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In-house $550k Deputy GC vs. v30 non-equity partner $900k

34, 2 kids, wife works and makes $400k.
Thriller Jade Sound Barrier Indian Lodge
  05/22/18
Deputy GC and not even close.
Bright Pontificating Corner Dopamine
  05/22/18
...
Insane heady national
  05/23/18
...
frisky judgmental love of her life
  05/23/18
Your kids will be happy to pay the difference to have you in...
Wine legal warrant liquid oxygen
  05/22/18
Not necessarily. More introverted types who are well-balance...
Bright Pontificating Corner Dopamine
  05/22/18
jfc what
Thriller Jade Sound Barrier Indian Lodge
  05/23/18
...
Hideous stubborn station
  05/23/18
...
Cocky odious fanboi stage
  05/23/18
...
Thriller Jade Sound Barrier Indian Lodge
  05/24/18
...
Razzle-dazzle cobalt state new version
  05/30/18
I just can't imagine there's really that much of a lifestyle...
Aqua unhinged degenerate
  05/23/18
there isn't especially when you are being taxed to hell anyw...
Wine legal warrant liquid oxygen
  05/23/18
Lmfao
Swashbuckling alcoholic hall digit ratio
  05/22/18
hours per week estimate?
cerebral magenta rehab
  05/23/18
50 and 70
Thriller Jade Sound Barrier Indian Lodge
  05/23/18
50 and never second guess it. 900k/year is plenty. the ext...
cerebral magenta rehab
  05/23/18
The thing people don't realize is that the more you work the...
Cocky odious fanboi stage
  05/23/18
I do 50 now and have done 70 before. 50 is normal work sche...
Cocky odious fanboi stage
  05/23/18
...
Very Tactful Voyeur Lettuce
  05/23/18
...
cerebral magenta rehab
  05/23/18
youre insane to not take the 50
Hideous stubborn station
  05/23/18
lol is this srs? i wouldn't do 70 hours a week for 1MM f...
godawful flickering mother
  06/02/18
just do make almost $1m as a non-equity partner at white &am...
beady-eyed hairless church tattoo
  05/23/18
"Non-equity" you know how the false one tier syste...
Thriller Jade Sound Barrier Indian Lodge
  05/23/18
V30, easily
Khaki Low-t Sneaky Criminal
  05/23/18
Answer depends on how much longer you want to work and wheth...
Flatulent Drab Nursing Home Internal Respiration
  05/23/18
DGC without blinking.
Cocky odious fanboi stage
  05/23/18
v30 without blinking
Floppy gas station ceo
  05/23/18
pull the trigger
cordovan arousing heaven juggernaut
  05/23/18
A DGC gig with that pay is basically the dream.
Cocky odious fanboi stage
  05/23/18
and is the first candidate to get shitcanned when things hit...
Floppy gas station ceo
  05/23/18
whatever, you can easily cop another role once youre in the ...
Hideous stubborn station
  05/23/18
Will have 6 AGCs and paralegals working under DGC, large leg...
Thriller Jade Sound Barrier Indian Lodge
  05/23/18
Depends. E.g. head of litigation has a ton of job security ...
Flatulent Drab Nursing Home Internal Respiration
  05/23/18
I know several people fitting this description that have don...
Cocky odious fanboi stage
  05/23/18
On average way more job security for a 550k DGC than for a r...
Flatulent Drab Nursing Home Internal Respiration
  05/23/18
Without a doubt.
Cocky odious fanboi stage
  05/23/18
...
Thriller Jade Sound Barrier Indian Lodge
  05/23/18
Cr
frisky judgmental love of her life
  05/23/18
Agreed. Not even close.
medicated temple quadroon
  05/23/18
I know a PI attorney who rolls in the office about twice a m...
cordovan arousing heaven juggernaut
  05/23/18
we all know CSLG, dude
