Credit: kulyk/Adobe Stock Partner Compensation Is Changing. Is Your Top Talent Now Underpaid?
Firms must reassess compensation spread to ensure it covers performance of all partners, especially at the top. But this is easier said than done.
October 03, 2024 at 02:52 PM
4 minute read
Lawyer Compensation - Law Firm
Each time a seemingly record-setting compensation level is revealed in the press, we receive a wave of questions from managing partners asking: "Are our top performers paid fairly?" and "Should we increase our compensation spread?"
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Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
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