Follow Us

Law.com Subscribers SAVE 30%

Call 855-808-4530 or email GroupSales@alm.com to receive your discount on a new subscription.

Law Firm Partners

Changing Compensation Strategies Put Partners Under Pressure

Firms Are More Willing Than Ever to Frequently Adjust Pay to Hold on to Their High Performers

The legal profession has never been more cutthroat. As the race for revenue intensifies, firms are putting more pressure on their partners to perform in a number of criteria. If they don't, it will be reflected in their compensation, title and possibly their place in the firm.

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Law firm partners have never been able to make as much money as they can now. The highest profits-per-partner on the Am Law 100 rankings in 2015 came in at $6.6 million (at Wachtell, Lipton, Rosen & Katz), while the rainmakers and leaders at a select few firms can make at least twice that. But being paid more at the top can mean less for those below, stretching the definition of “partner.”

Read These Next