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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. [2]
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]
A 2012 survey by Major, Lindsey & Africa found that law firm partners' average annual compensation [where?] was $681,000 ($896,000 for equity partners, $335,000 for non-equity partners) and tended to go up based on number of years in the partnership: [2]
Law firm size. Median salary in 2023 for eighth-year lawyers. 100 or fewer lawyers. $213,950. 101 to 250 lawyers. $217,775. 251 to 500 lawyers. $235,000. 501 to 700 lawyers. $300,000.
According to Above the Law, first-year associates at the firm are paid a base salary of $215,000 with bonuses available yearly. [12] Summer associates are paid the same salary, although it is prorated over 10 weeks (amounting to $3,700 per week). [3] Vault ranked O'Melveny as the 4th most selective law firm in the world in 2019. [11]
Troutman Pepper Hamilton Sanders LLP, known as Troutman Pepper, is an American law firm with more than 1,200 attorneys located in 23 U.S. cities. [1] In terms of revenue, Troutman Pepper placed 47th on The American Lawyer ' s 2022 AmLaw 100 rankings of U.S. law firms, with $1,029,503,000 in gross revenue in 2021.
Latham & Watkins LLP is an American multinational law firm.Founded in 1934 in Los Angeles, California, Latham is the second-largest law firm in the world by revenue. [1] As of 2022, Latham is also one of the most profitable law firms in the world, with profits per partner exceeding US$5.7 million.
Nelson Mullins has over 1000 attorneys, policy advisors, and professionals across 33 offices serving clients in more than 100 practice areas. In 2023, the American Lawyer ranked the firm as the 68th largest law firm in the nation based on 2022 gross revenue. It is the largest law firm in South Carolina by number of lawyers. [3]