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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: Dun regret haunted graveyard 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: crawly legend antidepressant drug 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: Free-loading electric tattoo (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: Painfully honest gold mood private investor (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: Titillating Pisswyrm 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: crawly legend antidepressant drug 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: Dun regret haunted graveyard 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: charcoal laughsome trust fund area (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: Autistic Plaza (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: Dun regret haunted graveyard (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: soul-stirring cuckold dragon (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: bistre famous landscape painting 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: Titillating Pisswyrm 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: Diverse fantasy-prone depressive range 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: hilarious slate lay 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: Dun regret haunted graveyard 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: hilarious slate lay 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: Autistic Plaza 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: Autistic Plaza 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: appetizing light sanctuary (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: hilarious slate lay (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: charcoal laughsome trust fund area 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: Crusty Talking Immigrant 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: motley yarmulke church 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: Dun regret haunted graveyard "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: passionate alcoholic roommate location 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: misanthropic hairy legs 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: Autistic Plaza 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: Grizzly skinny woman 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: Adventurous Sticky Reading Party 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: Autistic Plaza 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: Grizzly skinny woman 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: charcoal laughsome trust fund area 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: Dun regret haunted graveyard 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: misanthropic hairy legs 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: Autistic Plaza 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: misanthropic hairy legs 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: Autistic Plaza 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: Dun regret haunted graveyard (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: Painfully honest gold mood private investor 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: topaz cowardly old irish cottage 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: Adventurous Sticky Reading Party 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: bistre famous landscape painting 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: charcoal laughsome trust fund area (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: Adventurous Sticky Reading Party 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: Dun regret haunted graveyard (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: maize metal half-breed site 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: Dun regret haunted graveyard 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: maize metal half-breed site 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: Dun regret haunted graveyard 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: Crimson Floppy Liquid Oxygen 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: maize metal half-breed site 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: Dun regret haunted graveyard 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: Dun regret haunted graveyard (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: Dun regret haunted graveyard (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: Dun regret haunted graveyard (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: Lake Factory Reset Button Patrolman 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: multi-colored potus electric furnace 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: Stimulating crackhouse genital piercing (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: Tantric new version 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: odious chestnut menage death wish 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: Tantric new version partnership's taxes?
non-equity. |
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Date: May 23rd, 2018 4:25 PM Author: odious chestnut menage death wish 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: Diverse fantasy-prone depressive range 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: domesticated french chef 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: odious chestnut menage death wish 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: Dun regret haunted graveyard Oh would manage large institutional clients. Company is F100 |
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Date: May 23rd, 2018 5:51 PM Author: exciting drunken jap base 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: Tantric new version 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: exciting drunken jap base 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: Tantric new version 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: Diverse fantasy-prone depressive range 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: Tantric new version 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: bistre famous landscape painting 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: odious chestnut menage death wish 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: Autistic Plaza 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: Tan cracking theater stage 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: razzmatazz lemon brunch 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: Autistic Plaza 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: Dun regret haunted graveyard (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: soul-stirring cuckold dragon (http://www.autoadmit.com/thread.php?thread_id=3984139&forum_id=2#36152544) |