A partner is a lawyer who is promoted within a firm to partnership level. This person will have ideally clocked up at least 6 years’ experience and will either become equity or non-equity partners. Equity partners have an ownership stake in the firm and share in the law firm’s profits, while non-equity partners are generally paid a fixed salary and may be vested with certain limited voting rights in law firm matter. As well as having proved themselves as highly proficient lawyers, partners in a law firm will need to understand ‘critical areas of performance’ to ensure the firm flourishes. These include business development, people management, client relationship management and financial performance.
What does a partner do?
Day-to day responsibilities of a partner may consist of:
- To manage and remain in overall control of the management of the firm (and each office) within it on an operational basis
- To ensure that the Partners and Fee Earners are effective in the delivery of the Firm’s services to its clients and do so profitably
- Establishing organisational strategies of the firm through strategic thinking and direction
- Establishing operational strategies of the firm
- Establishing financial strategies
- Generating revenue through client management
- Increasing revenue through new and additional services, and developing cost-benefit analysis;
- Maintain stability of the law firm
- Preventing and managing conflict
- Enhancing the firm’s reputation by setting an example regarding ethics, morals, legal and professionalism and reaffirming this throughout the organisation
- Creating and establishing human resource strategies by determining the structure of the firm
What key skills should a partner have?
- A high level of ability with regards to client and customer care and management
- Legal compliance
- Relationship building
- Verbal and written communication
- Financial planning and strategy
- Outstanding management ability
- Strategic thinking for long term
- Outstanding knowledge of your firm’s specialism and industry as a whole
- The ability to communicate exceptionally
- Excellent organisational and interpersonal skills
- The ability to work independently
- Problem solving and decision making
- Extensive work experience in legal environment
What qualifications will I need to be a partner?
To become a partner, you must first have ideally clocked up at least 6 years’ experience and will either become equity or non-equity partners. You don’t necessarily have to have a degree in law, however, aspiring candidates should the relevant work experience in a legal role and be able to prove their worth.
How much does a partner earn?
The starting salary for a partner is usually around £42,510, according to Payscale.
The average salary for a partner is £90,414.88, according to our data in 2019.
The map below also shows the regional average salaries for partner roles in the UK in 2019, from Simply Law Jobs data.
Complicated, time consuming applications There is little more frustrating than when you’re short on time and trying to apply for a job, only to find yourself being taken through a convoluted application process. Filling in masses of information every time you apply...
What is a candidate profile? Candidate profiles are a brand-new addition to Simply Law which are designed to give you the perfect platform to showcase your experience, skills and qualifications in a professional and engaging way. We have all experienced the struggle...
The Solicitors Qualifying Examination (SQE), which will come into force in September 2021, is the new assessment that all individuals must qualify as solicitors in England and Wales. The SQE has been proposed in light of the recent changes made to the qualification...
Introducing Faysal We recently caught up with Faysal Yaqoob, an immigration solicitor at Fountain Solicitors’ busy Manchester office. Fountain Solicitors are a national firm of solicitors with offices in Walsall, Newport, Birmingham and Manchester specialising in a...
The reasons why many choose to take a solicitor career path are that it is a respected and exciting profession, highly rewarding, and with great career progression opportunities. However, that’s not all. Becoming a solicitor comes with an idea of more than...
Introducing Miroslava Miroslava Dimitrova is a Legal Solutions Specialist at Freshfields Bruckhaus Deringer, who undertook the Bar Professional Training Course. We recently caught up with Miroslava, who kindly shared with us an overview of what it was like to complete...