$20M and Still Going: Is Partner Pay a Bubble? | The American Lawyer

“It’s not like the tulip bubble or the tech bubble,” said Alisa Levin, co-founder of the legal search firm Greene-Levin-Snyder, adding that it could slow or stall but “I don’t think it’s going to burst.”

Not long ago, $10 million annually was an astronomical sum for even the highest-profile lateral partners. More recently, $20 million—once “unheard of”—seemed to be the standard of top partner pay at the most elite firms. Now, according to some industry observers, $25 million to $30 million is the new top rung for valuable laterals, high-performing partners and some Big Law leaders: still very rare, but previously unfathomable, and another checkpoint along the route that has Big Law looking more like the big businesses they count as clients.

Source: $20M and Still Going: Is Partner Pay a Bubble? | The American Lawyer