Bloomberg Law article quotes Edwards Gibson in: “Big Law Risks Sharp Elbows as Firms Heap Massive Pay on Stars”.

Edwards Gibson’s research and insights were featured in Bloomberg Law’s recent article, “Big Law Risks Sharp Elbows as Firms Heap Massive Pay on Stars,” by Roy Strom. The article discusses the growing impact of soaring partner compensation on law firm culture and competitiveness, with firms offering record-breaking pay packages to secure and retain top talent.

Data provided by Edwards Gibson underscores the sharp rise in partner compensation, which has led to an increasingly competitive and, at times, cutthroat environment within firms. As firms prioritize rainmakers with exceptional client relationships, the traditional collaborative culture is being replaced by a more individualistic, results-driven approach.

Scott Gibson, Director at Edwards Gibson, was quoted in the article, commenting on the rise of a “star culture” within firms, where partners are increasingly incentivized to prioritize their earnings potential over firm cohesion. He pointed out that the surge in pay is driving behavioural shifts, with top partners frequently exploring opportunities to maximize their compensation.

The article also examines how firms are balancing the need to reward top talent while maintaining internal harmony, with some firms implementing structural changes to accommodate high-performing partners without disrupting the broader firm dynamic.

Read the online version of Bloomberg Law article (paywall) here.