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
As Law Firm Partners transition into upper-level roles like Managing Partner, Law Firms, it's possible that they won't see a change in salary. Managing Partner, Law Firms earn the same amount as Law Firm Partners on average. Law Firm Partners most frequently advance into Attorney and General Counsel roles even though the median salaries are $121K lower and $50K lower, respectively.
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Pay by Experience Level for Law Firm Partner
Median of all compensation (including tips, bonus, and overtime) by years of experience.
For many Law Firm Partners, experience and pay levels seem to be correlated; more years in the business generally lead to more money. Although individuals who have less than five years' experience earn $120K on average, people with five to 10 years benefit from a notably larger average of $166K. Law Firm Partners claiming one to two decades of experience make an estimated median of $201K. Law Firm Partners who have spent more than 20 years on the job report earning a significantly higher median of $252K.
Pay Difference by Location
Houston offers some of the highest pay in the country for Law Firm Partners, 58 percent above the national average. Law Firm Partners will also find cushy salaries in New York (+51 percent), Seattle (+44 percent), Washington (+29 percent), and Atlanta (+26 percent). Law Firm Partners in New Orleans take home the lowest salaries, earning a whopping 34 percent less than the national average. Not at the bottom but still paying below the median are employers in Cleveland and Columbus (18 percent lower and 14 percent lower, respectively).
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