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This is a list of global law firms ranked by profits per equity partner (PPEP) in 2021. [1] Firms marked with "(verein)" are structured as a Swiss association.. These are estimates and equity partners can make vastly different salaries inside the same firm.
This is a list of American law firms by profits per equity partner (PPEP, sometimes reported as profits per partner or PPP). The list details the profit per equity partner figures of the 100 largest law firms by gross revenue; there is the potential for firms with higher PPEP to not be on this list if they were not on the Global 100 by revenue.
Rank Firm Revenue (US$) Lawyers Revenue per lawyer (US$) Profit per partner (US$) [2] Country with the most lawyers; 1: Kirkland & Ellis: $6,042,000,000 3,025
Cleary Gottlieb Steen & Hamilton: New York City: 1051 654 165 $1,214 33 Davis Polk & Wardwell: New York City: 1025 735 161 $1,240 34 Foley & Lardner: Milwaukee: 1021 434 468 35 Paul, Weiss, Rifkind, Wharton & Garrison: New York City: 1008 686 168 $1,301 36 Morrison & Foerster: San Francisco: 996 550 298 37 Littler Mendelson: Miami: 986 360 472 $538
Cleary Gottlieb Steen & Hamilton LLP (known as Cleary Gottlieb), formerly Cleary, Gottlieb, Friendly & Cox and Cleary, Gottlieb, Friendly, Steen & Hamilton, is an American multinational law firm headquartered at One Liberty Plaza in New York City. Known as a white shoe law firm, Cleary employs over 1,200 lawyers worldwide. [3]
In 2016, law firm Cravath, Swaine & Moore beat the "Simpson salary scale" for the first time in nearly a decade with a 12.5% increase in associate base salary, a move that was promptly matched by Simpson Thacher and other large law firms. As of March 2, 2022, the base salary for first-year Simpson Thacher associates begins at $225,000.
With fellow associate Leo Gottlieb, Friendly began considering leaving Root, Clark to start a new firm. The two left in 1945, forming Cleary, Gottlieb, Friendly & Cox (now Cleary Gottlieb Steen & Hamilton ), [ n ] and were joined by a number of the firm's associates and partners. [ 97 ]
As an example (and not including locality adjustments), an employee at GS-12 Step 10 (base salary $98,422) being promoted to a GS-13 position would initially have his/her salary set at GS-13 Step 4 (base salary $99,028, as it is the nearest salary to GS-12 Step 10 but not lower than it), and then have his/her salary adjusted to a higher step ...