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&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot;&gt;&lt;font face=&quot;Arial&quot; size=&quot;2&quot;&gt;Today, &lt;i&gt;The Legal Times&lt;/i&gt; asks &amp;#8220;Are Senior Associates Making More Than Junior Partners?&amp;#8221;&lt;/font&gt;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot;&gt;&lt;font face=&quot;Arial&quot; size=&quot;2&quot;&gt;Answer: sometimes, particularly if the firm has a nonequity partnership tier.&lt;/font&gt;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot;&gt;&lt;font face=&quot;Arial&quot; size=&quot;2&quot;&gt;Here&amp;#8217;s the math, using Arent Fox as an example:&lt;/font&gt;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot;&gt;&lt;o:p&gt;&lt;/o:p&gt;&lt;/p&gt;&lt;blockquote&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot;&gt;&lt;font face=&quot;Arial&quot; size=&quot;2&quot;&gt;&amp;#8220;[S]enior associates can earn as much as $280,000 in base salary and&amp;#8212;if they meet targets for&amp;nbsp;generating&amp;nbsp; business&amp;#8212;an additional $100,000 in bonuses. Total: $380,000. First-year nonequity partners start off with a pay rate of $310,000. But they subtract $20,000 to cover their own benefits. Their total: $290,000.&amp;#8221;&lt;/font&gt;&lt;/p&gt;&lt;/blockquote&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot;&gt;&lt;o:p&gt;&lt;/o:p&gt;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot;&gt;&lt;font face=&quot;Arial&quot; size=&quot;2&quot;&gt;So: what exactly &amp;nbsp;is the point of being a non-equity partner&amp;#8212;so you can have your name on the letterhead? Do firms even still put the&amp;nbsp;partners&#39; names on the stationery? (See bloggy discussion of this strange state of affairs here and here.)&lt;/font&gt;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot;&gt;&lt;font face=&quot;Arial&quot; size=&quot;2&quot;&gt;This really isn&amp;#8217;t an example of that perennial bugbear &amp;#8216;compression&amp;#8217;&amp;#8212;it&amp;#8217;s more like &amp;#8216;inversion.&amp;#8217; It&amp;#8217;s an extreme manifestation of the fact that, as &lt;i&gt;The Legal Times&lt;/i&gt; puts it, &amp;#8220;[T]he market determines associate salaries, but profits determine partner pay. And the two don&#39;t always match up.&amp;#8221;&lt;/font&gt;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot;&gt;&lt;font face=&quot;Arial&quot; size=&quot;2&quot;&gt;&lt;o:p&gt;&lt;/o:p&gt;&lt;/font&gt;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot;&gt;&lt;o:p&gt;&lt;/o:p&gt;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot;&gt;&lt;font face=&quot;Arial&quot; size=&quot;2&quot;&gt;I don&#39;t think it is an especially bold prediction to say that soon, all this will be seen as a temporary glitch in BigLaw&#39;s natural order.&lt;/font&gt;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot;&gt;&lt;font face=&quot;Arial&quot; size=&quot;2&quot;&gt;&lt;/font&gt;&amp;nbsp;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot;&gt;&lt;o:p&gt;&lt;/o:p&gt;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot; align=&quot;right&quot;&gt;&lt;font face=&quot;Arial&quot; size=&quot;2&quot;&gt;- posted by brian&lt;/font&gt;&lt;/p&gt;

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Math is hard

Today, The Legal Times asks “Are Senior Associates Making More Than Junior Partners? ” Answer: sometimes, particularly if the firm has a nonequity partnership tier.

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