A few years ago, we met with a young lawyer at a mid-market litigation firm who expressed a great deal of annoyance with a story that said partners at a certain group of Am Law 200 firms made, on average, the same amount as senior associates at elite firms.
Factual? Yes. The average compensation for all partners, including equity and nonequity, is less than $400,000 at several Am Law 200 firms. And at some of the most profitable Big Law firms, especially when taking bonuses into account, some associates make more than that in a year.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]