Posted Jun 01, 2007 07:50 pm CDT
The pay gap is widening for partners in American Lawyer’s top 100 and second 100 law firms.
Average pay for all partners rose 10.7 percent in top 100 firms and 3.8 percent in second 100 firms, according to an article published today in American Lawyer.
Profits per equity partner averaged $1.21 million at Am Law 100 firms, a 13.4 percent increase, and $624,000 at Am Law 200 firms, a 6 percent increase.
Placement on the lists is determined by gross revenues.
Looking only at revenue per lawyer, some specialty firms in the second 100 ranked in the top 10 percent. They include McKee Nelson (No. 7); Fragomen, Del Rey, Bernsen & Loewy (No. 11); Irell & Manella (No. 12); and Munger, Tolles & Olson (No. 16).
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