re: How much do partners at Jones Walker or Phelps Dunbar make annually?

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Always pay your taxes, when you hit a lick for 750k send your accountant 32% of 250k before you pay yourself.

Taxes, booze, shiny sluts, drugs and shitty investments (lawyer buys a restaurant!!) take out a lots of careers and lives.

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This should be its own course in law school. Best advice I got in law school was from a practicing attorney teaching a construction law class on an ad hoc basis. He’d drive in from New Orleans to teach it. He said “You must have a healthy vice. Some of you will eventually make good money and I’ve seen too many people throw it away on skirts or put it up their nose. Mine is suits. Find yours and feed it and it will save you a lot of heartache down the road.”

They make a lot -- then you factor in the obscene hours, years of slaving away as an associate, constant stress to pull your weight as a partner, taxes, having to keep up with the Joneses, and they end up not making a whole lot.

The old days of making partner and skipping out at noon to go golf is pretty much gone. Those big firms will work you into an early grave

You've been here long enough to know he's jokin

This should be its own course in law school. Best advice I got in law school was from a practicing attorney teaching a construction law class on an ad hoc basis. He’d drive in from New Orleans to teach it. He said “You must have a healthy vice. Some of you will eventually make good money and I’ve seen too many people throw it away on skirts or put it up their nose. Mine is suits. Find yours and feed it and it will save you a lot of heartache down the road.”


Gordon Wilson? Smaller Metairie firm?

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Its a profession that chews people up and spits out the pieces. And it doesnt matter where you went to school, your GPA or standing. None of that shite matters.

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True. I've been doing it for 31+ years and I'm OK, more or less.

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Obviously I have no idea what the OP's scholarship situation looks like, but one of the single biggest misconceptions I see on this board is the belief that most people pay full tuition for education. It's not even close to that in many instances.

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Duke is obviously a very impressive school. Agree that most students get help at private schools. My point is that if this student got into Duke, he likely would attend LSU for next to nothing. If you know you’re going to practice in Louisiana, LSU is the smart play and not just financially. The bonds made in law school persist for years, and sometimes extend to the Bench.

they all like what they do and most of the practice is in front of the FERC.

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Always pay your taxes, when you hit a lick for 750k send your accountant 32% of 250k before you pay yourself.

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Solid advice. Though a $750 lick would require about a 45% set aside to cover federal and state tax obligations.

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I don’t know if it’s standard but our firm accounting system automatically withholds at the rate you’d pay if that particular check was your normal salary. I get bonuses based on some side work I do. I recently grossed like $8k on a bimonthly check and SO MUCH frickING MONEY WAS WITHHELD. I even made a thread on the Poli Board bitching about it Aggravating, but probably saves me some headache down the road.

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That's pretty standard for any payroll system. I get paid a monthly draw and then a commission check on the 1st and 3rd Friday of the month. It's hell on the commission check. I file married with 99 exemptions and then have a flat rate withheld from each check so it comes out in the wash on a typical year.