<p>Hate to reinstate the topic, but, here is a link showing partner salaries: [PayScale</a> - Law Firm Partner Salary, Average Salaries](<a href=“http://www.payscale.com/research/US/Job=Law_Firm_Partner/Salary]PayScale”>Law Firm Partner Salary in 2023 | PayScale)</p>
<p>Is this how much a partner at, say, Latham or White typically makes? Any typical case? So far according to that link Physicians definitely outweigh them.</p>
<p>First off, $300K is more than most doctors make.</p>
<p>Second, you’re looking for this link:
[AmLaw</a> 200 - Profits Per Partner](<a href=“http://www.law.com/special/professionals/amlaw/amlaw200/amlaw200_ppp.html]AmLaw”>http://www.law.com/special/professionals/amlaw/amlaw200/amlaw200_ppp.html)</p>
<p>^Thanks for the link. Many specialized physicians make more than 300k though, such as cardiologists, radiologists, urologists, and the like. Again though, a healthy mix of income, job stability, security, reputation, and overall satisfaction to me is what matters most. But to each his own.</p>
<p>Of course many docs make more than $300K. But most of them don’t. Similarly, many lawyers make more than $1M, even if most of them don’t. You have to compare apples to apples.</p>
<p>The repeating theme in my posts: medicine is more stable. The upper ends of law pay better. Everything in life is a tradeoff.</p>
<p>This is a few attorneys in relation to the rest who don’t even make biglaw, right?</p>
<p>Btw, a partner at Lipton had a JD from Ohio State. How did he make biglaw then?</p>
<p>1.) Biglaw hires some people from non-elite schools. Usually they’re from the top of their class, have some kind of family connection. Also, law schools didn’t used to be so hierarchical.</p>
<p>2.) Yes. The majority of lawyers are not in biglaw.</p>
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<p>Just for the record, that data chart seems to me to be from 2002, according to the copyright note at the bottom of the page. Or is this incorrect? </p>
<p>Question: Can these partners choose to work 50 hour work weeks, given that they’ve successfully endured all those years climbing up the ladder in painful drudgery?</p>
<p>It’s an old chart. Law’s gone through one boom and one bust since then. I think the numbers are probably a little higher now, but unfortunately I couldn’t find anything newer.</p>
<p>Partners probably could work 50 hours a week or so, but from what I’ve seen most of them work much more than that. Their earnings would suffer pretty substantially otherwise. (Again, this is very similar to medicine: you always could work less without getting fired, but you’d harm your own business pretty badly and I don’t know hardly anybody who does so.)</p>
<p>[The</a> Am Law 100 2010 – Profits Per Partner (PPP): Two Firms Fall Below $2 Million](<a href=“The Am Law100 2010 -- Profits Per Partner (PPP): Two Firms Fall Below $2Million | The American Lawyer”>http://www.law.com/jsp/tal/PubArticleTAL.jsp?id=1202448485135)</p>
<p>You’ve got a few of the most recent numbers here. Obviously this is a very small list.</p>
<p>While partner hours are probably higher, my impression is the composition of their work is significantly different (and much more enjoyable).</p>
<p>@bluedevilmike: Thanks for the second link, seems like you are headed to become a partner ultimately? lol. </p>
<p>@flowerhead: Partner hours are probably higher than associates?! Thence, that’s like, what, at least 80 hours a week? I mean, would there be time left to enjoy the rewards of that hefty salary? I hear that these partners also don’t get much vacation time off at all like college professors/anyone in academia does. </p>
<p>Is there a way partners can choose to take entire summers off, at the expense of $500,000 less in salary, lol? I would so take such an option.</p>
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<p>*“A specialist can earn $500,000 or more a year and work 20 hours a week…” said [Jonathan Weiner, professor of health policy and management at the Johns Hopkins Bloomberg School of Public Health in Baltimore]. *</p>
<p>[Why</a> primary care doctors are shrinking in the U.S. - Jul. 16, 2009](<a href=“http://money.cnn.com/2009/07/16/news/economy/healthcare_doctors_shortage/index.htm]Why”>http://money.cnn.com/2009/07/16/news/economy/healthcare_doctors_shortage/index.htm)</p>
<p>*More and more pediatricians are working part time, a new survey reports.</p>
<p>Almost one in four, or 23 percent, reported they were on a part-time schedule in 2006, up from 15 percent just six years earlier and 11 percent in 1993. "*</p>
<p><a href=“http://www.nytimes.com/2009/12/15/health/research/15patt.html[/url]”>http://www.nytimes.com/2009/12/15/health/research/15patt.html</a></p>
<p>The percentage of physicians in part-time practice jumped from 13% in 2005 to 19% in 2007, according to a recent survey by the American Medical Group Association. The same survey notes that young doctors between 35 and 39 make up the highest percentage of doctors working part-time.</p>
<p>[Medical</a> Checkup: More Doctors Want Part-Time Gigs | The Fordyce Letter](<a href=“http://www.fordyceletter.com/2008/04/21/medical-checkup-more-doctors-want-part-time-gigs/]Medical”>http://www.fordyceletter.com/2008/04/21/medical-checkup-more-doctors-want-part-time-gigs/)</p>
<p>In my personal experience, it’s far easier to run into law firm partners who make more than $1M than doctors making the same money by chance. </p>
<p>By the way, some of those so-called “doctors” that make big bucks running mobile labs or whatever don’t really count. They are more like small business owners and you know what they say about entrepreneurship? For every successful one, there may be a couple that failed and had trouble paying back the banks that helped the financing. The same counts for those hopsital CEOs; you don’t have to be a doctor to grab the top spot in hospital management/administration (as a matter of fact, healthcare management is one of the specialties in business school).</p>
<p>No, at this point no interest in becoming a lawyer, much less a partner. But that’s not the point.</p>
<p>The point is that there’s a tradeoff involved. Many on this board seem to insist that one profession has a higher ceiling, lower risk, shorter hours, and greater security. And it’s simply not true. It’s never true.</p>
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<p>Re sakky’s 3:
–Sorry, I should have clarified that we were talking about the same sorts of specialist physicians that baller4lyfe is constantly referring to. I do know part-time pediatricians and primary care docs.
–I have no idea what sorts of people Professor Weiner is thinking of. He must be speaking mostly of Hollywood plastic surgeons or whatnot, or perhaps he’s thinking of those who own some kind of specialty clinic. But $500,000 a year at half-time doesn’t really exist among people making money as practicing clinicians.</p>
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<p>Fair enough</p>
<p>*MATERIALS AND METHODS: A survey was mailed to 1,500 male and 1,500 female radiologists. Questions assessed part-time work and its effect on professional and family issues. The effects of education, radiology practice characteristics, organizational support, human resource practices, and family responsibilities on career and professional satisfaction were studied.</p>
<p>RESULTS: Ten and a half percent of the radiologists surveyed—7.4% of the men and 30.2% of the women—were working part-time.*</p>
<p>[Career</a> Paths in Diagnostic Radiology: Scope and Effect of Part-time Work1 ? Radiology](<a href=“http://radiology.rsna.org/content/221/2/485.abstract]Career”>http://radiology.rsna.org/content/221/2/485.abstract)</p>
<p>Overall, 85% of departments surveyed employed part-time faculty—… 72% of surgery departments.</p>
<p>[url=<a href=“Domain Registered at Safenames”>Domain Registered at Safenames]Elsevier[/url</a>]</p>
<p>BDM - I’m surprised too. Apparently there are more doctors working part-time than I had thought.</p>
<p>Haha – no, that’s my fault. I keep envisioning surgeons. I should have expected radiologists, dermatologists, etc. to have plenty of part-timers. Basically, the discrepancy is that I keep misdefining what sorts of physicians I think B4L is talking about. I assume he’s referring to specialists who are highly paid, but where going to medical school is not a gamble. Radiology and Dermatology are both very selective fields. Highly-paid, somewhat less selective fields (maybe things like surgical fields, outside of neuro and ortho) tend to be very hours-intensive.</p>
<p>I just have a question about the SA positions at big law - I read about some law school students who got screwed over by the economy and didn’t get offers after doing SA in some law firms. What happens to them? Is big law prospect over for those folks? In good economy, does getting a SA position usually lead to full time offer at big law?</p>
<p>SA positions usually lead to full time offers. Most firms strive for 100% offer rates. The overall offer rate is probably somewhere around 90-95%. But for those folks it seems that it is likely biglaw is over for them although some may get a clerkship or something through 3L OCI.</p>
<p>Over 50% of new doctors are females. Most of them go into primary care, pediatrics, family practice, gerontology etc and most go part time as soon as the first or second child arrives. The male physicians that I know who work part time are either semi-retired or have professional spouses.</p>
<p>Most non primary care physicians who work full time in and around major cities do make over $300K.</p>
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<p>A no-offer is a huge black mark to carry into 3L OCI or even competitive clerkship hiring.</p>