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Law Firm Partner Salary?
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Law Firm Partner Salary?

I'm getting ready to start my first year of law school at Duke next fall. I was trying to research how much the average partner at a law firm made. I can't seem to find any information on it. Can some one please help me out.


    




Charis P
The American Lawyer is a professional journal for the legal industry and every year around May it publishes a special issue that lists the average partner compensation (it's compensation not salary as equity partners are paid based on profit distributions) for the top 100 law firms. In its May 2008 issue covering 2007 the number one firm was Wachtell, boasting an average of $4,945,000 per partner while Littler Mendelson was number one hundred at $360,000 per partner.

As you can see there is a wide variance there. In addition you should be aware that the average partner compensation can vary significantly from the actual compensation for each partner. Partnership distributions are often based on complicated formulas factoring in percentage of ownership interest in the partnership, volume of work/revenue generated by the partner, and actual number of billable hours of the partner. You can probably expect to see a significant reduction in average partnership compensation for 2008 as a reflection of the current state of the economy.


ronimg
Rating
Usually the ABA puts out a list every year of the national averages based on experience and expertise. Also try business magazines.


Eat F
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