Comments on: Law’s high rollers: The firms turning their top lawyers into multi-millionaires https://www.legalcheek.com/2024/11/laws-high-rollers-the-firms-turning-their-top-lawyers-into-multi-millionaires/ Legal news, insider insight and careers advice Mon, 25 Nov 2024 11:56:43 +0000 hourly 1 https://wordpress.org/?v=6.8.2 By: Tom https://www.legalcheek.com/2024/11/laws-high-rollers-the-firms-turning-their-top-lawyers-into-multi-millionaires/#comment-1203102 Mon, 25 Nov 2024 11:56:43 +0000 https://www.legalcheek.com/?p=211697#comment-1203102 Which equity partnerships are lockstep, and which partnerships are points-based? The figures given are presumably averages – are they median or mean? An awful lot going on behind these numbers – some partners earning much more, and some earning much less.

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By: a&o senior lifer https://www.legalcheek.com/2024/11/laws-high-rollers-the-firms-turning-their-top-lawyers-into-multi-millionaires/#comment-1202976 Thu, 21 Nov 2024 18:23:43 +0000 https://www.legalcheek.com/?p=211697#comment-1202976 In reply to AOS Associate.

This is grossly incorrect. the first three years of partnership are in the non-equity tier and only if you meet a defined set of criteria that you become equity partner.

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By: Anon https://www.legalcheek.com/2024/11/laws-high-rollers-the-firms-turning-their-top-lawyers-into-multi-millionaires/#comment-1202936 Wed, 20 Nov 2024 23:32:54 +0000 https://www.legalcheek.com/?p=211697#comment-1202936 In reply to at one of the below.

This is taken from the “Global 100” list published by Legal Business last month. That list specifies how many equity and non-equity partners each firm has. The percentages have been rounded to the nearest 5%. Please feel free to check the calculations yourself.

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By: Anonyme https://www.legalcheek.com/2024/11/laws-high-rollers-the-firms-turning-their-top-lawyers-into-multi-millionaires/#comment-1202932 Wed, 20 Nov 2024 22:30:15 +0000 https://www.legalcheek.com/?p=211697#comment-1202932 In reply to Anon.

How do you even make this up?

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By: AOS Associate https://www.legalcheek.com/2024/11/laws-high-rollers-the-firms-turning-their-top-lawyers-into-multi-millionaires/#comment-1202931 Wed, 20 Nov 2024 20:02:18 +0000 https://www.legalcheek.com/?p=211697#comment-1202931 In reply to Anon.

A&O Shearman don’t have any non-equity partners so this list is complete BS.

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By: at one of the below https://www.legalcheek.com/2024/11/laws-high-rollers-the-firms-turning-their-top-lawyers-into-multi-millionaires/#comment-1202922 Wed, 20 Nov 2024 15:38:02 +0000 https://www.legalcheek.com/?p=211697#comment-1202922 In reply to Anon.

Its so off I don’t even know where to start; 2/10 accuracy.

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By: Anon https://www.legalcheek.com/2024/11/laws-high-rollers-the-firms-turning-their-top-lawyers-into-multi-millionaires/#comment-1202919 Wed, 20 Nov 2024 14:49:37 +0000 https://www.legalcheek.com/?p=211697#comment-1202919 In reply to Anon.

Rough percentage of partners who are non-equity:

K&L Gates – 80%
DLA – 75%
Eversheds – 75%
Greenberg – 75%
SPB – 75%
K&E – 65%
K&S – 65%
Orrick – 65%
Bakers – 60%
Sidley – 60%
BCLP – 55%
Dechert – 55%
Lovells – 55%
NRF – 55%
Reed Smith – 55%
Ashurst – 50%
Goodwin – 50%
Akin – 45%
CMS – 45%
Paul Hastings – 45%
W&C – 45%
WSGR – 45%
Fried Frank – 40%
Latham – 40%
Proskauer – 40%
Gibson – 35%
Quinn – 35%
Weil – 35%
Willkie – 35%
CC – 30%
HSF – 30%
STB – 30%
A&O – 25%
Milbank – 20%
Dentons – 10%
Linklaters – 5%
Slaughters – 5%
Debevoise – 0%
DPW – 0%
FBD – 0%
Ropes – 0%
S&C – 0%

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By: JokeyJoker https://www.legalcheek.com/2024/11/laws-high-rollers-the-firms-turning-their-top-lawyers-into-multi-millionaires/#comment-1202913 Wed, 20 Nov 2024 12:29:15 +0000 https://www.legalcheek.com/?p=211697#comment-1202913 In reply to Crumpet.

Guys there are still figuring out how to reference, unfortunately the money hasn’t arrived into the accounts yet

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By: Anon https://www.legalcheek.com/2024/11/laws-high-rollers-the-firms-turning-their-top-lawyers-into-multi-millionaires/#comment-1202911 Wed, 20 Nov 2024 12:08:18 +0000 https://www.legalcheek.com/?p=211697#comment-1202911 Be good to get a numbers/% breakdown as well given many US firms operate dual salary/equity partnerships whereas UK firms tend to be majority equity.

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By: Crumpet https://www.legalcheek.com/2024/11/laws-high-rollers-the-firms-turning-their-top-lawyers-into-multi-millionaires/#comment-1202909 Wed, 20 Nov 2024 11:42:43 +0000 https://www.legalcheek.com/?p=211697#comment-1202909 What about DWF?

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