More Firms To Do The Unthinkable: Slash Partner Pay

Law360, New York (June 25, 2013, 10:41 PM EDT) -- The drastic compensation reductions that befell 30 Weil Gotshal & Manges LLP partners is a frightening glimpse of what lays ahead: more firms cutting partner pay and playing hardball in public.

The pay reductions, announced Monday alongside associate and staff layoffs, are a visible display of a more hard-line approach to attorney performance, an attitude that had in recent years been kept largely behind closed doors as firm leaders managed morale and image, experts told Law360.

“In the case of Weil, they went with a draconian...
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