Fewer Equity Partners, Fatter Paychecks
As firms slow expansion at the top, remaining equity partners reap the financial rewards.
As firms slow expansion at the top, remaining equity partners reap the financial rewards.
The firm's profits per equity parter went up 4% last year.
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The highest profits in Biglaw.
Business is good.
Profits are up!
There's a pretty big spread from the top of the profits per equity partner to the bottom in Biglaw.
Legal teams ask a practical question. If large language models are so capable, why does legal AI still depend on curated content, and why does surfacing that content matter so much?
The industry is trending up.
Kirkland & Ellis is tops at profits per equity partner.
The firm is already big, but it wants to become more profitable.
The money is rolling in.
Profits ain't what they used to be.
The lowest profits per equity partner in Biglaw.
Biglaw's doing just fine.
It's a good time to be an equity partner.
The firm's leaders think the metric is a 'misleading' indicator of business performance.