The size and profitability of a law firm significantly impact partner salary, with equity partners at top firms enjoying impressive earnings that range anywhere from $3–$10 million—or for star partners, sometimes even more.
So, how much do these partners really make? Of course, as we've explained, it can vary, but we're going to give you some hard numbers below. The average across all partners will land right around $650k – $850k each year.
BTI Consulting again dubbed Quinn Emanuel the world's “most feared” law firm – one that “top legal decision makers do not want to see on the other side.” This is Quinn Emanuel's 10th time on BTI's annual “Fearsome Foursome” list, a select group of the most-feared firms.
The 2024 salary survey Firm1st year salary2nd year salary Herbert Smith Freehills $225,000 $235,000 Hogan Lovells US $225,000 $235,000 Holland & Knight $225,000 $235,000 Holwell Shuster $225,000 $235,00092 more rows
In 2024, the highest paying law firms in India offer starting salaries ranging from ₹15-18 LPA for fresh graduates, with senior lawyers and partners earning up to ₹1 crore annually.
The term was coined by legal reporters in the 1990s and is generally considered to include the following five law firms: A&O Shearman, Clifford Chance, Freshfields, Linklaters, and Slaughter and May. Clifford Chance is headquartered in Canary Wharf.
How much do partners at big law firms make? Thanks to a recent survey by the renowned legal search firm Major, Lindsey & Africa, we have a pretty clear idea of how much equity partners at big law firms make. The average compensation for equity partners is $1.39 million per year.
These firms are 'ceiling smashers' for having highest percentage of women in equity partnerships Littler Mendelson, 38.2% Willkie Farr & Gallagher, 36.1% Jackson Lewis, 36% Davis Wright Tremaine, 33.9%
The Magic Circle refers to five prestigious and multinational London-headquartered law firms. They are Allen & Overy; Clifford Chance; Freshfields Bruckhaus Deringer; Linklaters; and Slaughter and May.
As of February 01, 2025, the average annual salary for a Law Firm Partner in Texas is $110,106. ing to Salary, salaries can range from a low of $80,464 to a high of $143,443, with most professionals earning between $94,590 and $127,556.