Credit: nata777_7/Adobe Stock Partner Pay Climbs in DC, as NY Firms and Lateral Market Drive Up Comp Packages
The top end of partner compensation in the Capital region now reaches between $15 million to $20 million.
October 19, 2023 at 05:00 AM
4 minute read
Partner pay across law firms in the Washington, D.C., market continues to climb, with multimillion-dollar comp packages becoming increasingly common in the district, recruiters and industry analysts say.
The demands of high-performing and lateral partners, as well as the presence of highly profitable New York firms in D.C., have driven up compensation across the board in the region, as firms want to stay competitive to keep their most productive partners, according to Lauren Drake, a partner in the Washington, D.C., office of trans-Atlantic legal recruiting firm Macrae.
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