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It’s critical to the long-term viability of Big Law that partners delegate more and that firms re-balance where margin is generated; raising partner rates aggressively will help with both
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. [2] For more up-to-date information on the US firms in this list, please refer to Largest US Law Firms Ranked by Profits Per Equity Partner.
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. [1]
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
A partner in a law firm, accounting firm, consulting firm, or financial firm is a highly ranked position, traditionally indicating co-ownership of a partnership in which the partners were entitled to a share of the profits as "equity partners".
According to the California State Bar, most lawyers who block-bill their time inflate each client bill by 10-30 percent, and at the average national billing rate of $661 per hour (as of April 2012) that means that most big-firm lawyers overcharge clients anywhere from $150,000 to $400,000 each year. [3]
Philadelphia law firm partners reported average compensation of $702,000, the fourth-lowest average among 14 major cities in a new survey. Partner Pay Grew in Phila., But Not Everyone Is Satisfied ...
The rate varies by location as well as the specific area of law practiced. Typically insurance defense firms have lower hourly rates than non-insurance firms, but are compensated by having steady, regular paying work provided. Regional urban centers such as Salt Lake City will average $150 per hour for an associate's time on a basic case, but ...