Friday, October 2, 2020
American Lawyer, Male Partner Compensation Grew at Nearly Twice the Rate of Female Partner Comp in Last 10 Years:
Male equity partners in major law firms saw an increase of 42% in their overall compensation over the past decade, while female equity partners saw 22% growth, the biennial study on partner compensation by legal recruiting firm Major, Lindsey & Africa found in its latest results.
Non-equity partners stayed relatively flat at 10% growth, according to the study.
The survey, conducted every two years by the recruiting firm and its data and legal research partner Acritas, cemented what many have been noticing through anecdotal evidence: male equity partners get a lot of money, females equity partners less and non-equity partners are being left behind in general.
The average overall partner compensation increased by 38%, which, given the significantly lower growth percentage of female partners, illustrates not just a pay disparity but a lack of female partners.