Credit: Feodora/Adobe Stock Law Firms Seek Flexibility in Revised Partner Comp Systems, Balancing Seniority With Productivity
Though firms have different approaches, the momentum in partner compensation is heading toward merit-based rewards to compete for rainmakers and grow profitability.
December 28, 2023 at 05:00 AM
9 minute read
At the top of the pay scale for partners at the richest law firms in the world sit a select few taking home $25 million or more in annual salary, an indication of the flexibility some firms have in rewarding high levels of performance.
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