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Law Practice

Feb. 11, 2011

In the Lateral Additions 'Game’ — The Bear Chase Is on

Lateral transfer partners who are getting paid more than longer-term partners have created an internal strain in large law firms. By Edwin B. Reeser.


Many recently added lateral transfer partners are receiving compensation packages that are higher, in some cases significantly higher, than longer term partners in the new firm who have comparable metrics (personal billed hours, book of business). In the increasingly opaque, if not downright blacked out, systems of partner compensation that have been evolving in large law firms over the past decade, this has permitted covert reallocations of income to the upper tiers of pa...

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