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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.
Partner compensation varies considerably. 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] 5 or fewer years: $399,001; 6–10 years: $633,001
Philadelphia law firm partners reported average compensation of $702,000, the fourth-lowest average among 14 major cities in a new survey.
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Rank Firm Revenue (US$) Lawyers Revenue per lawyer (US$) Profit per partner (US$) [2] Country with the most lawyers; 1: Kirkland & Ellis: $6,042,000,000 3,025
Morrison & Foerster said it modified its partnership compensation structure at the start of 2018, following a year of consultation with its partners.
Partner compensation under the merit system ranges from US$300,000 for some non-equity partners to US$3 million for the three most highly compensated partners. [10] The firm currently posts an abnormally high leverage ratio, with almost eight lawyers to every partner, according to its 2014-end-of-the-year numbers for full-time lawyers.