Quote:
Originally Posted by Unregistered
ya lor talk cock. anything less sure kena kicked out long ago by other partners for slacking
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The equity spread for big law firms is very wide. The top partners with the most equity points make a lot more than the junior EPs. plus junior EPs need to make upfront contribution to buy in.
So even if they're billing a good $2M annually, they may be taking home less than an EP in a small firm in the initial years.
In smaller firms, EPs have more leverage to nego greater profit sharing proportion.