#partner-compensation

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Above the Law
1 month ago
Law

Massive Partner Paydays Are The New Hotness In Biglaw

Biglaw firms pay top partners $20 million annually, leading to separation of industry leaders. [ more ]
Above the Law
1 month ago
Law

The New Partner Payday Gold Standard: $20 Million

$20 million becoming common in Biglaw due to top talent retention and competition. [ more ]
Above the Law
5 months ago
Law

This Top Biglaw Firm Is Going Against The Grain On Partner Compensation And Succeeding

Covington & Burling, a successful Biglaw firm, does not use billing or origination credits for partner compensation.
The firm's compensation is based on overall contributions, including client relationships, creative work, pro bono efforts, and firm committee work. [ more ]
Above the Law
5 months ago
Law

Paul Weiss Goes Dark On Compensation

Paul Weiss is adopting a "black box" system for partner compensation to reduce tensions and attract top lateral partners.
The firm is also planning to increase the bonus pool for partners to accommodate spikes in profitability. [ more ]
Above the Law
5 months ago
Law

Morning Docket: 01.16.24

Firms offering black box partner comp may not value the self-worth of senior lawyers
Judge rules that a law professor didn't meet the terms of a sanction order [ more ]
Above the Law
5 months ago
Law

Another Major Biglaw Firm Thinking About Ditching Lockstep Partner Compensation

Clifford Chance is considering changing its lockstep partner compensation model to attract top rainmakers.
The firm has previously introduced mechanisms to its 100-point lockstep, allowing for more flexibility and higher compensation for star performers. [ more ]
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