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A Look At The Money Jones Day Partners Really Make

Given the firm's legendary secrecy, it's nice to have some concrete numbers.

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Dana Baiocco

Listen, under the Trump administration, it’s tough out there for a liberal (or moderates with a sense of dignity). So, when there’s an unexpected upside to the reign, you’ve got to take the happiness where you can get it. No, of course it doesn’t in any way “make up” for the myriad of shitty things that are going on, but it’s nice. Like finding a shiny penny in the street in the middle of an otherwise awful day.

So it is with Donald Trump’s pick for the Consumer Product Safety Commission, Jones Day partner, Dana Baiocco. The firm is notoriously tight-lipped about compensation, calling it a “black box,” so our readers are always thirsty for more details on what goes on behind the scenes. As part of the nomination process, Baiocco has submitted a financial disclosure and now we know she reported earning $1,224,132 in partnership income. As noted by Law.com, her anticipated partnership share and JD capital account have also been valued (though we only get a range for those):

Baiocco’s financial disclosure, posted by the U.S. Office of Government Ethics, said she expects to receive $250,000 to $500,000 in anticipated partnership share. She valued her Jones Day capital account at between $250,000 to $500,000.

Partner paydays at Jones Day can vary widely, as the firm only identifies one class of partnership, equity partners, though not all of the partners participate in the firm’s profits. That nifty little bit of doublespeak makes it difficult to track exactly who makes what, though according to sources, the average JD partner makes over a million dollars a year, while the partners who are getting part of the profits are clocking in at around $2 million.

Given the firm’s legendary secrecy, it’s nice to have some concrete numbers.

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headshotKathryn Rubino is an editor at Above the Law. AtL tipsters are the best, so please connect with her. Feel free to email her with any tips, questions, or comments and follow her on Twitter (@Kathryn1).

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