Big Pay at Big Law
(Bloomberg Law) — Times may be tough at many of the nation’s largest law firms, but you wouldn’t know it from looking at partner paychecks.
Average partner compensation at America’s largest law firms is up more than 6 percent since 2010, to $681,000, according to a recent survey of more than 2,000 partners nationwide by the legal consulting firm Major, Lindsey & Africa.
But the survey found that there’s a growing disparity between the pay of equity partners and non-equity partners. Equity partner compensation rose 11 percent to $896,000, while compensation for non-equity partners stayed flat over the past two years at about $335,000.
Partners in Silicon Valley took home the most, averaging $1.2 million, with New York partners close behind at a little over $1 million. Partners in the City of Brotherly Love earned the least, averaging $478,000.
Nationwide, the gap between what men and women earn is growing. Male partners averaged $734,000 — up 8 percent since 2010 — while female partners averaged $497,000, down 3 percent.
Produced by Josh Block