In the midst of aggressive efforts in lateral partner hiring, leaders at Paul, Weiss, Rifkind, Wharton & Garrison have decided to obscure compensation among the firm’s partners, according to people with knowledge of the firm.
The adoption of a nontransparent pay system comes as leaders at Paul Weiss seek to reduce tensions among partners as the firm widens the spread of compensation with large investments in recruiting and retaining rainmakers from competitors, the people said. In 2023, Paul Weiss recruited a trio of Kirkland & Ellis transactions partners believed to have scored $20 million in annual pay.
