Davis Polk & Wardwell’s decision this week to modify its lockstep compensation formula shows the Big Law talent war is alive and well in the industry’s highest echelons, despite moves by some law firm leaders to batten down the hatches due to the coronavirus pandemic.
The change at Davis Polk comes amid a record-shattering year for the Big Law capital markets practices, an area where Davis Polk has been especially successful.
It also highlights how the pandemic has created winners and losers even among the corporate lawyer set.
Firms that are on top now can further cement their positions by ...
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