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Big Law’s Big Paychecks: Partner Compensation, Explained (Video)

Oct. 20, 2021, 5:38 PM

It’s no secret that law firm partners in Big Law earn a lot of money, but just how much they make can vary widely. Factors that go into determining just how fat those paychecks can be include how much business the partner brings in, whether the partner is equity or non-equity, and whether the firm uses a lockstep or merit compensation model. In this video, Kent Zimmermann, a law firm management consultant for the Zeughauser Group, and Roy Strom, who reports on the business of law, explain the factors that go into partner salaries at elite law firms.

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To contact the producer on this story: Macarena Carrizosa at mcarrizosa@bloombergindustry.com

To contact the executive producer responsible for this story: Josh Block at jblock@bloombergindustry.com

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