Navigating Compensation Trends in 2023: Ensuring Fair Pay in the Legal Sector
Over the past decade, the legal industry has undergone substantial transformations, prompting law firms and in-house legal departments to continually adjust their compensation strategies to attract and retain top talent. In 2023, evaluating whether you are underpaid is more crucial than ever, given the salary increments, shifts in bonus structures, and the emergence of new […]
Biglaw Partners: Are You Capturing A Fair Share Of Your Revenue?
If you are a Biglaw partner, you may have heard this compensation rule of thumb: you should be taking home a third of the revenue you generate for the firm. The 33% rule has the advantage of being simple, and it makes for a reasonable starting point. But to really know whether you are capturing […]
Top 6 Reasons Why Your Partner Compensation Isn’t Higher
If you feel like you are always fighting to make a few more bucks at your current law firm, and you wonder whether other firms would value your practice more, we have a few general rules of thumb that help explain why you are likely hitting a plateau. 1) RPL v. PPP. True to the […]