What You Need to Know

• Increasing bonus pools, redrawing lines between equity and nonequity partners and expanding credits to go beyond origination are a few ways firms are changing partner pay.
• Firms have been making such moves for at least the last decade, but their use has arguably accelerated.
• 'On the compensation side, we're always looking to thread the needle to where our rates are fair to clients and where we can demonstrate that we value our top talent,' one firm leader said.