Quote:
Originally Posted by Unregistered
Yeah I think even small time Chinatown lawyer chao chao around $15k per month after expenses. I know for a fact because my friends ~6-7PQE on profit sharing with their senior chinatown bosses can pull around that in take home, on average.
Question is whether this path is worthwhile to forego the chance of rising to EP at a larger firm? WLB should be quite good, but revenue is capped. Basically, you're like a neighbourhood GP who foregoes a chance to be a private practice specialist in Mount E or Gleneagles.
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Assuming you’re in the b4, isn’t the 6-7PQE salary range at the 10-15k ballpark? The incentive I see in going down the path (profit sharing at a small size firm) is honestly just the autonomy over your time. Basically having being the employer instead of the employee, although you technically aren’t the employer per se.
Beyond the 7PQE mark, wouldn’t it make less sense to now transfer out of your b4 position, since you’ve stuck it out there for so long already? I would think you’ll probably be on track for partnership at that point.