The Geek In Review An Overview of the 2022 Partner Compensation Survey with Law360's Craig Savitzky and MLA's Jeffrey Lowe (TGIR Ep. 178)
For the first time, Law360 and Major, Lindsey, and Africa team up to survey BigLaw partners in their 2022 Partner Compensation Survey. We are joined by Craig Savitzky, Senior Data Analyst at Law360 and Jeffrey Lowe, Global Practice Leader of the Law Firm Practice at Major Lindsey and Africa. With this being the first survey of law firm partners since most firms have made some effort to return to the office, there were some surprises on how much remote work partners want to take versus how much their firms are offering. It may not be what you think.
Women and minority partners made some strong gains according to this survey in narrowing the pay gap. While the gap is still significant between women/minority partners and their white male colleagues, this was the smallest percentage in the history of the survey which began in 2010.
For the first time, the difference between average equity partner pay was more than $1 Million over average non-equity partner pay.
Savitzky and Lowe unpack a lot of data from the survey for us.
Links:
- MLA's - 2022 Partner Compensation Survey
- Law360 Pulse's - The 2022 Partner Compensation Survey Articles
Crystal Ball Answers from LVNx
This week we talk with Properoware founder Keith Lipman, who recently merged into Litera, about the role that ALSP's and others will play in filling the gap left by law firms when the economy begins its expected downturn.
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Email: geekinreviewpodcast@gmail.com
Music: Jerry David DeCicca