Credit: Andrey Popov/Adobe StockTo Ease Partner Pay Tensions, Some Law Firms Are Seeking 'Middle Ground' in Transparency
Firms are taking a variety of approaches to relieve the internal tension that comes from releasing partner pay data.
December 02, 2024 at 11:00 AM
5 minute read
What You Need to Know
- Openness is a key part of many firms' pay systems. But more leaders are considering releasing numbers in bands over precise figures.
- Some firms have considered obscuring a partner's pay numbers for at least the first handful of years they're in the partnership.
As law firms adjust compensation schemes for rainmakers and top laterals, firm leaders are mulling middle-ground approaches to partner pay transparency.
That can include releasing partner pay data in bands rather than showing precise numbers, or obscuring pay data for the first few years of partnership, say legal recruiters and consultants.
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J. Brugh Lower of Gibbons has entered an appearance for industrial equipment supplier Devco Corporation in a pending trademark infringement lawsuit. The suit, accusing the defendant of selling knock-off Graco products, was filed Dec. 18 in New Jersey District Court by Rivkin Radler on behalf of Graco Inc. and Graco Minnesota. The case, assigned to U.S. District Judge Zahid N. Quraishi, is 3:24-cv-11294, Graco Inc. et al v. Devco Corporation.
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Attorneys from A&O Shearman has stepped in as defense counsel for Toronto-Dominion Bank and other defendants in a pending securities class action. The suit, filed Dec. 11 in New York Southern District Court by Bleichmar Fonti & Auld, accuses the defendants of concealing the bank's 'pervasive' deficiencies in regards to its compliance with the Bank Secrecy Act and the quality of its anti-money laundering controls. The case, assigned to U.S. District Judge Arun Subramanian, is 1:24-cv-09445, Gonzalez v. The Toronto-Dominion Bank et al.
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