[Skadden’s partner] compensation structure doesn’t allow them to get to the top of the market. And that has made them vulnerable.
—An anonymous recruiter speaking with Law.com’s Patrick Smith about the recent run of high profile departures from elite Biglaw firm Skadden — despite the firm’s stellar reputation. One issue potentially impacting the firm in the partner market is compensation. The firm reportedly tops out in the $14 million to $16 million range, behind the top of market benchmark of $20 million.
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