BigLaw Equity Partner Pay Nearing 7-Figure Mark

By Andrew Strickler (September 15, 2014, 7:01 PM EDT) -- The upward trajectory of BigLaw equity partner paychecks continues, according to a survey released Monday, with average compensation this year approaching the $1 million mark.

The 2014 Partner Compensation Survey from legal recruiting firm Major Lindsey & Africa also found a widening gap between payouts to equity partners and those on the non-equity tier, with the wedge driven by equity partners' stronger ability to lure business in the door.

"One could argue that the system is working perfectly, that there really isn't more inequality," said report author Jeffrey Lowe, global leader of Major Lindsey's law firm practice. "Equity partners are getting...

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