
24/07/2025
BigLaw Partner Pay Update: The Numbers Are... Something Else
While associates celebrate their £150k salaries, equity partners are having a slightly different experience:
Macfarlanes partners: £3.1m each (+8%)
Linklaters partners: £2.2m each (+15%)
Clifford Chance partners: £2.11m each
Magic Circle average: £2m+ per partner
Meanwhile, newly qualified associates earn roughly 5% of what an equity partner takes home.
The math is pretty simple: Follow the US money, charge obscene hourly rates, watch PEP figures soar.
US expansion strategies are clearly working—Linklaters saw 57% US profit growth while Clifford Chance hit 18% US revenue increases.
But sure, let's keep pretending those associate salary "wars" were about talent retention rather than PR theater. 🎭
What do you think—sustainable business model or wealth extraction machine with a legal services side hustle?
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