Aqua unhinged degenerate
  05/23/18
...
Hideous stubborn station
  05/23/18
nah CSLG is at it 24 hours a day 7 days a week. He probably ...
cordovan arousing heaven juggernaut
  05/23/18
...
Thriller Jade Sound Barrier Indian Lodge
  05/23/18
Flame thread I assume. There is a v30 that pays their non e...
Fishy Fiercely-loyal Genital Piercing
  05/23/18
Yah all the big NY based PE facing firms do this. There is n...
Thriller Jade Sound Barrier Indian Lodge
  05/23/18
I know a handful of non equity in those types of firms but n...
Fishy Fiercely-loyal Genital Piercing
  05/23/18
K&e non-equity is true fraud lies. This applies for jun...
Thriller Jade Sound Barrier Indian Lodge
  05/23/18
you are notionally equity at these places even if your comp ...
splenetic brethren pervert
  05/23/18
Well I know nothing about comp at those firms, so it that’s ...
Fishy Fiercely-loyal Genital Piercing
  05/23/18
At K&E non-equity billing 2800 hours. Holding both offer...
Thriller Jade Sound Barrier Indian Lodge
  05/23/18
...
Thriller Jade Sound Barrier Indian Lodge
  05/25/18
...
Thriller Jade Sound Barrier Indian Lodge
  06/02/18
...
Thriller Jade Sound Barrier Indian Lodge
  07/13/18
obviously the deputy GC. lol at working past 5
glittery forum
  05/23/18
Lol
Charismatic pea-brained lay
  05/23/18
...
razzmatazz principal's office organic girlfriend
  05/23/18
i haven't heard of any non-equity partners making around $1 ...
Passionate amber field
  05/23/18
Deputy GC duh. When the partnership’s taxes are accounted fo...
Sienna Curious Trailer Park
  05/23/18
partnership's taxes? non-equity.
Passionate amber field
  05/23/18
Oh I missed that. Still go DGC because you have zero job se...
Sienna Curious Trailer Park
  05/23/18
Lmao crrr calling it a grade a bitch job
Swashbuckling alcoholic hall digit ratio
  05/23/18
Wouldn't a lot of V30 firms not even pay 900k for that?
cracking fuchsia church building preventive strike
  05/23/18
How much business would you be required to generate in the n...
Sienna Curious Trailer Park
  05/23/18
Oh would manage large institutional clients. Company is F10...
Thriller Jade Sound Barrier Indian Lodge
  05/23/18
F100 all the way. The arrangement at the V30 is likely te...
provocative marketing idea
  05/23/18
not V-50 biglaw but there are plenty of firms where originat...
Passionate amber field
  05/23/18
Making over $1 million while originating $0 of business?
provocative marketing idea
  05/23/18
no that's basically impossible. But you can originate s...
Passionate amber field
  05/23/18
So all the spoils without any of th risk or obligations? Sou...
Swashbuckling alcoholic hall digit ratio
  05/23/18
you dont get to vote to protect yourself or the people on yo...
Passionate amber field
  05/23/18
how much is your vote even fucking worth in a 500 person law...
Aqua unhinged degenerate
  05/23/18
How dumb are you? None of the upside if you work a ton/bring...
Sienna Curious Trailer Park
  05/30/18
IIRC, Earl gets a portion of what he brings in.
Cocky odious fanboi stage
  06/01/18
after taxes, the extra $350K won't turn out to be very much....
milky diverse menage
  05/23/18
really depends on what the deputy GC position is like at ...
Bearded property
  05/23/18
I seriously find this hard to believe.
Cocky odious fanboi stage
  05/25/18
...
Thriller Jade Sound Barrier Indian Lodge
  05/30/18
...
Razzle-dazzle cobalt state new version
  05/30/18


