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$30.5K

$117.5K

How much do equity partner jobs pay per year?

As of Jul 9, 2026, the average yearly pay for equity partner in the United States is $113,105.00, according to ZipRecruiter salary data. Most workers in this role earn between $116,500.00 and $116,500.00 per year, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as an Equity Partner, and why are they important?

To thrive as an Equity Partner, you need deep expertise in your legal specialty, a proven track record of generating business, and typically a Juris Doctor (JD) with many years of legal practice. Familiarity with law firm management software, client relationship management (CRM) systems, and financial analytics tools is crucial. Exceptional leadership, negotiation, and interpersonal skills set standout Equity Partners apart. These competencies are vital for driving firm profitability, managing client relationships, and contributing to strategic decision-making at the highest level.

What are the typical responsibilities of an Equity Partner in a law firm, and how do they differ from those of non-equity partners?

As an Equity Partner in a law firm, you are not only responsible for leading client relationships and managing complex legal matters but also for contributing to the firm’s strategic decisions and overall profitability. Unlike non-equity partners, equity partners share in the ownership of the firm, participate in profit distribution, and often have voting rights on major firm matters. This role involves business development, mentoring junior attorneys, and active involvement in firm governance, in addition to high-level legal work. The increased responsibility comes with greater expectations for leadership and long-term commitment to the firm’s success.

What is an Equity Partner?

An Equity Partner is a senior-level attorney or professional in a law firm or similar partnership who owns a share of the business and participates in its profits and decision-making. Unlike salaried or non-equity partners, equity partners invest capital into the firm and share both the risks and rewards. They usually have voting rights on major firm decisions and receive a portion of the firm's profits based on the partnership agreement. Becoming an equity partner typically involves years of proven performance, business development, and leadership within the firm.

What is the difference between Equity Partner vs Associate?

AspectEquity PartnerAssociate
CredentialsExperience, industry reputation, sometimes advanced degreesBachelor's or master's degree, relevant internships
Work EnvironmentLeadership, client management, firm ownershipProject work, research, supporting senior staff
Industry UsageLaw firms, consulting, accounting, investment firmsLaw firms, consulting, finance, corporate sectors

Equity Partners are senior members with ownership stakes, responsible for firm leadership and client relationships. Associates are entry- to mid-level staff focusing on project execution and skill development. The main difference lies in ownership, responsibilities, and experience level.

More about Equity Partner jobs
What job categories do people searching Equity Partner jobs look for? The top searched job categories for Equity Partner jobs are:
Equity Partner jobs near you
Infographic showing various Equity Partner job openings in the United States as of July 2026, with employment types broken down into 1% As Needed, 83% Full Time, 15% Part Time, and 1% Contract. Highlights an 90% Physical, 3% Hybrid, and 7% Remote job distribution, with an average salary of $113,105 per year, or $54.4 per hour.
Commercial Real Estate Equity Partner

Commercial Real Estate Equity Partner

Gould & Ratner LLP

Chicago, IL • On-site

Full-time

Medical, Dental, Vision, Life, Retirement

Re-posted 16 days ago

Job description

Gould & Ratner LLP is seeking an equity Partner to join its Real Estate Practice. The ideal candidate will have significant experience representing property owners, developers, lenders, and investors in their acquisitions, dispositions, sales, financings, leasing, and development of commercial real estate.

Candidates can look forward to a practice that will include handling all aspects of complex and sophisticated transactions for clients of all sizes and across industries. This is an excellent opportunity for an attorney who is highly motivated and seeking a positive career trajectory. We are seeking an attorney who is interested in business development and being part of the Firm’s overall succession plan.

Please note that this role allows a flexible work schedule with a hybrid remote/in-office presence.

Requirements

  • 10 or more years of experience practicing commercial real estate law. A portable book of business is required for this role.
  • Strong real estate experience in a variety of transactional matters, including commercial office and retail leasing, acquisitions and dispositions, development, lending and financing. Candidates should also have experience handling title, survey, environmental and entity real estate diligence matters.
  • Additional experience in commercial lending and banking transactions, including commercial real estate loans, asset-based loans, or other secured credit facilities is a plus.
  • Experience with entitlement, zoning, and tax issues as they relate to real estate and construction transactions is also preferred but not required.
  • Excellent writing and oral communication skills. Attention to detail, self-directed, and an ability to work efficiently on a several different matters at a time.
  • Ability to lead, negotiate, manage and close complex transactions, as well as draft material agreements and documents.
  • A drive for excellence and a willingness to take the initiative to solve problems.
  • Strong interpersonal and communication skills. The ideal candidate will be an integral part of the team, and will have the confidence and demeanor to interact and build relationships with the Firm’s clients. This attorney will serve as business advisor to clients, guiding them in a full range of legal matters throughout their life cycle.
  • Candidates must be currently licensed in Colorado or Illinois or licensed in another state with a UBE score that qualifies in Illinois or Colorado for comity, be eligible to waive in, or be willing to sit for an upcoming IL/CO bar exam (open to relocation candidates that meet these requirements).

Benefits

  • Candidates can look forward to a practice that will include handling all aspects of complex and sophisticated deals and transactions for clients of all sizes and across industries. This is an excellent opportunity for an attorney who is highly motivated and seeking a positive career trajectory. We are seeking an attorney who is interested in business development and being part of the Firm’s overall succession plan.
  • Emphasis on professional and business development.
  • Low turnover, collegial and collaborative environment.
  • Healthcare (medical, vision, dental), life and long-term disability insurance.
  • Competitive compensation, benefits package including 401k and profit sharing.
  • Paid primary and secondary caregiver leave.
  • Pre-tax commuter benefits and wellness programs (e.g., in-office gym and massages; 24/7 tele-medicine).
  • Hybrid in-office/remote role.