BigLaw partner compensation in 2026 will likely continue growing modestly, with equity partners at top-tier firms earning $2-15M+ annually. Non-equity partners typically earn $500K-2M, while practice area and portable business significantly impact earnings potential.
Technology-adjacent practices, employment law, and privacy/data security lead 2026 lateral demand, with significant regional variations. High-growth markets like Charlotte and Seattle offer unique opportunities beyond traditional BigLaw strongholds.
The ideal timing for lateral moves depends on practice area and market dynamics, but generally falls into two windows: January-March for post-bonus moves with strong Q1 budgets, and August-October for year-end hiring pushes.
The M&A associate lateral market remains competitive but active, with strong demand in tech-heavy markets and emerging practice areas. Success depends heavily on timing, deal experience quality, and target market selection.
Partner billable hours vary significantly by firm type and market, with Am Law 100 partners typically billing 2,000-2,400 hours annually. However, partners focus more on business development and client management than pure hour generation.
Bankruptcy and restructuring associates handle a mix of transactional and litigation work, from due diligence and document drafting to court filings and creditor negotiations. The practice combines corporate finance skills with specialized bankruptcy law knowledge.