Biglaw Firm’s Managing Partner Wonders How ‘Sustainable’ Huge Lawyer Salaries Are
The good times can't last forever, can they? A 'reckoning' may be coming. The post Biglaw Firm’s Managing Partner Wonders How ‘Sustainable’ Huge Lawyer Salaries Are appeared first on Above the Law.
Ed. note: Welcome to our daily feature, Quote of the Day.
I just don’t think other professionals get paid really anything like what lawyers are getting paid. Every year [the industry] gets stronger and bigger and more profitable, but can you keep doing that forever? I can’t think of any industry that keeps doing that forever, there’s always a reckoning. It’s not sustainable, particularly when everybody [focuses] on the same thing.
— Jeremy Hoyland, managing partner of Simmons & Simmons, in comments given to the Financial Times, on the explosive pay raises London lawyers have seen in recent years, driven by salary increases that occurred in the US. “I wonder how sustainable it is,” he said.
Staci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Bluesky, X/Twitter, and Threads, or connect with her on LinkedIn.
The post Biglaw Firm’s Managing Partner Wonders How ‘Sustainable’ Huge Lawyer Salaries Are appeared first on Above the Law.
