New survey on partner comp in large law firms

September 19th, 2012 by Altman Weil

There’s a new survey out on partner compensation in large law firms.  Major, Lindsey & Africa and ALM Legal Intelligence, surveyed partners at Am Law 200, NLJ 350, and Global 100 firms in 2012 and received 2,228 responses.

“[Partners] saw their annual compensation rise, on average, 6.4 percent to $681,000 over the past two years. The jump was apparently driven, at least in part, by an uptick in the average rate those partners are billing, from $555 per hour in 2010 to $585 today.

The survey… shows that not all partners have benefited equally from the increase. On average, equity partners are better compensated than their non-equity counterparts, male partners make more than their female colleagues, corporate partners earn more than litigators, and partners in open compensation systems are paid better than those in closed compensation systems.

The disparity in pay among partner classes is one of the survey’s most compelling findings. Equity partners, who accounted for 62 percent of respondents, have seen their compensation increase a robust 11 percent, from $811,000 in 2010 to $896,000 this year. Conversely, the average compensation for nonequity partners stayed flat, going from $336,000 in 2010 to $335,000 this year.”

Read it at The AmLaw Daily

This entry was posted on Wednesday, September 19th, 2012 at 1:42 pm and is filed under Compensation, Surveys. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Comments are closed.