Poast new message in this thread



Reply Favorite

Date: May 22nd, 2018 9:41 PM
Author: Thriller Jade Sound Barrier Indian Lodge

34, 2 kids, wife works and makes $400k.

(http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36108394)



Reply Favorite

Date: May 22nd, 2018 9:45 PM
Author: Bright Pontificating Corner Dopamine

Deputy GC and not even close.

(http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36108437)



Reply Favorite

Date: May 23rd, 2018 3:19 PM
Author: Insane heady national



(http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36113123)



Reply Favorite

Date: May 23rd, 2018 6:25 PM
Author: frisky judgmental love of her life



(http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36114388)



Reply Favorite

Date: May 22nd, 2018 9:54 PM
Author: Wine legal warrant liquid oxygen

Your kids will be happy to pay the difference to have you in their lives



(http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36108496)



Reply Favorite

Date: May 22nd, 2018 9:55 PM
Author: Bright Pontificating Corner Dopamine

Not necessarily. More introverted types who are well-balanced don't give a fuck if their father is around or not. If your kids are neurotic whiney faggots, they may need you around a lot.

(http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36108503)



Reply Favorite

Date: May 23rd, 2018 8:24 AM
Author: Thriller Jade Sound Barrier Indian Lodge

jfc what

(http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36110436)



Reply Favorite

Date: May 23rd, 2018 8:24 AM
Author: Hideous stubborn station



(http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36110441)



Reply Favorite

Date: May 23rd, 2018 9:56 AM
Author: Cocky odious fanboi stage



(http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36110799)



Reply Favorite

Date: May 24th, 2018 10:18 AM
Author: Thriller Jade Sound Barrier Indian Lodge



(http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36117978)



Reply Favorite

Date: May 30th, 2018 2:15 PM
Author: Razzle-dazzle cobalt state new version



(http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36152536)



Reply Favorite

Date: May 23rd, 2018 10:06 AM
Author: Aqua unhinged degenerate

I just can't imagine there's really that much of a lifestyle difference between $1m/year and $1.5m/year

(http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36110849)



Reply Favorite

Date: May 23rd, 2018 3:51 PM
Author: Wine legal warrant liquid oxygen

there isn't especially when you are being taxed to hell anyway

(http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36113359)



Reply Favorite

Date: May 22nd, 2018 9:56 PM
Author: Swashbuckling alcoholic hall digit ratio

Lmfao

(http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36108516)



Reply Favorite

Date: May 23rd, 2018 8:25 AM
Author: cerebral magenta rehab

hours per week estimate?

(http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36110446)



Reply Favorite

Date: May 23rd, 2018 9:30 AM
Author: Thriller Jade Sound Barrier Indian Lodge

50 and 70

(http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36110676)



Reply Favorite

Date: May 23rd, 2018 9:42 AM
Author: cerebral magenta rehab

50 and never second guess it. 900k/year is plenty. the extra 20 hours and stress for another 500 or so isn't worth it.

(http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36110726)



Reply Favorite

Date: May 23rd, 2018 4:17 PM
Author: Cocky odious fanboi stage

The thing people don't realize is that the more you work the worse every hour is because you have a certain number of hours in your week that have to go to stuff like sleeping, eating, shitting, bathing, commuting, dealing with bills/home stuff, etc. Generously, if you think of your 50 hours a week in terms of "free time" you should figure that you'll be home by 7pm and be able to generally relax until 11pm, and on weekends you'll get everything except maybe 4-5 hours. Now subtract 20 hours from that. If you take 2 hours per day during the week you still need to find another 10 hours over the weekend (in addition to the 4-5 hours you're already doing). In other words, you have killed the majority of your free time and now have almost none left. I'm not even factoring in shit like exercising, children, spouse time, etc.

(http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36113533)



Reply Favorite

Date: May 23rd, 2018 9:50 AM
Author: Cocky odious fanboi stage

I do 50 now and have done 70 before. 50 is normal work schedule + occasional emails in evenings and some weekend work. 70 means you're basically doing nothing but working.

(http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36110769)



Reply Favorite

Date: May 23rd, 2018 10:14 AM
Author: Very Tactful Voyeur Lettuce



(http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36110882)



Reply Favorite

Date: May 23rd, 2018 10:18 AM
Author: cerebral magenta rehab



(http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36110916)



Reply Favorite

Date: May 23rd, 2018 9:57 AM
Author: Hideous stubborn station

youre insane to not take the 50

(http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36110807)



Reply Favorite

Date: June 2nd, 2018 8:12 AM
Author: godawful flickering mother

lol is this srs?

i wouldn't do 70 hours a week for 1MM for more than one year

(http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36170218)



Reply Favorite

Date: May 23rd, 2018 8:27 AM
Author: beady-eyed hairless church tattoo

just do make almost $1m as a non-equity partner at white & case lol

(http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36110462)



Reply Favorite

Date: May 23rd, 2018 9:30 AM
Author: Thriller Jade Sound Barrier Indian Lodge

"Non-equity" you know how the false one tier systems work

(http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36110674)



Reply Favorite

Date: May 23rd, 2018 8:31 AM
Author: Khaki Low-t Sneaky Criminal

V30, easily

(http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36110487)



