You could call it the last black box. For more than three decades, The American Lawyer has ranked profits per partner at Am Law 200 firms. Parsing and comparing those equity partner paychecks has become routine sport among law firm leaders, consultants, and recruiters. Associate compensation is put under the same microscope—salaries and bonuses appear on news sites and blogs minutes after their announcement or distribution. But compensation for nonequity partners, the fastest-growing cohort in The Am Law 200, has remained largely opaque. Until now.
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