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In-house $550k Deputy GC vs. v30 non-equity partner $900k
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Date: May 22nd, 2018 9:41 PM Author: very tactful trailer park 34, 2 kids, wife works and makes $400k. (http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36108394) |
Date: May 22nd, 2018 9:45 PM Author: Brindle clown philosopher-king Deputy GC and not even close. (http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36108437) |
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Date: May 23rd, 2018 3:19 PM Author: concupiscible frozen factory reset button (http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36113123) |
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Date: May 23rd, 2018 6:25 PM Author: Glittery insecure hominid tanning salon (http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36114388) |
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Date: May 22nd, 2018 9:54 PM Author: Stirring Kitchen Your kids will be happy to pay the difference to have you in their lives
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Date: May 22nd, 2018 9:55 PM Author: Brindle clown philosopher-king 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) |
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Date: May 23rd, 2018 8:24 AM Author: very tactful trailer park jfc what (http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36110436) |
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Date: May 23rd, 2018 8:24 AM Author: Trip tattoo principal's office (http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36110441) |
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Date: May 23rd, 2018 9:56 AM Author: Laughsome french cruise ship gaming laptop (http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36110799) |
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Date: May 24th, 2018 10:18 AM Author: very tactful trailer park (http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36117978) |
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Date: May 30th, 2018 2:15 PM Author: Pungent Messiness (http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36152536) |
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Date: May 23rd, 2018 10:06 AM Author: bearded parlour 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) |
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Date: May 23rd, 2018 3:51 PM Author: Stirring Kitchen 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) |
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Date: May 22nd, 2018 9:56 PM Author: Iridescent whorehouse Lmfao (http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36108516) |
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Date: May 23rd, 2018 8:25 AM Author: cream hall foreskin hours per week estimate? (http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36110446) |
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Date: May 23rd, 2018 9:30 AM Author: very tactful trailer park 50 and 70 (http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36110676) |
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Date: May 23rd, 2018 9:42 AM Author: cream hall foreskin 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) |
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Date: May 23rd, 2018 4:17 PM Author: Laughsome french cruise ship gaming laptop 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) |
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Date: May 23rd, 2018 9:50 AM Author: Laughsome french cruise ship gaming laptop 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) |
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Date: May 23rd, 2018 10:14 AM Author: rambunctious bisexual step-uncle's house gay wizard (http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36110882) |
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Date: May 23rd, 2018 10:18 AM Author: cream hall foreskin (http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36110916) |
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Date: May 23rd, 2018 9:57 AM Author: Trip tattoo principal's office youre insane to not take the 50 (http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36110807) |
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Date: June 2nd, 2018 8:12 AM Author: sapphire fighting orchestra pit lol is this srs?
i wouldn't do 70 hours a week for 1MM for more than one year |
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Date: May 23rd, 2018 8:27 AM Author: heady brunch love of her life 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) |
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Date: May 23rd, 2018 9:30 AM Author: very tactful trailer park "Non-equity" you know how the false one tier systems work (http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36110674) |
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Date: May 23rd, 2018 8:31 AM Author: autistic deer antler V30, easily (http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36110487) |
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Date: May 23rd, 2018 9:48 AM Author: dark passionate rigor piazza 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) |
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Date: May 23rd, 2018 9:49 AM Author: Laughsome french cruise ship gaming laptop DGC without blinking. (http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36110760) |
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Date: May 23rd, 2018 9:50 AM Author: Irate garrison friendly grandma v30 without blinking (http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36110770) |
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Date: May 23rd, 2018 9:51 AM Author: Beady-eyed round eye pull the trigger (http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36110777) |
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Date: May 23rd, 2018 9:55 AM Author: Laughsome french cruise ship gaming laptop A DGC gig with that pay is basically the dream. (http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36110794) |
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Date: May 23rd, 2018 9:57 AM Author: Irate garrison friendly grandma 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) |
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Date: May 23rd, 2018 9:58 AM Author: Trip tattoo principal's office 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) |
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Date: May 23rd, 2018 10:01 AM Author: very tactful trailer park 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) |
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Date: May 23rd, 2018 10:02 AM Author: dark passionate rigor piazza 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) |
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Date: May 23rd, 2018 10:04 AM Author: Laughsome french cruise ship gaming laptop 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) |
