Law Firm Partner Salary
Job Description for Law Firm Partner
A law firm partner is a joint owner of their firm and helps oversee its day-to-day operations. They directly supervise the firm’s legal and technical support teams, coordinate logistics for new cases, and manage budgets and vendor relationships. Other duties of a law firm partner include handling numerous cases simultaneously, interacting with lawyers within the firm to provide advice and guidance, managing payroll, and hiring clerks. These professionals also implement initiatives in the office to make sure that the office remains compliant with local, state, and federal regulations, as well as update staff on administrative issues as necessary.Read More...
Law firm partners work in large and small firms that handle a wide variety of cases and practice different types of law. These individuals need a degree from an accredited law school and to have passed the bar for the state in which they practice. Previous experience as a lawyer is required as well. Additionally, law firm partners must have an excellent understanding of the area(s) of law in which their firm specializes, proficiency with basic computer programs such as the Microsoft Office suite, and excellent communication and interpersonal skills. They must work well in a team setting with other members of their firm, as well as on their own with minimal supervision.
Law Firm Partner Tasks
- Advise clients in business transactions, claim liablility, advisability of prosecuting or defending lawsuits or legal rights and obligations.
- Select jurors, argue motions, meet with judges and question witnesses during the course of a trial.
- Represent clients in court or before government agencies, present and summarize cases to judges and juries.
- Gather evidence to formulate defense or to initiate legal actions; evaluate findings and develop strategies and arguments for presentation of cases.
- Analyze and interpret laws, rulings and regulations with probable case outcomes for individuals and businesses.
Common Career Paths for Law Firm Partner
Law Firm Partners' salaries tend to stay somewhat constant even when they advance into higher-level positions like Law Firm Managing Partner. On average, Managing Partner, Law Firms get paid about the same as Law Firm Partners do. Law Firm Partners most often move into Attorney or General Counsel roles. However, the former pays $123K less on average, and the latter pays $52K less.
Law Firm Partner Job Listings
Search for more jobs:
Pay by Experience Level for Law Firm Partner
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Experience seems to be a major factor in determining the incomes of Law Firm Partners. Individuals who have worked for fewer than five years report earning $125K on average, a generous six-figure sum for those just starting out. Law Firm Partners see a median salary of $202K after reaching one to two decades on the job. More than 20 years of experience seem related to solid financial gains; veterans in this group report earning a median of $250K.
Pay Difference by Location
Law Firm Partners in New York, Philadelphia, and Washington — all eastern cities in the United States — make more than the national average for those in this profession. They also represent the three highest-paid locations for Law Firm Partners in this country. Law Firm Partners in New Orleans report much lower salaries than the rest of the country — 34 percent below the national average — proving that residence is a major factor in overall pay. Cleveland and Columbus are a couple other places where companies are known to pay below the median — salaries are 19 percent lower and 15 percent lower, respectively.
Related Job Salaries
Key Stats for Law Firm Partner
Rated 5 out of 5
based on 65 votes.