Most of us got into law because of some noble, high-minded principles of justice and promotion of the greater good…but at the end of the day, it turns out that money is still rather important. Tangential to the news addressing jobs for lawyers in the current economy is data collected by American Lawyer magazine addressing compensation for Biglaw non-equity partners.
Above the Law did a nice job summarizing the article, which essentially states that “non-equity partner” is a rather nebulous term with an enormous range of duties and commensurate salaries.
There are a half-dozen different names for this cohort—income partners, salary partners, nonshare partners, fixed-dollar partners, contract partners—and the types of lawyers that carry these titles are just as varied.
The salaries for this group ranged from $100,000 to $1.53 million—not exactly conclusive. However, if you’re one of the 90% of law school grads looking for work, even the bottom end of that range looks pretty good.
Read New Data on Non-Equity Partner Compensation at Above the Law.
(photo: Shutterstock: 58268038)