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Date: May 23rd, 2018 10:10 AM Author: dark passionate rigor piazza 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) |
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Date: May 23rd, 2018 10:30 AM Author: Laughsome french cruise ship gaming laptop Without a doubt. (http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36111011) |
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Date: May 23rd, 2018 3:16 PM Author: very tactful trailer park (http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36113085) |
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Date: May 23rd, 2018 6:27 PM Author: Glittery insecure hominid tanning salon Cr (http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36114401) |
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Date: May 23rd, 2018 9:24 PM Author: Lascivious wrinkle Agreed. Not even close. (http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36115336) |
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Date: May 23rd, 2018 10:13 AM Author: Beady-eyed round eye 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) |
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Date: May 23rd, 2018 10:14 AM Author: bearded parlour we all know CSLG, dude (http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36110886) |
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Date: May 23rd, 2018 10:15 AM Author: Trip tattoo principal's office (http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36110894) |
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Date: May 23rd, 2018 10:16 AM Author: Beady-eyed round eye 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) |
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Date: May 23rd, 2018 9:05 PM Author: very tactful trailer park (http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36115228) |
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Date: May 23rd, 2018 10:31 AM Author: cyan vengeful box office roast beef 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) |
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Date: May 23rd, 2018 10:33 AM Author: very tactful trailer park 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) |
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Date: May 23rd, 2018 10:58 AM Author: cyan vengeful box office roast beef 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. |
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Date: May 23rd, 2018 3:18 PM Author: very tactful trailer park 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 |
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Date: May 23rd, 2018 5:24 PM Author: Green high-end regret 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. |
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Date: May 23rd, 2018 6:52 PM Author: cyan vengeful box office roast beef 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. |
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Date: May 23rd, 2018 7:19 PM Author: very tactful trailer park 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) |
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Date: May 25th, 2018 11:10 AM Author: very tactful trailer park (http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36125490) |
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Date: June 2nd, 2018 8:10 AM Author: very tactful trailer park (http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36170211) |
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Date: July 13th, 2018 1:13 PM Author: very tactful trailer park (http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36419198) |
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Date: May 23rd, 2018 3:16 PM Author: Vermilion Goal In Life Ceo obviously the deputy GC. lol at working past 5 (http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36113089) |
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Date: May 23rd, 2018 4:10 PM Author: Doobsian indian lodge haunted graveyard Lol (http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36113492) |
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Date: May 23rd, 2018 4:14 PM Author: Stubborn thirsty parlor incel (http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36113515) |
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Date: May 23rd, 2018 4:13 PM Author: Misunderstood multi-billionaire 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. |
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Date: May 23rd, 2018 4:21 PM Author: azure territorial hissy fit 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: Misunderstood multi-billionaire partnership's taxes?
non-equity. |
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Date: May 23rd, 2018 4:25 PM Author: azure territorial hissy fit 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: Iridescent whorehouse 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: Chrome Crackhouse Pervert 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: azure territorial hissy fit How much business would you be required to generate in the non-equity role?
What size is the company? F200/etc. |
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Date: May 23rd, 2018 5:37 PM Author: very tactful trailer park Oh would manage large institutional clients. Company is F100 |
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Date: May 23rd, 2018 5:51 PM Author: Exhilarant Stage Depressive 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. |
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Date: May 23rd, 2018 5:54 PM Author: Misunderstood multi-billionaire 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: Exhilarant Stage Depressive 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: Misunderstood multi-billionaire 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. |
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Date: May 23rd, 2018 6:34 PM Author: Iridescent whorehouse 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: Misunderstood multi-billionaire 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: bearded parlour 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: azure territorial hissy fit 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: Laughsome french cruise ship gaming laptop 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: spectacular dilemma corn cake 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: Free-loading cumskin 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 |
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Date: May 25th, 2018 10:20 PM Author: Laughsome french cruise ship gaming laptop 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: very tactful trailer park (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: Pungent Messiness (http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36152544) |