By Sol Dolor, Australasian News
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.
Read more of this article at Austrlasian News.