If an associate clocks 2,200 hours at 250 per hour that is 550,000.00 in earnings for the firm of which he is paid 145,000.00. Now if you add extras bonuses, allowances, DC plans or health, is this associate not a drain in the firm?
A closer example is just load out a single figure for it all such as 70,000.00 and leave story.
My point is this: you have to understand what your boss is tracking as she makes payments raises. For your own peace of mind, so you know if you are dead weight or you are being screwed.
Speaking with Managing Partners, their niceness and humaneness never ceases to contrast with the dragon tales one hears on the grapevine, so you wonder is there some Dr Jekyll and Mr Hyde going on here?
Not really, just that most of us work with a flexible morality when it comes time to advance or protect our interests ergo your boss wants to get the most out of the producing asset i.e. the associate.
Now, about that million: no doubt about it the salary won't cut it. You gotta become a star and attempt to solve the problems your boss is responsible for.
You may fail or suck at it but you show mainly to yourself that you are willing to put in the effort to create your own equity.
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