Former Boies Schiller attorneys commend the shift to a banded system, although some say the firm could have avoided many of the 40-plus partner departures if compensation had changed earlier this year.
September 30, 2020 at 05:00 AM
1 minute read
The original version of this story was published on The American Lawyer
Boies Schiller Flexner has instituted a new 10-tier banded partner compensation system and has moved away from the formula-based, eat-what-you-kill system that defined the firm since its founding.
Experts and sources with knowledge of the firm say the new system modernizes Boies Schiller to align it with compensation systems of other big firms. But some observers think the changes came too late and cannot undo the damage done by a string of departures earlier this year.
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Natasha Harrison and Nicholas Gravante of Boies Schiller Flexner. Photo: Carmen Natale/ALM
