Even a part-timer can get by just fine at Sidley Austin. Virginia Seitz, a part-time partner in the firm's Washington office, took home almost a million dollars during the past two years.
Seitz was required to report her recent income because she's been nominated to be an assistant attorney general, heading up the U.S. Justice Department’s Office of Legal Counsel.
On a financial disclosure form, she lists 2010 firm income of $338,006 and 2009 firm income of $562,241. She reports a household net worth of $3.9 million, including a $10,529 mortgage balance as a sole debt. She and her husband own two vehicles, both Hondas.
Part-time for Seitz doesn’t fit the typical definition of the term, according to a 2007 profile in Legal Times. She was working nine-hour days, five days a week. (Her husband, Roy McLeese III, is chief of the appellate section for the U.S. Attorney’s Office for the District of Columbia.)
Sidley Austin had average profits per equity partner of $1.5 million in 2009, according to NLJ affiliate The American Lawyer. Average compensation for all partners was $1 million.