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SOURCE: Major, Lindsey & Africa
Over 2,200 partners from more than 60 cities across the country responded to the survey which collected the ranges, criteria and satisfaction of law firm partner compensation. Highlights include average compensation of $681,000, up 6.4% from 2010. City by city comparisons with highest average compensation found in Silicon Valley at $1.2 million and lowest in Philadelphia, $478,000.
Hanover, MD (PRWEB) October 08, 2012
Results are now available for Major, Lindsey & Africa’s (MLA) 2012 Partner Compensation Survey. The Survey, which was a follow-up to Major, Lindsey & Africa’s ground-breaking 2010 Survey, represents the most comprehensive effort ever undertaken to identify ranges of partner compensation, the criteria law firms use in determining partner compensation, and the satisfaction of law firm partners with their compensation and compensation systems.
This Survey was sponsored and developed by Major, Lindsey & Africa in association with ALM Legal Intelligence (ALI), a research arm of ALM Media, the publisher of The American Lawyer. ALI allowed respondents to answer confidentially and anonymously.
Over 2,200 partners from more than 60 citis across the country responded to the Survey, representing Equity and Non-Equity partners, open and closed compensation systems and lockstep and non-lockstep firms.
Key findings include:
Major, Lindsey & Africa’s 2012 Partner Compensation Survey was authored by Jeffrey Lowe, who serves as the Global Practice Leader of MLA’s Law Firm Practice and as Managing Partner of the firm’s Washington, D.C. office. Survey participants, managing partners and other members of firm management who desire a more detailed briefing on the results of the Survey and the Report may contact Jeffrey at jlowe (at) mlaglobal (dot) com or 202-628-0661.
For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2012/10/prweb9964867.htm
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