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You have to understand bankers pay very less for the work, and Manan and most others undercut others as well, leaving very less on the table.
However, 15 cr is a LOT for a equity partner in India, let alone in ECM, only him and maybe one other partner across firms cross 10 cr mark in ECM.
ECM, DCM and Banking (maybe except JSA, but not sure on this) are very low billing areas.
P.S - Manan, if you reading, and agree with it, please comment with a suitable emoji! hahah :):):):)
And by banking I mean investment bankers and a long list of capital ventures.
On the end of the tunnel as we see the light we got to see the listing deals and also some listing gains if we take some share through private placement.
Ps. Keep hustling
shardul- 3235cr
haigreve - 3176cr
zia-1767cr
ajay-1346cr
AA-2245cr
MS 372728 crore
Le daal diye aur figures
https://www.youtube.com/watch?v=5kYaisrTo5Q (4:05 - 4:20)
Is it the gross revenue earned by the entire team under that partner, or what exactly?
The actual king
How can you name such a mediocre guy in this ?
When a partner bills (let's say 50 crores) it does not mean that he filled timesheets worth 50 crores.
This simply means that it is the total amount billed / received (depends on how you look at it) by his entire team. For senior partners, like many in this chat, such teams will include multiple partners, and numerous PAs, SAs and associates. If a team comprises 20 people, billing 30 - 50 crore is quite feasible, especially for non-niche practice areas.
On average, a single resource will be able to able to generate 1 to 2 crores of received / billing in a financial year based on the practice and flow of work. (This can be higher for very high performing teams). For senior resources, the number will on the lower end of the spectrum.