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Fairness companions report the best satisfaction throughout all measures, highlighting a transparent satisfaction hole. [Satisfaction] usually rises with tenure total, however longest-tenure nonequity companions are among the many least happy, fairness companions rebound after an early-career dip, and associates enhance by means of mid-career earlier than leveling off.
— An excerpt from a Law.com flash survey, the place it was revealed that throughout corporations of all sizes, fairness companions had the best ranges of satisfaction (with scores of three.8 to ~4.3), on a scale of 1 (very dissatisfied) to 5 (very happy), whereas nonequity companions posted the bottom common satisfaction scores on a variety of matters, together with compensation (~3.08), present commonplace charges (~3.14), and extra broadly, their present position (~3.54). Kayla McCaleb, analysis supervisor and compensation analysis lead for Legislation.com Intelligence, famous in gentle of the survey outcomes that at instances, nonequity companions “really feel like glorified associates.”
Staci Zaretsky is the managing editor of Above the Legislation, the place she’s labored since 2011. She’d love to listen to from you, so please be happy to email her with any suggestions, questions, feedback, or critiques. You possibly can observe her on Bluesky, X/Twitter, and Threads, or join together with her on LinkedIn.
