Co-owns one of the largest US law firms, brings in and leads major client matters, and shares directly in the firm's annual profits. The American Lawyer, Am Law 100 and Am Law 200 (2025 rankings), as reported by Above the Law and Legal.io puts typical pay at $1,095,465 a year (2024). BLS does not publish separate figures for lawyers; it counts them within lawyer (SOC 23-1011), whose median pay is $159,670 a year (BLS OEWS, May 2025). Typical entry-level education: Doctoral or professional degree.
- SOC 23-1011
- Legal
- Last updated October 9, 2026
At a glance
BigLaw Equity Partner in four numbers
- Median pay
- $159,670a year, or $76.76/hrBLS OEWS, May 2025Lowest 10% $78KTop 10% $352K
US median, all jobs: $50,980
- Projected growth
- +4.7%Faster than averageBLS EP, 2025–2035This career+4.7%All jobs+3.5%
Projected employment change, 2025–2035 Item Value This career +4.7% All jobs +3.5% - Openings a year
- 28,700863,700 jobs todayBLS EP, 2025–2035
- Jobs in 2025863.7K
- Projected 2035904.3K
Employment, 2025–2035 Item Value Jobs in 2025 863.7K Projected 2035 904.3K - Typical education
- Doctorateneeded to enterBLS EP, 2025–2035; mix: O*NET
- Professional degree22.8%
- Doctorate77.2%
Highest education held by lawyers Segment Value Professional degree 22.8% Doctorate 77.2%
Also advertised as: Equity Partner, Law Firm Equity Partner, Shareholder (Law Firm), Member (Law Firm).
Pay
How much do Lawyers make?
Industry-reported pay
$1,095,465
Average profits per equity partner at Am Law Second Hundred firms (typical) and at Am Law 100 firms (high), fiscal year 2024.
- Top earners
- $3,150,000
Source: The American Lawyer, Am Law 100 and Am Law 200 (2025 rankings), as reported by Above the Law and Legal.io, 2024 (published compensation survey). This is not a BLS figure: BLS counts lawyers within lawyer, whose pay is shown below. Above the Law: The Am Law 200, BigLaw's Second Hundred (2025) · Legal.io: The 2025 Am Law 100 by the numbers · ABA Journal: Average BigLaw partner compensation (Major, Lindsey & Africa 2024 survey)
Every biglaw equity partner in the US, by percentile of annual wage
Median
$159,670
Middle half earn $102,990 to $221,370
- 10th
- $78,360
- 25th
- $102,990
- 75th
- $221,370
- 90th
- $351,600
All US occupations: $50,980
| Percentile | Value |
|---|---|
| 10th | $78,360 |
| 25th | $102,990 |
| Median | $159,670 |
| 75th | $221,370 |
| 90th | $351,600 |
| All US occupations | $50,980 |
Source: BLS OEWS, May 2025
- Median annual wage
- $159,670
- Median hourly wage
- $76.76/hr
- Mean annual wage
- $185,840
- People employed
- 754,500
Versus all US occupations
At $159,670, Lawyers earn 213% above the $50,980 median across all US occupations, a difference of $108,690 a year.
Versus legal occupations
The median is typical for the Legal group, where the middle occupation pays $159,670.
Pay range
The top 10% earn $351,600 or more while the bottom 10% earn $78,360, a gap of 4.5×. That is an unusually wide spread, which usually tracks specialisation, employer type and years of experience.
Rank in the bank
This median pays more than 93% of the 1,741 occupations in the NueCareer career bank.
Highest-paying state
New York pays the most at $207,860, and still leads at $192,604 once local prices are taken into account.
Pay by state
Which states pay Lawyers the most?
State medians come from the same OEWS release as the national figures. The cost-of-living column divides each state median by that state's BEA Regional Price Parity, restating pay in national-average dollars so a high-cost state and a low-cost one can be compared directly.
| State | Median | COL-adjusted | Employed |
|---|---|---|---|
| 1New York | $207,860 | $192,604 | 91,870 |
| 2District of Columbia | $195,190 | $177,605 | 33,070 |
| 3California | $195,080 | $176,192 | 95,770 |
| 4Massachusetts | $176,680 | $167,062 | 23,560 |
| 5Delaware | $173,510 | $173,844 | 2,920 |
| 6Colorado | $168,520 | $163,529 | 16,720 |
| 7Virginia | $167,210 | $165,384 | 18,580 |
| 8Connecticut | $163,600 | $157,900 | 8,420 |
| 9New Jersey | $161,430 | $148,366 | 23,160 |
| 10Illinois | $160,800 | $160,868 | 33,590 |
Job outlook
Is BigLaw Equity Partner a growing career?
