Abstract. Within many phylogenetic assemblages, a pattern of domination has been observed: one or a few clades have had many more speciation events or fewer extinctions than other clades in a particular assemblage. We investigated this phenomenon in the polychaete annelids. Polychaetes comprise ∼9000 described species classified in over 70 families and exhibit a great variety of life history strategies. Our goal was to test whether diverse polychaete families are characterized by species with short generation times, high reproductive output, small body size, or with planktotrophic larval development. Each of these factors has been advanced as cause for high diversity in other taxonomic assemblages. Here, we establish that the diversification pattern of polychaete families is non‐random, but the data collected show no significant correlations between familial diversity and several life history traits including age at first reproduction, life span, body size, fecundity, and egg size. Pairwise comparisons of sister families do not reveal any trends between familial diversity and any of the life history traits. The great variability of life history traits within polychaete families may explain the lack of significant results; perhaps no trends are seen because polychaete life history traits cannot be generalized at the family level.