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Is this number true :
1st yr partner ( Non-Equity): 80cash+( 30-50lac variable ) ( no - upper cap)
2nd yr+ ( NonEquity) : 1cr+ cash + no cap on variable + profit percentage
Consulting partners are around 1.5-3 ( depending on the tenure and how much business they get )
**so, do u mean ur CTS is 1cr+?
Dude oflate the scene is, partners in law firms are making more money than partner in Big 4s.
Is this number true :
1st yr partner ( Non-Equity): 80cash+( 30-50lac variable ) ( no - upper cap)
2nd yr+ ( NonEquity) : 1cr+ cash + no cap on variable + profit percentage
Consulting partners are around 1.5-3 ( depending on the tenure and how much business they get )
Deloitte India / KPMG India ( both tax and consulting practice )
Partner at Azb.
We start at 4.5-5l/month + upto 3 months variable.
Please stop spreading lies. Or maybe you got a raw deal. In that case, please speak to your senior partner.
how much does a Y1: Law partner make ? ( Tire 1Firm )
Y1: Partner In Big 4 makes ( 1-1.2cr CTC)+Equity
Not in the case of Big4. They consider one's merit.
This question is for all Partners who are reading
As of 11 April 2018, Khaitan’s total partnership strength was 127, including 91 equity partners, which at Rs 615 crore revenues would translate to roughly:
average revenues per partner of Rs 4.8 crores (around $685,000),
average revenues per equity partner of Rs 6.8 crores (around $970,000),
average revenues per fee-earner of Rs 1.1 crores (around $160,000).
These ratios are, of course, averages, so revenues earned by each partner and their team would vary.
Meanwhile, for equity partners, take-home profit distributions would vary year-by-year primarily on the basis of performance and amounts paid by way of retainer are primarily dependent on seniority.
Seeing from the comments posted in the present post by some "partners" it would seem that the packages they are telling as of 2023 seem to be lower than 2018 or it's depending on their team and seniority.
Either way we need more transparency by law firms in India to those their revenues .
Cam- 1.2 cr. 70 fixed. Rest variable.
Trilegal- 1.5 cr. 80 fixed. Rest variable.
Sam- 1.3 cr. 75 fixed. Rest variable.
Khaitan. 1.8 cr. 1 fixed. Rest variable.
Above are the numbers for P0/P1/P2. Anything other than this, with incoming foreign law firms isn't legit. Trust these numbers.
GMAT is still better..