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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]
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]
Despite mounting challenges, the firms are more profitable than ever. But success is no longer a guarantee, as competition grows and firms like Sullivan & Cromwell prove lockstep pay isn’t ...
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
Despite mounting challenges, the firms are more profitable than ever. But success is no longer a guarantee, as competition grows and firms like Sullivan & Cromwell prove lockstep pay isn’t ...
He was named a partner of the firm in the Litigation Department in January 1994 [9] at a million dollars a year. [10] Conway's practice focused on litigation involving securities, mergers and acquisitions, contracts, and antitrust. [9] In 2016, Wachtell Lipton reported $5.8 million in profits per partner. [11]
Leonard M. Rosen (November 19, 1930 – April 16, 2014) was an American bankruptcy lawyer, and a co-founder of the prominent New York firm Wachtell, Lipton, Rosen & Katz. [1] Rosen received a business administration degree from the City College of New York in 1951, and a law degree from New York University School of Law in 1954. [2]