failed to protect and then didn't say anything) (http://www.autoadmit.com/thread.php?thread_id=2214585&forum_id=2#22886038) |
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Date: May 3rd, 2013 10:45 PM Author: blue hospital Relatedly, have you ever looked at your own docs to see who has been in yours? Usually they are just looking for precedent materials, but it was kinda creepy to see all kinds of people in my shit. (http://www.autoadmit.com/thread.php?thread_id=2214585&forum_id=2#23130210) |
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Date: March 26th, 2013 8:44 PM Author: Electric medicated office french chef 250K in SF = what in Low COL ARE country? 40k-50k? (http://www.autoadmit.com/thread.php?thread_id=2214585&forum_id=2#22885812) |
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Date: March 26th, 2013 9:05 PM Author: turquoise appetizing business firm seems perfectly reasonable. what did you think it would be? (http://www.autoadmit.com/thread.php?thread_id=2214585&forum_id=2#22885937) |
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Date: March 26th, 2013 9:09 PM Author: Drab Balding Sanctuary this is what I expected. just more surprised that they have it in an unlocked document on the system. (http://www.autoadmit.com/thread.php?thread_id=2214585&forum_id=2#22885989) |
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Date: March 26th, 2013 9:12 PM Author: turquoise appetizing business firm maybe there's a secret multiplier, like 0.5, and they really only make half of that, and they just leave it there so associates stay thinking they will make more money. (http://www.autoadmit.com/thread.php?thread_id=2214585&forum_id=2#22886011) |
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Date: March 26th, 2013 9:06 PM Author: Shimmering disgusting roommate did you add yourself to the spread sheet as a partner yet? (http://www.autoadmit.com/thread.php?thread_id=2214585&forum_id=2#22885952) |
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Date: March 26th, 2013 9:09 PM Author: Drab Balding Sanctuary yes. I gave myself $800k. That is reasonable, right? (http://www.autoadmit.com/thread.php?thread_id=2214585&forum_id=2#22885983) |
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Date: March 26th, 2013 9:10 PM Author: Shimmering disgusting roommate good thinking
that way, even if someone looks at it and thinks something is wrong, they won't make a stink. |
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Date: March 26th, 2013 9:11 PM Author: Drab Balding Sanctuary it was actually $798,586. That looked more "real". (http://www.autoadmit.com/thread.php?thread_id=2214585&forum_id=2#22886004) |
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Date: March 26th, 2013 9:08 PM Author: arousing boistinker What's unreasonable about any of this (http://www.autoadmit.com/thread.php?thread_id=2214585&forum_id=2#22885968) |
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Date: March 26th, 2013 9:10 PM Author: Mentally impaired stage son of senegal Lot of spreadsheets being discovered lately. (http://www.autoadmit.com/thread.php?thread_id=2214585&forum_id=2#22885996) |