Massive Partner Paydays Are The New Hotness In Biglaw
The richest Biglaw firms are paying their partners like it.
There really seems to be a breakaway moment that’s happening. There are industry leaders who are separating themselves in a positive way from their peers.
—Michael McKenney, senior client adviser in Citi’s Global Wealth at Work Law Firm Group, tells Bloomberg Law about the move at top Biglaw firms to pay big bucks to their top performing partners. Increasingly Biglaw firms are paying rainmakers $20 million a year — even if it means revamping the partner compensation structure.
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