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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. [1]
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
Fried Frank later hired Ashurst's former managing partner, Justin Spendlove. [8] As of the fiscal year ended February 2020, the firm had a gross revenue of $776 million, up from $684.8 million the year before. Revenue per lawyer rose 8.2 percent, to $1.442 million, while its profits per partner jumped 16 percent, to $3.79 million. [9]
Troutman Pepper Hamilton Sanders LLP, known as Troutman Pepper, was an American law firm with more than 1,200 attorneys located in 23 U.S. cities, as of 2024 [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.
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. [33]
A law practice manager, sometimes described as a legal practice manager, law office manager or director of practice support, is a person with managerial responsibilities at a law firm. The duties of a law practice manager will depend upon the specific role and its purpose. [1] [2] A partner in a law firm may hold management responsibilities and ...
At the time, the combined revenue for the partners at the firm had dropped from $780,000 to $760,000 [16] and the firm's assets were over $6 million. [17] To assist Macy, the legal community created a trust fund to which former co-workers, clients and other members of the legal community donated money. [ 17 ]