Law Firm Partner Compensation – How Are Law Firm Partners Paid?

Law partner compensation is a well kept mystery to most associate attorneys. Although associates are told to work hard and make partner, there is little discussion about how partners are paid and what partnership compensation looks like.

For younger attorneys and others interested in looking for a peek behind the veil on the mechanics of partner compensation, this post breaks down one model on how are law partners paid.

Partner Compensation

Equity Partners

As an equity partner, my income is based mostly on a percentage interest in the firm’s profits. Continue reading “Law Firm Partner Compensation – How Are Law Firm Partners Paid?”