Ed. note: Welcome to our daily feature, Quote of the Day.
Equity partners report the highest satisfaction across all measures, highlighting a clear satisfaction gap. [Satisfaction] generally rises with tenure overall, but longest-tenure nonequity partners are among the least satisfied, equity partners rebound after an early-career dip, and associates improve through mid-career before leveling off.
— An excerpt from a Law.com flash survey, where it was revealed that across firms of all sizes, equity partners had the highest levels of satisfaction (with scores of 3.8 to ~4.3), on a scale of one (very dissatisfied) to five (very satisfied), while nonequity partners posted the lowest average satisfaction scores on a range of topics, including compensation (~3.08), current standard rates (~3.14), and more broadly, their current role (~3.54). Kayla McCaleb, research manager and compensation research lead for Law.com Intelligence, noted in light of the survey results that at times, nonequity partners “feel like glorified associates.”
Staci Zaretsky is the managing editor of Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Bluesky, X/Twitter, and Threads, or connect with her on LinkedIn.
The post Nonequity Biglaw Partners Sometimes ‘Feel Like Glorified Associates’ appeared first on Above the Law.
Ed. note: Welcome to our daily feature, Quote of the Day.
Equity partners report the highest satisfaction across all measures, highlighting a clear satisfaction gap. [Satisfaction] generally rises with tenure overall, but longest-tenure nonequity partners are among the least satisfied, equity partners rebound after an early-career dip, and associates improve through mid-career before leveling off.
— An excerpt from a Law.com flash survey, where it was revealed that across firms of all sizes, equity partners had the highest levels of satisfaction (with scores of 3.8 to ~4.3), on a scale of one (very dissatisfied) to five (very satisfied), while nonequity partners posted the lowest average satisfaction scores on a range of topics, including compensation (~3.08), current standard rates (~3.14), and more broadly, their current role (~3.54). Kayla McCaleb, research manager and compensation research lead for Law.com Intelligence, noted in light of the survey results that at times, nonequity partners “feel like glorified associates.”
Staci Zaretsky is the managing editor of Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Bluesky, X/Twitter, and Threads, or connect with her on LinkedIn.
The post Nonequity Biglaw Partners Sometimes ‘Feel Like Glorified Associates’ appeared first on Above the Law.
