I’d say it’s definitely common for partners at magic circle and US law firms in London, regardless of specialism (although areas like tax and competition do tend to charge out at a higher rate to clients the partners won’t take more home necessarily than other specialisms: thats where the equity structure in a law firm partnership comes into play).
There is a big difference between the pay for partners at those firms though and other law firms which could be regarded as ‘big’ in London/UK
Edit to add: It shouldn’t be underplayed or under appreciated just how hard it is to become a partner at a MC or US firm though or just how much hard work is required.
There is a big difference between the pay for partners at those firms though and other law firms which could be regarded as ‘big’ in London/UK
Edit to add: It shouldn’t be underplayed or under appreciated just how hard it is to become a partner at a MC or US firm though or just how much hard work is required.