Partner defections from Cravath, Swaine & Moore are so rare that when they happen, it’s major news. Without exception, such events generate predictions that the firm’s lockstep compensation structure is doomed. Scott Barshay’s move to Paul, Weiss, Rifkind, Wharton & Garrison provides the latest fodder for such false prophets.
From The Wall Street Journal: “The move raises questions about the ability of law firms that tie partner compensation to seniority to retain top talent during an M&A boom.”
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