#partner-compensation

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#biglaw

Average BigLaw partner compensation increased 26% in 2 years, reaching this high-water mark

Compensation for BigLaw partners rose to $1.4 million, a 26% increase since 2022, marking a historic high.
High compensation growth is influenced by rising partner originations and billing rates, despite flat billable hours.
Disparities exist in compensation based on gender and ethnicity within partner structures.

The New Partner Payday Gold Standard: $20 Million

$20 million becoming common in Biglaw due to top talent retention and competition.

Average BigLaw partner compensation increased 26% in 2 years, reaching this high-water mark

Compensation for BigLaw partners rose to $1.4 million, a 26% increase since 2022, marking a historic high.
High compensation growth is influenced by rising partner originations and billing rates, despite flat billable hours.
Disparities exist in compensation based on gender and ethnicity within partner structures.

The New Partner Payday Gold Standard: $20 Million

$20 million becoming common in Biglaw due to top talent retention and competition.
morebiglaw
#legal-industry

Biglaw Partners Are Making Bank, 'Very Satisfied' With Their Pay

Law firm partners are currently enjoying high satisfaction with their compensation, averaging around $2 million annually.

Massive Partner Paydays Are The New Hotness In Biglaw

Biglaw firms pay top partners $20 million annually, leading to separation of industry leaders.

Partners In This Practice Area Are Doing Exceptionally Well

The average partner compensation increased significantly, with a notable 44.35% rise in intellectual property practice area.
Intellectual property partners now average $1.66 million in compensation, marking a dramatic increase since the last survey.

Biglaw Partners Are Making Bank, 'Very Satisfied' With Their Pay

Law firm partners are currently enjoying high satisfaction with their compensation, averaging around $2 million annually.

Massive Partner Paydays Are The New Hotness In Biglaw

Biglaw firms pay top partners $20 million annually, leading to separation of industry leaders.

Partners In This Practice Area Are Doing Exceptionally Well

The average partner compensation increased significantly, with a notable 44.35% rise in intellectual property practice area.
Intellectual property partners now average $1.66 million in compensation, marking a dramatic increase since the last survey.
morelegal-industry
#law-firms

Looking Ahead To 2025: Reining In Partners' Compensation Expectations

Managing partners may express optimism for 2025 but are approaching budgets conservatively.

Paul Weiss Goes Dark On Compensation

Paul Weiss is adopting a "black box" system for partner compensation to reduce tensions and attract top lateral partners.
The firm is also planning to increase the bonus pool for partners to accommodate spikes in profitability.

Looking Ahead To 2025: Reining In Partners' Compensation Expectations

Managing partners may express optimism for 2025 but are approaching budgets conservatively.

Paul Weiss Goes Dark On Compensation

Paul Weiss is adopting a "black box" system for partner compensation to reduce tensions and attract top lateral partners.
The firm is also planning to increase the bonus pool for partners to accommodate spikes in profitability.
morelaw-firms

31 Over-Achieving Products Reviewers Say They'll Use "Forever"

BuzzFeed's product recommendations are thoughtfully curated by editors, balancing quality and potential sample sourcing.

This Top Biglaw Firm Is Going Against The Grain On Partner Compensation And Succeeding

Covington & Burling, a successful Biglaw firm, does not use billing or origination credits for partner compensation.
The firm's compensation is based on overall contributions, including client relationships, creative work, pro bono efforts, and firm committee work.

Morning Docket: 01.16.24

Firms offering black box partner comp may not value the self-worth of senior lawyers
Judge rules that a law professor didn't meet the terms of a sanction order

Another Major Biglaw Firm Thinking About Ditching Lockstep Partner Compensation

Clifford Chance is considering changing its lockstep partner compensation model to attract top rainmakers.
The firm has previously introduced mechanisms to its 100-point lockstep, allowing for more flexibility and higher compensation for star performers.
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