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Becoming Partner in a law firm?

  • 12-06-2018 8:13pm
    #1
    Civil Eng
    Registered Users, Registered Users 2 Posts: 65 ✭✭


    Hello all,

    Anyone know anything about becoming a partner in a legal firm - salaried or equity partner?

    How would it be different to being a regular employee? What are the pros and cons?

    Any info much appreciated.


Comments

  • #2
    whomitconcerns
    Registered Users, Registered Users 2 Posts: 4,396 ✭✭✭whomitconcerns


    Are you currently a solicitor? A partner had equity in the business, they will have put their own money in. But generally they would invite someone to become a partner. I would imagine you couldn't just waltz in from the outside. But I suppose if you had enough money....


  • #3
    Mr. Incognito
    Registered Users, Registered Users 2 Posts: 9,798 ✭✭✭Mr. Incognito


    Depends if its equity or salaried- Can vary greatly.


  • #4
    Civil Eng
    Registered Users, Registered Users 2 Posts: 65 ✭✭Civil Eng


    Mr. Incognito wrote: »
    Depends if its equity or salaried- Can vary greatly.

    Do tell?


  • #5
    4ensic15
    Banned (with Prison Access) Posts: 4,691 ✭✭✭4ensic15


    A salaried partner is not really a partner at all. It is just a job description to justify higher fees.


  • #6
    Civil Eng
    Registered Users, Registered Users 2 Posts: 65 ✭✭Civil Eng


    4ensic15 wrote: »
    A salaried partner is not really a partner at all. It is just a job description to justify higher fees.

    Ok, thanks. What about an equity partner?


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  • #7
    4ensic15
    Banned (with Prison Access) Posts: 4,691 ✭✭✭4ensic15


    Civil Eng wrote: »
    Ok, thanks. What about an equity partner?

    What about an equity partner?


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