As an equity partner with a financial stake in your firm and responsibilities to maintain it, aren’t you entitled to know how compensation is being allocated to you and your colleagues?
Arguments for transparent partner compensation appear to be compelling enough to keep legacy systems in place at the majority of Am Law 100 firms. But the advantages of a closed, or “black box,” system—i.e. avoiding the infighting that might result from high paydays for rainmaking laterals—has been compelling enough for some firms to make a change.
