Promote Your Attorney Profile on Law.net - Get Found / Earn More!
Gym Teacher Charged with Statutory Rape for Relationship with Student
Gym Teacher Charged with Statutory Rape for Relationship with Student
Can You Believe This Beautiful Art Was Made on a Beach?
Can You Believe This Beautiful Art Was Made on a Beach?
Supreme Court Rejects Gay Marriage Appeals
Supreme Court Rejects Gay Marriage Appeals
Life as a Bankruptcy Attorney
Life as a Bankruptcy Attorney
Legal Job Listings

Partner Pay Gap Widening

While all partners may be created equal, they sure aren’t paid equally. That should come as no surprise to anyone who has worked in a law firm, but what is surprising is just how extensive the gap in partner pay can be. New data collected by American Lawyer reveals that discrepancies in partner pay are becoming tremendous.

AM Law asked each of their top 200 ranked law firms about partner compensation spreads, and 111 of those firms responded. The data was expressed as a ratio, so that a firm with a ratio of 18 means that the highest paid partner makes a salary 18 times that of the lowest paid partners. Both equity and non-equity partners were considered when calculating the ratio.

The average ratio among law firms within AM Law’s top 100 was 10.5 with a median of 9.3. For the second hundred firms, the average was 10.5 and the median was 10.0.

Get JD Journal in Your Mail
Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!




Topping the list with the highest partner salary gap are Lowenstein Sandler and Vedder Price, both tying for first place with a multiple of 24. That means that the firm’s highest paid partner makes a whopping 24 times what the lowest partner earns. Both law firms are extremely large, and the roles that the highest and lowest paid partners play in the massive operation were not specified.

Fish & Richardson came in second place, with a ratio of 23.79, and Perkins Coie had a ratio of 23. These four law firms were the only firms on the list to have ratios higher than 21.

On the lower end of the gap spectrum is Fitzpatrick, Cella, Harper & Scinto, whose highest paid partner only makes 3.23 times the salary of its lowest paid partner. Also with ratios less than 4 are Jenner & Block and Baker Donelson, with ratios of 3.6 and 3.75 respectively.

An important note in this data is that only a little more than half of the law firms ranked in the AM Law 200 responded to the survey, meaning that several law firms may have a much higher ratio for their partners.

Partner Pay Gap Widening by

Tagged: , ,

Andrew Ostler Posted by on June 20, 2013. Filed under Home. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

 

 

Job of the Day
Senior & Mid Level Employment Defense Attorney
USA-CO-Denver

Messner Reeves LLP- an established, mid-sized firm with offices in Denver, Los Angeles, Las Vegas and New York, seeks a highly experienced, Colorado-licensed Employment Defense trial attorney to join ...

Related Posts: