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Partner Compensation
At Thompson Burton, we have always placed a tremendous premium on transparency since the day we started. It’s one of the many reasons for our growth throughout the years: partners trust us because we never hide in the fine print. We have been very open about our compensation plan, which is uncharacteristic in the legal profession. Standard law firms prefer to keep compensation terms vague and unintelligible. We’re unapologetically not standard.
Following is a calculator that provides a close estimate of the compensation that’s possible with our firm. These numbers do not account for expenses that might land on a partner’s income statement i.e. a salary for dedicated support, client expenses, etc.
Following is a calculator that provides a close estimate of the compensation that’s possible with our firm. These numbers do not account for expenses that might land on a partner’s income statement i.e. a salary for dedicated support, client expenses, etc.
01
Primary Income
This is when you both originate and service the same matter (Origination + Working Attorney; 20% + 50%. The percentages change as originations exceed $500,000)
02
Referral-Based Income
This is when you originate a matter and pass off to another attorney in the firm (Origination; 20% of the fee)
03
Working Attorney Only
This is when you service a matter originated by someone else inside the firm (Working Attorney; 50% of the fee).