(Credit: charnchai saeheng/Adobe Stoc) Elite Firms Revisit Comp Formulas as Star Talent Has 'Extraordinary Leverage'
As firms move partner pay systems away from favoring seniority toward favoring productivity, cultural challenges ensue.
September 29, 2023 at 11:52 AM
7 minute read
Law Firm Competition
As recent years' economic cycles highlight the financial disparities between different practice areas, and partner pay surpasses $20 million at some firms, firm leaders have a reinvigorated interest in comparing their partner compensation system with their peers.
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