RESEARCH
Since 2010, Major, Lindsey & Africa has been conducting a biennial survey of law firm partner compensation to gain an understanding of not only the ways law firm partners are compensated but also the differences in compensation structures.
The 10-year retrospective, fielded in conjunction with legal market intelligence and research specialists Acritas, shows that law firm partners’ compensation has increased more than 38% on average over the past decade; however, these gains have not been uniform. Equity partners saw a 40% uptick in pay over the past decade, while non-equity partner compensation has remained relatively stagnant, increasing only 10% over the same period.
Other highlights of the survey included: