Law’s high rollers: The firms turning their top lawyers into multi-millionaires

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By Legal Cheek on

10

A rundown of the impressive partner profits at the country’s leading outfits

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Top law firm partners are strutting around with more than a little pep in their step — and now we know why.

These powerhouse partners don’t just attract high-profile clients; they drive some of the most profitable work for their firms, earning substantial rewards in return.

Drawing on figures provided by firms, sourced online, or from the latest publicly available data, we take a peek into the impressive earnings of partners at over 100 UK law firms.

While ‘profit per equity partner’ (PEP) doesn’t represent an exact earnings figure for each partner — some partners may earn substantially more and others less — it offers a useful snapshot of the financial rewards up for grabs.

Not all partners at a firm are equity partners; some receive a fixed salary, often enjoying a better work-life balance. Additionally, some firms, such as Slaughter and May, do not disclose their PEP figures, so these have been excluded from our final list.

It’s no surprise to see the London offices of certain US firms topping the PEP table, with some partners earnings of as much as £6 million a year — and you thought NQ salaries were impressive! Elite UK firms, including those in the Magic Circle, cluster around a very respectable £2 million.

Curious how your dream firm stacks up and what you might earn if you reach partnership? Check out the rundown below:

You can view all our salary data, including rates for trainees and newly qualified lawyers, on our 2025 Legal Cheek Firms Most List

Top of the PEPs: How much are equity partners earning?

Law firm Profit per equity partner
Kirkland & Ellis £6,190,000
Paul Weiss £5,100,000
Sullivan & Cromwell £4,900,000
Davis Polk & Wardwell £4,840,000
Gibson Dunn £4,400,000
Latham & Watkins £4,300,000
Paul Hastings £4,200,000
King & Spalding £4,160,000
Milbank £3,990,000
Cleary Gottlieb Steen & Hamilton £3,600,000
Sidley Austin £3,600,000
Weil Gotshal & Manges £3,600,000
Ropes & Gray £3,500,000
Fried Frank £3,450,000
Debevoise & Plimpton £3,200,000
Willkie Farr & Gallagher £3,150,000
Vinson & Elkins £2,890,000
Dechert £2,790,000
White & Case £2,744,000
Cooley £2,700,000
Macfarlanes £2,600,000
Goodwin £2,500,000
Winston & Strawn £2,500,000
Akin £2,470,000
DLA Piper £2,440,000
Orrick £2,400,000
A&O Shearman £2,200,000
Hogan Lovells £2,200,000
Morrison Foerster £2,110,000
Freshfields £2,090,000
Clifford Chance £2,000,000
Linklaters £1,900,000
Mayer Brown £1,870,000
Greenberg Traurig £1,800,000
Katten Muchin Rosenman £1,700,000
Squire Patton Boggs £1,600,000
Baker McKenzie £1,500,000
Ashurst £1,340,000
Herbert Smith Freehills £1,320,000
Eversheds Sutherland £1,300,000
Travers Smith £1,300,000
Reed Smith £1,240,000
K&L Gates £1,127,000
Norton Rose Fulbright £1,100,000
Simmons & Simmons £1,100,000
CMS £977,963
Addleshaw Goddard £909,000
Taylor Wessing £900,000
HFW £855,000
Pinsent Masons £793,000
Shoosmiths £781,000
Osborne Clarke £771,000
Walker Morris £740,000
BCLP £735,000
Bevan Brittan £735,000
Stephenson Harwood £725,000
Clyde & Co £708,000
Bird & Bird £703,000
Dentons £670,000
Withers £670,000
Charles Russell Speechlys £661,000
Farrer & Co £600,000
TLT £600,000
Watson Farley & Williams £593,000
Irwin Mitchell £571,000
Wiggin £571,000
Womble Bond Dickinson £551,000
Forsters £550,000
Ashfords £507,000
Bristows £500,000
RPC £490,000
Burges Salmon £470,000
Mills & Reeve £470,000
Kingsley Napley £466,000
Birketts £425,000
Gowling WLG £420,000
Trowers & Hamlins £400,000
Weightmans £391,000
Penningtons Manches Cooper £390,000
Wedlake Bell £372,000
Howard Kennedy £362,000
Stevens & Bolton £360,000
Cripps £358,000
Bates Wells £344,000
Shakespeare Martineau £320,000
Foot Anstey £264,000
RWK Goodman £246,000
Brabners £196,250

You can view all our salary data, including rates for trainees and newly qualified lawyers, on our 2025 Legal Cheek Firms Most List

10 Comments

Crumpet

What about DWF?

JokeyJoker

Guys there are still figuring out how to reference, unfortunately the money hasn’t arrived into the accounts yet

Anon

Be good to get a numbers/% breakdown as well given many US firms operate dual salary/equity partnerships whereas UK firms tend to be majority equity.

Anon

Rough percentage of partners who are non-equity:

K&L Gates – 80%
DLA – 75%
Eversheds – 75%
Greenberg – 75%
SPB – 75%
K&E – 65%
K&S – 65%
Orrick – 65%
Bakers – 60%
Sidley – 60%
BCLP – 55%
Dechert – 55%
Lovells – 55%
NRF – 55%
Reed Smith – 55%
Ashurst – 50%
Goodwin – 50%
Akin – 45%
CMS – 45%
Paul Hastings – 45%
W&C – 45%
WSGR – 45%
Fried Frank – 40%
Latham – 40%
Proskauer – 40%
Gibson – 35%
Quinn – 35%
Weil – 35%
Willkie – 35%
CC – 30%
HSF – 30%
STB – 30%
A&O – 25%
Milbank – 20%
Dentons – 10%
Linklaters – 5%
Slaughters – 5%
Debevoise – 0%
DPW – 0%
FBD – 0%
Ropes – 0%
S&C – 0%

at one of the below

Its so off I don’t even know where to start; 2/10 accuracy.

Anon

This is taken from the “Global 100” list published by Legal Business last month. That list specifies how many equity and non-equity partners each firm has. The percentages have been rounded to the nearest 5%. Please feel free to check the calculations yourself.

AOS Associate

A&O Shearman don’t have any non-equity partners so this list is complete BS.

a&o senior lifer

This is grossly incorrect. the first three years of partnership are in the non-equity tier and only if you meet a defined set of criteria that you become equity partner.

Anonyme

How do you even make this up?

Tom

Which equity partnerships are lockstep, and which partnerships are points-based? The figures given are presumably averages – are they median or mean? An awful lot going on behind these numbers – some partners earning much more, and some earning much less.

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