Former Kirkland & Ellis partner Steven Harper takes a look at this NALP explanation of changes in salaries for new lawyers and sees a gloomy future. In "Bad Numbers Revealing Worse Trends," he says that law firm prosperity is being propped up by nonequity partners, and he takes Big Law managing partners to task for their shortsightedness:
Some leaders have decided that maximizing current equity partner profits is more important than securing, training, and developing a future generation of talent for their law firms. Sooner than they realize, their firms will suffer the tragic consequences of that mistake.
