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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.
The salary of a corporate lawyer can vary widely: those employed by major international law firms ("BigLaw" firms) earn starting salaries of US$215,000 per year, which rise every year with experience (this amount excludes any additional bonus payments). [7]
How much money do lawyers actually make? What other jobs are available to law students? And is law school debt worth the headache?
Average wage in the United States was $69,392 in 2020. [1] Median income per person in the U.S. was $42,800 in 2019. [2] The average is higher than the median because there are a small number of individuals with very high earnings, and a large number of individuals with relatively low earnings. (See Income inequality in the United States.)
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
In December 2002, Nixon Peabody merged with the 150-year-old Boston firm of Hutchins, Wheeler & Dittmar, adding fifty attorneys in the areas of business, litigation, and health services. [3] As of 2008, the firm had 1,728 employees in the U.S. and two abroad. The average salary for an Associate Attorney was $178,016 and for a secretary, $67,733.
According to published data from the New York Times, the annual base salary for partner-track first year associate attorneys at top law firms in major U.S. legal markets such as New York, California, Massachusetts, the District of Columbia, and Texas can range from $160,000 to $190,000 per year—with salary varying depending on the size and reputation of the firm.
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