A common reason that many law firm partners decide to look for a new firm is because they think they are being underpaid, yet partners often lack a full understanding of how their law firm determines compensation.

Here, we hope to provide some clarity if you have never been on a compensation committee and want to be able to make an informed analysis, rather than an emotional one, when it comes to evaluating your current compensation and whether or not your abilities and effort are valued in such a way that allows you to maximize your earnings at your current law firm.