Wake Up Call: As Much As $30 Million ‘New Top Rung’ for Laterals

Welcome to Bloomberg Law’s Wake Up Call, a daily rundown of the top news for lawyers, law firms, and in-house counsel.

• Though $20 million recently seemed to be “the standard of top partner pay” at many elite firms, industry observers say $25 million to $30 million is “the new top rung for valuable laterals” and certain high-performing partners and Big Law leaders. Partner pay is unlike the tech bubble, said one legal search executive. “I don’t think it’s going to burst,” she said. (Law.com)
• Foley & Lardner has poached a three-partner healthcare team from K&L Gates to open ...