Employment change over 2025–2035, against every US occupation
Faster than average. +4.7% projected growth vs 3.5% for all occupations.
| Item | Value |
|---|---|
| Lawyers | +4.7% |
| All US occupations | +3.5% |
Source: BLS EP, 2025–2035
Faster than average
BLS projects employment of Lawyers to change 4.7% over 2025–2035, against 3.5% projected for all occupations. That is 40,600 more jobs.
Annual openings
About 28,700 openings are projected each year, 3.3% of the 863,700 jobs that existed in 2025. Most come from workers leaving the occupation, not from growth alone.
Getting in
How to become a BigLaw Equity Partner
The path starts with a Juris Doctor from an ABA-accredited law school, passing a state bar exam, and usually joining a large firm as a first-year associate through its summer associate program. Most associates who reach partnership do so after roughly eight to ten years of practice, often after an intermediate step as a non-equity or income partner.
Promotion to equity partner depends on strong legal judgment, a reputation in a practice area, and above all a book of business: clients who send their work to you personally. Many lawyers also become equity partners by moving laterally from another firm with a portable client base, a market served by specialist legal recruiters.
- 1
Typical entry-level education
Doctoral or professional degree
- 2
Work experience in a related occupation
None
- 3
Typical on-the-job training
None
- 4
Preparation needed (O*NET job zone)
Considerable preparation
BLS Employment Projections, 2025–2035; job zone from O*NET 31.0 Database.
What education people in the job have
O*NET incumbent survey: the highest level of education reported by people already working as lawyers.
- Doctoral Degree77.2%
- First Professional Degree22.8%
| Item | Value |
|---|---|
| Doctoral Degree | 77.2% |
| First Professional Degree | 22.8% |
Source: O*NET 31.0 Database
The work
What does a BigLaw Equity Partner do?
An equity partner is an owner of a large law firm, the group of national and international firms ranked in The American Lawyer's Am Law 100 and Am Law 200. Instead of a salary, equity partners receive a share of the firm's profits each year, so their pay rises and falls with the business they and their colleagues generate.
The job is part senior lawyer and part business owner. Equity partners run the most important deals, trials and regulatory matters for corporate clients, supervise teams of associates and junior partners, and are expected to originate new work by building long relationships with general counsel and executives. They also vote on firm governance, new partners and strategy, and many sit on firm committees or lead a practice group or office.
Day-to-day tasks
- Lead complex transactions, litigation or regulatory matters for corporate clients
- Develop new client relationships and generate new matters for the firm
- Supervise and review the work of associates, counsel and junior partners
- Negotiate engagement terms, budgets and billing arrangements with clients
- Advise boards and senior executives on legal strategy and risk
- Vote on firm governance, partner admissions and profit allocation
- Mentor associates and evaluate them for promotion
- Lead a practice group, office or firm committee
Typical tasks, researched by NueCareer from the sources below.
Working conditions and hours
Equity partners work in downtown offices in major business centers such as New York, Washington, Chicago, Los Angeles and the Bay Area, and travel often for client meetings, closings and trials. Hours are long and unpredictable because client deadlines drive the work, and partners remain responsible for client service around the clock. The role is mostly desk and meeting work, with heavy use of phone and video.
Where the work happens
Indoors, climate-controlled
NeverEvery dayOutdoors in all weather
NeverEvery dayAlmost never works outdoors.
Physical demands
Sitting
NeverAlmost all the timeSeated for more than half the working day.
Standing
NeverAlmost all the timeBending or twisting
NeverAlmost all the time
Working with people
Contact with other people
NoneConstantConstant contact with other people.
Face-to-face discussions
NeverEvery dayDealing with the public
Not importantExtremely important
Pressure and stakes
Strict deadlines
NeverEvery dayMeeting strict deadlines at least weekly.
Conflict situations
NeverEvery dayCost of a mistake
Not seriousExtremely serious
Autonomy
Freedom to decide
NoneA lotA lot of freedom to make decisions without checking first.
Conditions: O*NET Work Context survey. Each item has its own scale, so each dot is read against the two answers that end its own line.
Core skills
O*NET importance, 1 to 5
- Speaking4.6
- Reading Comprehension4.5
- Active Listening4.5
- Critical Thinking4.5
- Writing4.3
- Active Learning3.8
- Monitoring3.4
- Learning Strategies3.1
| Item | Value |
|---|---|
| Speaking | 4.6 |
| Reading Comprehension | 4.5 |
| Active Listening | 4.5 |
| Critical Thinking | 4.5 |
| Writing | 4.3 |
| Active Learning | 3.8 |
| Monitoring | 3.4 |
| Learning Strategies | 3.1 |
Source: O*NET 31.0 Database
Transferable skills
O*NET importance, 1 to 5
- Complex Problem Solving4.1
- Judgment and Decision Making4.1
- Persuasion4.0
- Negotiation4.0
- Social Perceptiveness3.8
- Time Management3.6
- Coordination3.5
- Systems Analysis3.4
| Item | Value |
|---|---|
| Complex Problem Solving | 4.1 |
| Judgment and Decision Making | 4.1 |
| Persuasion | 4.0 |
| Negotiation | 4.0 |
| Social Perceptiveness | 3.8 |
| Time Management | 3.6 |
| Coordination | 3.5 |
| Systems Analysis | 3.4 |
Source: O*NET 31.0 Database
Tools and software
- Data base user interface and query software · in demand
- Data mining software · in demand
- Document management software · in demand
- Electronic mail software · in demand
- Enterprise resource planning ERP software · in demand
- Office suite software · in demand
- Presentation software · in demand
- Project management software · in demand
- Spreadsheet software · in demand
- Word processing software · in demand
- Accounting software
- Analytical or scientific software
“In demand” marks an O*NET Employer-Based Hot Technology, software named in real job postings for this occupation.
