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Virtual recruiting tips for Big Law summer associate programs

Latham & Watkins; Skadden; Major Lindsey & Africa
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On-campus interviews at many law schools, which are taking place virtually this year due to the pandemic, are finally in full swing.
In a live panel, hiring decision-makers at Latham & Watkins and Skadden and an industry recruiter from Major, Lindsey & Africa shared their advice on landing a Big Law summer associate job.
Here are some of the takeaways, from how law firms will consider students pass/fail grades to how to network effectively to give yourself a boost in the competitive recruiting process. ....

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Gender pay gap narrows for women law firm partners as pay rises outpace men, study finds

Gender pay gap narrows for women law firm partners as pay rises outpace men, study finds
16 December 2020
But male partners still significantly out-earning their female counterparts, according to Major Lindsey & Africa survey
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The gender pay gap for law firm partners narrowed in 2019 even as men’s earnings continued to outpace women, according to Major Lindsey & Africa’s (MLA s) sixth biennial Partner Compensation Survey.
While male partners on average earned $1.13m last year compared to $784,000 for their female counterparts, women partners saw their compensation rise by 15%, double the increase for men at 7%. Overall, partner compensation rose 10% in 2019 to $1.05m from $962,000 a year earlier, the survey, which was based on the responses of 1,271 partners across the US, showed. ....

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How much do partners make? The average at larger firms tops $1M, survey finds

How much do partners make? The average at larger firms tops $1M, survey finds

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Partners in the nation’s top 200 law firms earned an average of $1.054 million in 2019, an increase of 10% from 2018, according to a survey released Tuesday.
Average compensation for equity partners was $1.39 million compared to $432,000 for nonequity partners, according to the survey by legal search firm Major, Lindsey & Africa.
The survey, available here, used an online questionnaire hosted by legal market data company Acritas. A press release summarizes the findings.
Although female partners earned less than male partners and minority partners earned less than white partners, the pay gap is narrowing, the survey found. ....

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Average BigLaw Partner Compensation Soars Past $1M

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Average BigLaw Partner Compensation Soars Past $1M
Law360 (December 15, 2020, 7:24 AM EST) Average compensation for those at the highest ranks of BigLaw has surpassed $1 million for the first time, and partners no longer expect the financial woes they feared when they braced for economic losses due to COVID-19, according to a new survey.
The findings, released Tuesday by legal search firm Major Lindsey & Africa, showed that the average income for U.S. partners was just over $1 million in 2019, marking a 10% increase from 2018 and a 20% jump since 2016.
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