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Study finds sharp rise partner pay at US firms

A major survey of law firm partners in the US has revealed a significant rise in compensation in the past two years.

According to the 2016 Partner Compensation Survey, average partner compensation spiked to $877,000, up 22% since a similar survey was conducted in 2014.
 
This Survey was sponsored and developed by Major, Lindsey & Africa in association with ALM Legal Intelligence and is based on responses from more than 2,100 partners from Am Law 200-, NLJ 350- and Global 100-size firms in the US.
 
The study also revealed a dramatic increase in median compensation, up 21% from $475,000 in 2014 to $575,000 in 2016.

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