Creating an income tier in the partnership gives us more flexibility to attract, promote, and retain the most sought-after talent in a very competitive market. That's a win for our clients, the firm, and our lawyers, who gain another pathway for advancement.
Biglaw firms are making major moves on partnership and compensation in order to recruit and retain rainmakers and to calm dissension within their ranks - and we can expect more firms to follow the leader in the years to come.
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