What does profit per partner mean?
Mia Phillips
Updated on May 01, 2026
Profits Per Partner is derived from dividing firm profits by the number of equity partners. In short, K&E partners are very profitable given the platform while Steptoe partners hit a plateau with their profitability.
How is profit per equity partner calculated?
Profits Per Partner is net income divided by the number of equity partners. This represents the average compensation to equity partners. Revenue Per Lawyer is gross revenue divided by the total number of lawyers, measured on an average FTE basis.
How much does a partner at Debevoise make?
In the most recent Am Law 100 rankings, Debevoise profits per partner exceeded $2 million and Cravath profits per partner exceeded $3 million. Both Whites have been partners at their respective firms for many years, and presumably they’re smart investors as well.
What is Schulte Roth and Zabel known for?
Founded in 1969, Schulte Roth & Zabel is a multidisciplinary firm with international clientele. Over time, we have become known for two things: doing great work in the financial services sector — and many related industries — and doing things a little differently than many of our peers.
What are profits per equity partner?
Profits per equity partner among Global 100 firms averaged $1,903,000 in 2020, an increase of 10.4% when compared with 2019’s average of $1,723,000.
How high is the Holland & Knight’s profits per partner?
List of largest United States-based law firms by profits per partner
| Rank by PPEP | Firm | 2019/2020 PPEP |
|---|---|---|
| 56 | Holland & Knight | $1,739,000 |
| 57 | Jenner & Block | $1,737,000 |
| 58 | Morgan, Lewis & Bockius | $1,716,000 |
| 59 | Nixon Peabody | $1,631,000 |
Do all equity partners make the same?
All equity partners are paid the same scale based on the number years at the firm. Each year equates to pay increases automatically. This is seen in many of the top AM Law firms. This model creates transparency, stability as well as loyalty, by placing emphasis on group achievement and teamwork.
How many lawyers does Schulte Roth have?
The number of attorneys practising at this firm globally is approximately 320 as of 2020, down from approximately 375 attorneys in 2013….Schulte Roth & Zabel.
| Headquarters | 919 Third Avenue New York City |
|---|---|
| No. of offices | 3 |
| No. of attorneys | Approximately 320 |
| Date founded | 1969 |
| Company type | LLP |
Is Milbank a good firm?
Leading the charge in compensation, Milbank is among the most elite law firms for corporate law. The firm prioritizes mentoring and training, including through its highly regarded [email protected] program. Hardworking-yet-easygoing candidates will fit well with the firm’s friendly culture.
Do equity partners get a salary?
Equity Partners are paid by a Scheduled K-1. Both Equity and Non-Equity attorneys can receive a base salary or draw with bonus.
What does Schulte Roth & Zabel do?
Schulte Roth & Zabel, LLP (often shortened to ” SRZ “) is a full service law firm with offices in New York, Washington, D.C., and London . The firm provides legal services to some of the world’s largest hedge funds and thousands of investment funds globally.
Who are the founders of the law firm Zabel & Shapiro?
The firm was founded in 1969 by seven attorneys under the age of 35. William D. Zabel, Daniel S. Shapiro, and Paul N. Roth met as associates at Cleary, Gottlieb, Steen & Hamilton.
Why choose Schulte?
“The entire Schulte Team is fantastic and consistently exceeds our expectations. What I really like about them is their commercial knowledge and practical approach to supporting our business objectives.” We get it done.
