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Ex-Partner: $1M Salaries Should Satisfy BigLaw Partners
Many partners at America's biggest law firms are simply making too much money, according to former Kirkland & Ellis partner Steven J. Harper, who is now an adjunct professor at Northwestern University School of Law. A "revolution of rising expectations" has led partners to expect much more money than that, leading to instability in law firms as they chase highly paid lateral hires, he tells Bloomberg Law's Lee Pacchia. "You have a hard time explaining or defending why a million dollars a year isn't enough," he says.
