Highest paid partners make 10x more than colleagues

June 5, 2013 There is a growing divide between the biggest rainmakers at large law firms and their colleagues, according to Steven Harper, the Northwestern professor and author of 'The Lawyer Bubble: A Profession in Crisis'. Harper show that the highest-paid Biglaw partners used to make three times more than their run-of-the-mill colleagues. Today, rainmakers can pull down ten times more.

The present situation derives from a frenzy of lateral hiring, in which partners bringing in a large book of business are lured in with generous pay packages. This strategy has been criticised as uneconomic and destructive of firm culture.

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