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Partner Compensation, 25 Highest Per Equity Partner at New York Firms
| Rank* |
Firm |
Number Of Equity/Non-Equity Partners (1) |
Profits Per Equity Partner (2) |
Compensation Average, All Partners (3) |
| 1 |
Wachtell, Lipton, Rosen & Katz |
72/0 |
$3,165,000 |
$3,165,000 |
| 2 |
Cravath, Swaine & Moore |
79/0 |
2,135,000 |
2,135,000 |
| 3 |
Cahill Gordon & Reindel |
56/4 |
1,805,000 |
1,715,000 |
| 4 |
Davis Polk & Wardwell |
141/0 |
1,775,000 |
1,775,000 |
| 5 |
Simpson Thacher & Bartlett |
136/0 |
1,690,000 |
1,690,000 |
| 6 |
Paul, Weiss, Rifkind, Wharton & Garrison |
98/0 |
1,680,000 |
1,680,000 |
| 7 |
Sullivan & Cromwell |
139/0 |
1,670,000 |
1,670,000 |
| 8 |
Milbank, Tweed, Hadley & McCloy |
95/14 |
1,600,000 |
1,525,000 |
| 9 |
Skadden, Arps, Slate, Meagher & Flom |
316/0 |
1,565,000 |
1,565,000 |
| 10 |
Cleary, Gottlieb, Steen & Hamilton |
152/0 |
1,325,000 |
1,325,000 |
| 11 |
Willkie Farr & Gallagher |
112/0 |
1,170,000 |
1,170,000 |
| 12 |
Weil, Gotshal & Manges |
173/40 |
1,130,000 |
1,040,000 |
| 13 |
Cadwalader, Wickersham & Taft |
72/16 |
1,105,000 |
990,000 |
| 13 |
Debevoise & Plimpton |
100/0 |
1,105,000 |
1,105,000 |
| 15 |
Dewey Ballantine |
109/21 |
1,075,000 |
965,000 |
| 16 |
Chadbourne & Parke |
71/11 |
980,000 |
895,000 |
| 17 |
Proskauer Rose |
141/0 |
965,000 |
965,000 |
| 18 |
Schulte Roth & Zabel |
60/3 |
950,000 |
920,000 |
| 18 |
Shearman & Sterling |
179/38 |
950,000 |
830,000 |
| 20 |
Kaye Scholer |
112/9 |
890,000 |
855,000 |
| 21 |
Fried, Frank, Harris, Shriver & Jacobson |
130/0 |
875,000 |
875,000 |
| 22 |
White & Case |
230/55 |
865,000 |
770,000 |
| 23 |
Stroock & Stroock & Lavan |
88/0 |
785,000 |
785,000 |
| 24 |
LeBoeuf, Lamb, Greene & MacRae |
180/44 |
705,000 |
620,000 |
| 25 |
Coudert Brothers |
142/24 |
455,000 |
415,000 |
| SOURCE: The Am Law 100, published in the July 2002 issue of The American Lawyer, an affiliate of the New York Law Journal. Profit figures were for the firms' most recently completed fiscal year - most Am Law 100 firms are on a calendar fiscal year. In most instances, results are based on the accounting method used by the firms. |
| * By profits per equity partner. Firms that tied are listed alphabetically. |
| 1. Equity partners are those who receive a Schedule K-1 tax form and receive no more than half their compensation on a fixed-income basis. Non-equity partners are those who are not full participants in the firm's profits, though they may have voting rights in firm matters. For firms that put their first-year equity or lateral equity partners on fixed incomes for a short time as a transitional arrangement, and those partners are otherwise treated as equity partners, they are treated here as such. |
| 2. Numbers are rounded to the nearest $5,000. |
| 3. The average per-lawyer compensation for firms' entire partnership pools. Numbers are rounded to the nearest $5,000. |
| (New York Law Journal, January 2003) |
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