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The guarantee that brought M&A star Ethan Klingsberg to Freshfields Bruckhaus Deringer from Cleary Gottlieb Steen & Hamilton was an eye-opener. Recruiter Mark Rosen, who facilitated the move, said Klingsberg would be pulling in a minimum of $10 million each year over his first five years at his new firm.

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Dan Packel

Dan Packel covers change and innovation in the legal services market, and writes a weekly briefing for Law.com, "The Law Firm Disrupted," on these subjects. He is based in Philadelphia. Contact him at dpackel@alm.com. On Twitter at @packeld

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