Wake Up Call: Latham’s Millions in Pay Ramps Up Partner Pressure

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

• After taking over Latham & Watkins in 2019, Rich Trobman shifted the firm’s compensation structure to reward top performers with multimillion-dollar payouts, increasing competition among partners for credit on deals. The move has bolstered profitability and helped retain talent against rivals, but it also has fueled internal tension in the firm, made partner progression harder, and led to key departures, particularly in Europe. (FN London)
• AMC Entertainment announced that general counsel Kevin Connor will retire on ...