Personality fit
What personality type suits a BigLaw Equity Partner?
NueCareer estimate (Holland code EIC) built on O*NET's Lawyer profile, scored 1 to 7
| Axis | BigLaw Equity Partner |
|---|---|
| Realistic | 1 |
| Investigative | 5 |
| Artistic | 2 |
| Social | 3 |
| Enterprising | 6 |
| Conventional | 5 |
Source: O*NET 31.0 Database
What the work is built around
Day to day this is work built around leading, persuading, selling and making decisions, combined with investigating, analysing and solving problems with ideas and data.
- Enterprising5.7
- Investigative4.7
- Conventional4.7
- Social3.5
- Artistic2.4
- Realistic1.1
Closest MBTI types
NueCareer fit scores: cosine similarity between each MBTI type's interest vector and this occupation's O*NET interest profile. Not a BLS or O*NET figure; the method is documented on our methodology page.
Explore further
Careers related to BigLaw Equity Partner
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More legal careers
Median annual pay, with lawyers highlighted
- Lawyer$159,670
- Non-Equity Partner$159,670
- BigLaw Senior Associate$159,670
- Public Company General Counsel$159,670
- Mergers and Acquisitions Attorney$159,670
- Capital Markets Attorney$159,670
- BigLaw Equity Partner$159,670
- Judge$153,990
- Paralegal$62,890
| Item | Value |
|---|---|
| Lawyer | $159,670 |
| Non-Equity Partner | $159,670 |
| BigLaw Senior Associate | $159,670 |
| Public Company General Counsel | $159,670 |
| Mergers and Acquisitions Attorney | $159,670 |
| Capital Markets Attorney | $159,670 |
| BigLaw Equity Partner | $159,670 |
| Judge | $153,990 |
| Paralegal | $62,890 |
Source: BLS OEWS, May 2025
Lists BigLaw Equity Partner appears on
Questions
BigLaw Equity Partner: frequently asked questions
How much do Lawyers make?
The American Lawyer, Am Law 100 and Am Law 200 (2025 rankings), as reported by Above the Law and Legal.io reports $1,095,465 (average profits per equity partner at Am Law Second Hundred firms (typical) and at Am Law 100 firms (high), fiscal year 2024, 2024), with top earners around $3,150,000. BLS does not publish a separate wage for lawyers. It counts them within lawyer, whose median pay is $159,670 a year (BLS OEWS, May 2025). The middle half of that occupation earn between $102,990 and $221,370, and the top 10% earn $351,600 or more.
Do you need a degree to become a BigLaw Equity Partner?
Yes, and beyond a bachelor's: BLS lists a doctoral or professional degree as the typical entry requirement for Lawyers. In O*NET's survey of people already doing the job, 77.2% hold doctoral degree.
Is BigLaw Equity Partner a growing career?
Yes. Employment is projected to grow 4.7% over 2025–2035, faster than the 3.5% average for all occupations (BLS EP, 2025–2035). BLS still projects about 28,700 openings a year, mostly from workers retiring or moving to other work.
What does a BigLaw Equity Partner do?
An equity partner is an owner of a large law firm, the group of national and international firms ranked in The American Lawyer's Am Law 100 and Am Law 200. A typical task: lead complex transactions, litigation or regulatory matters for corporate clients. Employers most often ask for Data base user interface and query software, Data mining software, Document management software.
Which states pay Lawyers the most?
The highest state medians for Lawyers are New York ($207,860), District of Columbia ($195,190), California ($195,080) (BLS OEWS, May 2025).
What personality type suits a BigLaw Equity Partner?
O*NET scores Lawyers highest on the Enterprising, Investigative and Conventional interest areas, so the work mixes leading, persuading, selling and making decisions with investigating, analysing and solving problems with ideas and data. On NueCareer's MBTI-to-interest mapping that lines up most closely with ENTJ personalities. Personality is a fit signal, not a gate. The free NueCareer quiz scores your own profile against all 1,731 careers in the bank.