Leading law firms have continued to aggressively expand their salaried partner ranks over the last three years as firms move to protect partner profits in the face of tough trading conditions. The total number of salaried partners at the UK top 30 firms increased by 17.6% between the 2007 and 2009 partnership rounds, according to research conducted by Legal Week. The figure increased even more dramatically for top 10 City law firms, rising by 22.1% during the period. In contrast, equity partner numbers only increased by 2.9% across the top 30 and by 0.5% across the top 10 City firms.
May 05, 2010 at 07:04 PM
1 minute read
The original version of this story was published on Legalweek
UK top 30 firms increased salaried ranks by 17.6% during 2007-09
Leading law firms have continued to aggressively expand their salaried partner ranks over the last three years as firms move to protect partner profits in the face of tough trading conditions.
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