Why are big firms with partners averaging $500K+ a year laying people off? 

Posted: 1:00 am Mon, July 20, 2009
By Mark Cohen

“With a share-the-pain approach, you do it at the risk of losing your most successful rainmakers.” — Attorney/ coach Roy S. GinsburgAccording to American Lawyer’s AmLaw 100 listings, compensation for partners at the state’s two largest law firms averaged between $535,000 and $585,000 in 2008. Yet Faegre & Benson laid off 29 attorneys earlier ...