Quote:
Originally Posted by Unregistered
Increment is minimal from year to year. You start around 3.5 - high 4 as a NQ and will increase by about 500 a year. From PQE 5-6 if you are smart you start asking for a cut of files. From then on the income is highly variable, but you can get up to 20k in a good month depending on seniority / time spent billing
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Sounds like a combination of law practice and sales. Definitely not for everyone though. I have some friends who their bosses made partners in small firms from 4pqe onwards, on fee sharing arrangements and I'm often surprised at how much they're getting each month. Yes 15k to 20k isn't uncommon. Of course it's balanced out against other months were billing is less but it can be comfortable overall
The long term prospects of such a career route is less certain though, due to increasing commoditisation of low level legal work. This would've been a far more attractive business model in the 90s which is incidentally when many of the laojiao lawyers were really raking it in. That gravy train is now past