Reply Favorite

Date: May 23rd, 2018 9:48 AM
Author: Flatulent Drab Nursing Home Internal Respiration

Answer depends on how much longer you want to work and whether you want to be a GC one day. Also, relatedly, depends on how old your kids are. If your goal is to retire early then v30. If you expect to work for 10+ years and potentially either get promoted or have another job after the deputy GC job then probably the DGC job unless it’s at a shit company that won’t help your resume. The other factor is how much of a book you have at the v30 and what practice area, i.e. what are the prospects to grow the 900k to a lot more if you do plan to work for a while longer (7+ more years).

(http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36110753)



Reply Favorite

Date: May 23rd, 2018 9:49 AM
Author: Cocky odious fanboi stage

DGC without blinking.

(http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36110760)



Reply Favorite

Date: May 23rd, 2018 9:50 AM
Author: Floppy gas station ceo

v30 without blinking

(http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36110770)



Reply Favorite

Date: May 23rd, 2018 9:51 AM
Author: cordovan arousing heaven juggernaut

pull the trigger

(http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36110777)



Reply Favorite

Date: May 23rd, 2018 9:55 AM
Author: Cocky odious fanboi stage

A DGC gig with that pay is basically the dream.

(http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36110794)



Reply Favorite

Date: May 23rd, 2018 9:57 AM
Author: Floppy gas station ceo

and is the first candidate to get shitcanned when things hit a downturn or there's an acquisition. you have zero job security unless you shed the deputy off your title

(http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36110803)



Reply Favorite

Date: May 23rd, 2018 9:58 AM
Author: Hideous stubborn station

whatever, you can easily cop another role once youre in the game

(http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36110808)



Reply Favorite

Date: May 23rd, 2018 10:01 AM
Author: Thriller Jade Sound Barrier Indian Lodge

Will have 6 AGCs and paralegals working under DGC, large legal department

(http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36110822)



Reply Favorite

Date: May 23rd, 2018 10:02 AM
Author: Flatulent Drab Nursing Home Internal Respiration

Depends. E.g. head of litigation has a ton of job security at the start of a downturn. Probably also safe is the lead lawyer over ops/procurement who will have to help paper all the cost cutting measures. But if you’re the DGC who supports the head of sales and the head of sales is fired you are fucked. If you support something fluffy like CMO or are chief ethics officer, also fucked.

(http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36110826)



Reply Favorite

Date: May 23rd, 2018 10:04 AM
Author: Cocky odious fanboi stage

I know several people fitting this description that have done it for decades.

(http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36110837)



Reply Favorite

Date: May 23rd, 2018 10:10 AM
Author: Flatulent Drab Nursing Home Internal Respiration

On average way more job security for a 550k DGC than for a recently made and/or non-equity partner who does not have a substantial and portable book of business.

(http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36110868)



Reply Favorite

Date: May 23rd, 2018 10:30 AM
Author: Cocky odious fanboi stage

Without a doubt.

(http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36111011)



Reply Favorite

Date: May 23rd, 2018 3:16 PM
Author: Thriller Jade Sound Barrier Indian Lodge



(http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36113085)



Reply Favorite

Date: May 23rd, 2018 6:27 PM
Author: frisky judgmental love of her life

Cr

(http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36114401)



Reply Favorite

Date: May 23rd, 2018 9:24 PM
Author: medicated temple quadroon

Agreed. Not even close.

(http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36115336)



Reply Favorite

Date: May 23rd, 2018 10:13 AM
Author: cordovan arousing heaven juggernaut

I know a PI attorney who rolls in the office about twice a month to check his mail. Spends a couple hours a day working from home, mostly just talking on the phone and getting referrals from old LS buddies.

(http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36110880)



Reply Favorite

Date: May 23rd, 2018 10:14 AM
Author: Aqua unhinged degenerate

we all know CSLG, dude

(http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36110886)



Reply Favorite

Date: May 23rd, 2018 10:15 AM
Author: Hideous stubborn station



(http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36110894)



Reply Favorite

Date: May 23rd, 2018 10:16 AM
Author: cordovan arousing heaven juggernaut

nah CSLG is at it 24 hours a day 7 days a week. He probably makes 40-50x as much $ but fuck that.

