When Law Firms Go Dark on Comp, Partners Open Their Options
Law firms are quietly restructuring how they talk about, and pay, their partners, and the shift is reshaping the lateral market in real time. Jeffrey Lowe, CenterPeak's Market President for Washington, D.C., named the trend for what it is in The American Lawyer:
"The biggest change I've seen over the last three years and something I never really thought I'd see is firms going from open to closed compensation systems, to enable them to be more competitive at the very high end without it causing widespread panic or unhappiness."
When partners lose visibility into what their colleagues earn, the instinct to test the market grows stronger, and CenterPeak is where that conversation starts.
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