Wake Up Call: Latham Okays ‘Super Points’ to Pass $20M Pay Mark

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

• Latham & Watkins’ partners have approved the use of “super points” in its pay system to allow stars to take home more than $20 million per year, amid a “fierce pay battle” among elite US firms. Major firms are also using defensive measures to hold onto their partners, including Kirkland & Ellis, which approved a policy on Tuesday that will allow the firm to cut payouts to departing partners. (Financial News)
• London has been the focus of ...