(http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36110900)



Reply Favorite

Date: May 23rd, 2018 9:05 PM
Author: Thriller Jade Sound Barrier Indian Lodge



(http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36115228)



Reply Favorite

Date: May 23rd, 2018 10:31 AM
Author: Fishy Fiercely-loyal Genital Piercing

Flame thread I assume. There is a v30 that pays their non equity partners $900k? Which firm is this because my friends who are non equity get paid $500-600k and they should jump ship immediately.

(http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36111021)



Reply Favorite

Date: May 23rd, 2018 10:33 AM
Author: Thriller Jade Sound Barrier Indian Lodge

Yah all the big NY based PE facing firms do this. There is not a separate tier of the outside world but they do not have clients and have very little variable comp

(http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36111039)



Reply Favorite

Date: May 23rd, 2018 10:58 AM
Author: Fishy Fiercely-loyal Genital Piercing

I know a handful of non equity in those types of firms but none approaching that sort of comp. K&E pays better than most and somebody I know there makes like $650k.

Coincidentally, got contacted by a recruiter today for a senior in house position at blackstone in their hedge fund division. Not sure what kind of place you’re talking but if PE, I assume a place that’d pay $550k is blackstone or equivalent. But btwn $550k at blackstone or $900k, id prob take $900. Blackstone is more than 50 hours a week though.

Also, I think it’s a bit different standard for men and women. I wouldn’t advise a woman to take the higher paying job.

(http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36111194)



Reply Favorite

Date: May 23rd, 2018 3:18 PM
Author: Thriller Jade Sound Barrier Indian Lodge

K&e non-equity is true fraud lies.

This applies for junior partners w:o clients at clearly, Cahill, debevoise, willkie, omelveney, stb, pail weiss

(http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36113105)



Reply Favorite

Date: May 23rd, 2018 5:24 PM
Author: splenetic brethren pervert

you are notionally equity at these places even if your comp is fixed for the first 2-3 years, and you would have pretty good job security - you don't see partners at places like this leaving very often unless it's to go to K&E for a big payday. If you take the v30 partnership job you should expect your comp to rise to some extent over the next 5 years, even if you stay a service partner, and you probably have better job security as a partner at firms like this than you have as a deputy GC anywhere.

That said given your wife's income it seems like a no-brainer to take the DGC job.

(http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36113981)



Reply Favorite

Date: May 23rd, 2018 6:52 PM
Author: Fishy Fiercely-loyal Genital Piercing

Well I know nothing about comp at those firms, so it that’s the case, then negotiate for a higher in house comp. at a senior level, you’re not expected to take a 40% paycut to go in-house. If they can pay $550k, they can pay $700k.

Thread is unclear if you’re at the firm already though or you have an offer at a v30 v in house.

(http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36114544)



Reply Favorite

Date: May 23rd, 2018 7:19 PM
Author: Thriller Jade Sound Barrier Indian Lodge

At K&E non-equity billing 2800 hours. Holding both offers and need to make a decision quickly. Very nervous about wrong move closing out long term millions. This thread was flame by the way.

(http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36114672)



Reply Favorite

Date: May 25th, 2018 11:10 AM
Author: Thriller Jade Sound Barrier Indian Lodge



(http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36125490)



Reply Favorite

Date: June 2nd, 2018 8:10 AM
Author: Thriller Jade Sound Barrier Indian Lodge



(http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36170211)



Reply Favorite

Date: July 13th, 2018 1:13 PM
Author: Thriller Jade Sound Barrier Indian Lodge



(http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36419198)



Reply Favorite

Date: May 23rd, 2018 3:16 PM
Author: glittery forum

obviously the deputy GC. lol at working past 5

(http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36113089)



Reply Favorite

Date: May 23rd, 2018 4:10 PM
Author: Charismatic pea-brained lay

Lol

(http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36113492)



Reply Favorite

Date: May 23rd, 2018 4:14 PM
Author: razzmatazz principal's office organic girlfriend



(http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36113515)



Reply Favorite

Date: May 23rd, 2018 4:13 PM
Author: Passionate amber field

i haven't heard of any non-equity partners making around $1 million in biglaw - usually the biglaw firms that have these tiers treat non-equity like shit.

