HUSH, HUSH - Baker McKenzie has put its equity partner compensation in a black box. Meghan Tribe reports that the 4,700-lawyer firm last summer in North America quietly moved to a closed system, which in general means that partner pay is determined by firm leaders and is not shared with anyone else at the firm. A closed system, said a recruiter, can give firms more flexibility in hiring laterals but can also lead to infighting, especially for those that previously operated under an open system.
U.S. SNOOZE? The U.S. News & World Report law school rankings are officially out. Guess what? Elite schools are still elite. Karen Sloan reports on the changes this year—mostly small, a few big.
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