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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]
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
Firm name Largest U.S. Office [2] Total number of lawyers (2022) [2] Number of associates (2022) [2] Number of partners (2018) [2] Total revenue (millions, in 2018) [3] Notes 1 Baker McKenzie: Chicago: 4795 2865 1518 $2,900 2 DLA Piper: New York City: 4028 2492 1317 $2,634 3 Norton Rose Fulbright: New York City: 3084 1928 1087 $1,958 4 Latham ...
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.
The firm was founded in 1965 by Herbert Wachtell and Jerry Kern, who were shortly afterwards joined by Martin Lipton, Leonard Rosen, and George Katz. [4] The four named partners met at New York University School of Law where they were editors on the New York University Law Review together. [5]
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 $215,000. [32]
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]