Speaking of lawyers' salaries: Bloomberg News this morning is reporting from London that Philadelphia-based Dechert LLP paid its top-earning partner in London the equivalent of $4.1 million in 2005. The information comes from U.K. corporate filings, which can be found
here ($). Bloomberg's Caroline Byrne writes:
"Dechert’s unidentified partner made almost five times more than the average 451,000 pounds earned by its 38 U.K. partners and more than any of its competitors at U.S. firms in London that revealed their top partner’s earnings in 2005 and fiscal 2006.
Byrne reports that the top five firms in terms of European partner compensation are: Dechert, McDermott Will & Emery LLP, DLA Piper LLP, Mayer Brown Rowe & Maw LLP and O’Melveny & Myers LLP. They each paid at least one of their European lawyers more than 1 million pounds in the midst of a mergers and acquisitions boom.
