White and Case Law Partner is the 2nd Highest Paid Person in Finland
If your name is Petri Haussila, I've got news for you: you're the second highest-paid person in Finland. Sweet, congratulations!
Apparently, Mr. Haussila is the head of White & Case's capital markets practice and is in charge of the BigLaw firm's Helsinki office.
Oh, and he raked in approximately $4.9 million in taxable income last year. The only person that has him beat in Finland is another attorney, former Nokia CEO Olli-Pekka Kallasvuo, who made about $11 million.
The White & Case partner is certainly impressive.
It's especially impressive considering the fact that the average salary in Finland is approximately €3,030 a month for those working in the private sector. This translates to approximately $4,182 a month or $50,184 per year. For Finnish workers across all sectors, average earnings are around €2,971 per month or $4,100 a month (coming out to approximately $49,200 per year).
Let's compare this to the average U.S. employee. Seasonally-adjusted weekly earnings for the average American worker come in at about $758, or $39,416 per annum.
Of course, the average American salary is less than the average associate salary at White & Case. Typically, associates at BigLaw firms tend to rake in a healthy six-figure income.
But before you go off and vie for a spot at White & Case, just know that not everything is rosy at the firm. Just two years ago, a New York Times story broke that the firm was laying off around 200 attorneys. That's approximately 1 in 10 of the firm's legal pool.
So while Petri Haussila is sitting pretty on his multi-million dollar income, don't think just because you get a BigLaw job you'll be as lucky. But that doesn't mean you should get rid of your BigLaw dreams. You do need money to pay off student loans, after all.
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