Partner Pay Spread Increases for Top Law Firms Amid Partnership Model Changes

Amid unprecedented billing rate hikes and an escalation of the battle for rainmaking talent, Am Law 100 law firms again raised the stakes on partner pay last year. At the same time, the average spread among Second Hundred firms fell a bit.

8 minute read June 01, 2024 at 12:05 AM
By
Andrew Maloney
Partner Pay Spread Increases for Top Law Firms Amid Partnership Model Changes

Amid unprecedented billing rate hikes and an escalation of the battle for rainmaking talent, Am Law 100 law firms again raised the stakes on partner pay last year, increasing the average distance between their highest- and lowest-paid equity partners, according to ALM survey data on pay ratios.

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