That said there are several non-equity partners at my firm who make over $1 million, but equity here doesn't mean much, and some people would prefer to stack cash rather than have to buy in, if all it means is trading a vote for personal liability.

(http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36113513)



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Date: May 23rd, 2018 4:21 PM
Author: Sienna Curious Trailer Park

Deputy GC duh. When the partnership’s taxes are accounted for you probably earn more as the DGC.

(http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36113561)



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Date: May 23rd, 2018 4:22 PM
Author: Passionate amber field

partnership's taxes?

non-equity.

(http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36113569)



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Date: May 23rd, 2018 4:25 PM
Author: Sienna Curious Trailer Park

Oh I missed that. Still go DGC because you have zero job security as a non-equity partner and that’s a Grade A “BITCH” job anyways. The DGC job is top 0.0000001% of in-house jobs.

(http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36113591)



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Date: May 23rd, 2018 4:29 PM
Author: Swashbuckling alcoholic hall digit ratio

Lmao crrr calling it a grade a bitch job

(http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36113641)



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Date: May 23rd, 2018 4:33 PM
Author: cracking fuchsia church building preventive strike

Wouldn't a lot of V30 firms not even pay 900k for that?

(http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36113666)



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Date: May 23rd, 2018 4:49 PM
Author: Sienna Curious Trailer Park

How much business would you be required to generate in the non-equity role?

What size is the company? F200/etc.

(http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36113789)



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Date: May 23rd, 2018 5:37 PM
Author: Thriller Jade Sound Barrier Indian Lodge

Oh would manage large institutional clients.

Company is F100

(http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36114037)



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Date: May 23rd, 2018 5:51 PM
Author: provocative marketing idea

F100 all the way.

The arrangement at the V30 is likely temporary based on how much biz they have. I don’t think any firm in the word is paying a glorified senior associate 900k for years and years on end.

(http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36114151)



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Date: May 23rd, 2018 5:54 PM
Author: Passionate amber field

not V-50 biglaw but there are plenty of firms where originating millions in business (making over $1 million) are not equity partners.

(http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36114168)



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Date: May 23rd, 2018 6:11 PM
Author: provocative marketing idea

Making over $1 million while originating $0 of business?

(http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36114296)



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Date: May 23rd, 2018 6:13 PM
Author: Passionate amber field

no that's basically impossible.

But you can originate several million in business, be compensated for it, and still be non-equity if you don't care to vote or be personally liable for finances of the firm.

(http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36114304)



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Date: May 23rd, 2018 6:34 PM
Author: Swashbuckling alcoholic hall digit ratio

So all the spoils without any of th risk or obligations? Sounds 180

(http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36114460)



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Date: May 23rd, 2018 6:40 PM
Author: Passionate amber field

you dont get to vote to protect yourself or the people on your team. not sure how much that is worth.

(http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36114485)



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Date: May 23rd, 2018 6:50 PM
Author: Aqua unhinged degenerate

how much is your vote even fucking worth in a 500 person law firm?

(http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36114534)



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Date: May 30th, 2018 2:09 PM
Author: Sienna Curious Trailer Park

How dumb are you? None of the upside if you work a ton/bring in tons of business since you are paid on salary and all of the risk since if you get fired you have no actual clients to take with you.

(http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36152503)



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Date: June 1st, 2018 12:42 PM
Author: Cocky odious fanboi stage

IIRC, Earl gets a portion of what he brings in.

(http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36165373)



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Date: May 23rd, 2018 6:54 PM
Author: milky diverse menage

after taxes, the extra $350K won't turn out to be very much. Especially considering the likely difference in hours worked.

(http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36114553)



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Date: May 23rd, 2018 9:32 PM
Author: Bearded property

really depends on what the deputy GC position is like

at my corp, our deputy GC works just as hard as a V10 partner and is under just as much stress

(http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36115379)



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Date: May 25th, 2018 10:20 PM
Author: Cocky odious fanboi stage

I seriously find this hard to believe.

(http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36129541)



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Date: May 30th, 2018 1:53 PM
Author: Thriller Jade Sound Barrier Indian Lodge



(http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36152412)



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Date: May 30th, 2018 2:17 PM
Author: Razzle-dazzle cobalt state new version



(http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36152544)