Law firm compensation depends on your position with the firm. A staff attorney receives a law firm salary along with traditional benefits.
However, a legal firm offers the law firm partners a percentage of the profits in addition to their regular compensation.
The law firm profits per partner vary and are usually based on seniority and billable hours. A criminal defense law firm or a business law firm will usually work in this format.
However, an injury law firm in which cases regarding personal injuries are argued, the law firm compensation is usually a percentage of the judgment.
These types of attorneys work on a contingency basis and they do not get paid if they do not win the case. This is why legal firms will not accept all cases and will only pursue cases that they can win.