$ IN TEAM – Attorneys might say that they’re team players, but law firms are asking them to show their work for partner compensation reviews. Some Big Law law firms are reshaping their partner compensation reviews by emphasizing collaboration, Andrew Maloney reports. The committees that dictate the distribution of profits are asking attorneys to highlight “not just what I did, but what I did to help others and what others did to help me,” said Lisa Smith, a law firm consultant and principal at Fairfax Associates. Smith said the revised review process is part of an effort to ensure partners are buying into maximizing law firms’ capabilities for clients.
REG RISK – Under Elon Musk’s helm, nearly all of Twitter’s senior legal leadership has either resigned or been fired. With a lean legal crew, some observers wonder whether the company can abide by the terms of a consent decree it entered into with the Federal Trade Commission for misleading users about privacy protections, Maria Dinzeo reports. “I have a lot of experience sitting across the table with regulators, and one of the things that really makes their skin crawl is when their consent orders are not complied with,” said Robert Foehl, a professor of law and business ethics at Ohio University. Twitter might have reason to be on notice, with an FTC spokesperson saying last month that the agency is keeping a close watch on developments at the social media company.
