It’s no secret that law firm partners in Big Law earn a lot of money, but just how much they make can vary widely. Factors that go into determining just how fat those paychecks can be include how much business the partner brings in, whether the partner is equity or non-equity, and whether the firm uses a lockstep or merit compensation model. In this video, Kent Zimmermann, an advisor to law firms, and Roy Strom, who reports on the business of law, explain exactly what factors into partner salaries at elite law firms. (Produced by Macarena Carrizosa; Senior Producer: Andrew Satter; Executive Producer: Josh Block)
