{"id":109413,"date":"2025-02-27T14:09:11","date_gmt":"2025-02-27T22:09:11","guid":{"rendered":"https:\/\/xira.com\/p\/2025\/02\/27\/biglaw-firms-managing-partner-wonders-how-sustainable-huge-lawyer-salaries-are\/"},"modified":"2025-02-27T14:09:11","modified_gmt":"2025-02-27T22:09:11","slug":"biglaw-firms-managing-partner-wonders-how-sustainable-huge-lawyer-salaries-are","status":"publish","type":"post","link":"https:\/\/xira.com\/p\/2025\/02\/27\/biglaw-firms-managing-partner-wonders-how-sustainable-huge-lawyer-salaries-are\/","title":{"rendered":"Biglaw Firm\u2019s Managing Partner Wonders How \u2018Sustainable\u2019 Huge Lawyer Salaries Are"},"content":{"rendered":"
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Ed. note<\/u>: Welcome to our daily feature, Quote of the Day<\/a>.<\/em><\/p>\n

I just don\u2019t 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\u2019t think of any industry that keeps doing that forever, there\u2019s always a reckoning. It\u2019s not sustainable, particularly when everybody [focuses] on the same thing.<\/strong><\/p>\n

\u2014 <\/i>\u00a0<\/strong><\/em>Jeremy Hoyland<\/a>, managing partner of Simmons & Simmons, in comments given to the Financial Times<\/a>, on the explosive pay raises London lawyers have seen in recent years, driven by salary increases that occurred in the US. \u201cI wonder how sustainable it is,\u201d he said.<\/em><\/strong><\/p>\n

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\"Staci
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Staci Zaretsky<\/a>\u00a0is a senior editor at Above the Law, where she\u2019s worked since 2011. She\u2019d love to hear from you, so please feel free to email<\/a> her with any tips, questions, comments, or critiques. You can follow her on\u00a0Bluesky<\/a>,\u00a0X\/Twitter<\/a>, and\u00a0Threads<\/a>,\u00a0or connect with her on\u00a0LinkedIn<\/a>.<\/em><\/strong><\/p>\n

The post Biglaw Firm\u2019s Managing Partner Wonders How \u2018Sustainable\u2019 Huge Lawyer Salaries Are<\/a> appeared first on Above the Law<\/a>.<\/p>\n

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<\/figcaption><\/figure>\n

Ed. note<\/u>: Welcome to our daily feature, Quote of the Day<\/a>.<\/em><\/p>\n

I just don\u2019t 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\u2019t think of any industry that keeps doing that forever, there\u2019s always a reckoning. It\u2019s not sustainable, particularly when everybody [focuses] on the same thing.<\/strong><\/p>\n

\u2014 <\/i>\u00a0<\/strong><\/em>Jeremy Hoyland<\/a>, managing partner of Simmons & Simmons, in comments given to the Financial Times<\/a>, on the explosive pay raises London lawyers have seen in recent years, driven by salary increases that occurred in the US. \u201cI wonder how sustainable it is,\u201d he said.<\/em><\/strong><\/p>\n

\n
\"Staci
<\/figcaption><\/figure>\n

Staci Zaretsky<\/a>\u00a0is a senior editor at Above the Law, where she\u2019s worked since 2011. She\u2019d love to hear from you, so please feel free to email<\/a> her with any tips, questions, comments, or critiques. You can follow her on\u00a0Bluesky<\/a>,\u00a0X\/Twitter<\/a>, and\u00a0Threads<\/a>,\u00a0or connect with her on\u00a0LinkedIn<\/a>.<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Ed. note: Welcome to our daily feature, Quote of the Day. I just don\u2019t 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\u2019t think of any industry that keeps doing that […]<\/p>\n","protected":false},"author":3,"featured_media":109414,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16],"tags":[],"class_list":["post-109413","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-above_the_law"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/xira.com\/p\/wp-content\/uploads\/2025\/02\/Staci-Zaretsky-RlHTcc.jpeg?fit=150%2C100&ssl=1","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/posts\/109413","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/comments?post=109413"}],"version-history":[{"count":0,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/posts\/109413\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/media\/109414"}],"wp:attachment":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/media?parent=109413"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/categories?post=109413"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/tags?post=109413"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}