Does anyone mind telling me what a new fixed-share partner in a City law firm earns?

[AmongTheNarcissi]

Not really AIBU (although maybe a bit unreasonable to ask friends and relations...)

I am a senior associate in a mid-tier City firm. 7 years PQE, IP specialism. Currently earn £102 000. Pay for associates in my firm is generally thought to be on the low side. I am going through the partner selection process at the moment and am hopeful of being offered fixed-share partnership soon. At which point I will have to negotiate my renumeration package from what I feel is a position of weakness as I have no idea of the norm. I have no good friends who are partners yet and can't ask colleagues (or at least they can't tell me). Online salary surveys are hopelessly vague.

If anyone is able to share their experiences of salary negotiation and what a reasonable sum might be, I would be very grateful!

Of course!! Anyone can post here, I really do wish the op every success. But you are going to get varying opinions and this happens in every thread on aibu? There are always the odd snarky comment. I think the point I am making is being completely missed so I am going to bow out now.

Word, I think you are right that it all varies so much from firm to firm and depending what area of specialism you have. Labels don't really mean much. In some of the US firms, six figure salaries are the norm soon after qualification, whereas in firms that do the more bread and butter stuff, they just can't afford to remunerate people in the same way, even after many more years PQE.

I would expect a fixed share or salaried partner to be provided with basic financial information about the firm, as they are being held out to the clients as partners in the business. If it is the sort of firm which is not open in this way, demands a partner's commitment, but only pays a bit more than Associate salary, then the OP might be better to look elsewhere, if not now, then shortly after promotion.

However, it is impossible to give any firm advice without having a bit more detail. I think it is also important to weigh up things like work/life balance (ie is there one?), prospects and whether or not you actually like the people you work with.

My husband is an equity partner at a US law firm in NYC. PPP figures are widely available and discussed, and everyone seems to know how much these figures vary not just from firm to firm, but from managing partner to junior partner. Are things simply more opaque with UK firms?

Btw, well done, OP. It is such an achievement to make partner these days. The ratio of men to women partners in law firms has to be one of the most uneven ratios of any industry.

PEP (as it is known here) is completely different to what the OP is asking about.