Baker McKenzie Moves Toward Black Box System for Equity Partner Pay
The global legal giant quietly implemented a closed compensation system for its equity partners across its offices in North America last August.
March 12, 2019 at 05:30 AM
4 minute read
Note: This story has been updated following a response from the firm.
Baker McKenzie quietly moved toward a black box compensation system for its equity partnership in North America at the end of last summer, The American Lawyer has learned.
The leadership of the 4,719-lawyer firm made the change to its equity partner compensation model following the end of its 2018 fiscal year, which ran from July 1, 2017, to June 30 of last year, said multiple sources with knowledge of the firm's decision.
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