I have a friend why works for a large firm in NYC. She has a BA and 10 years of experience. She bills at $1,200/hour, but usually discounts to $800. Are these numbers credible? I pay perfectly competent professionals $200 per hour and think it is a lot. But assuming it is, how much would she get paid an hour?
What kind of work does she do? Is she a partner?
I'm not surprised about the numbers - in NY some law firms get away with that for some of their partners.
hour?
How much she actually gets paid will be based on a number of criteria. If she is a partner, she could get millions, depending on the number of partners and the ratio of partners to non- partners.
If she is not a partner her income is probably much less than that
- possibly on the order of $100 per hour. But she may get bonuses at the end of the year. So it's impossible to say.
All I know is that she supervises people auditing companies. I haven't heard she is a partner, so I assume not. Could you get to be a partner at one of the major companies in 10 years?
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If she is a lawyer or accountant, then she could well be a partner after that time. In other businesses it's impossible to tell.
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