Baker McKenzie is determined to rise in the profitability ranks by attracting top lateral talent with competitive, market-driven compensation packages that support growth.
The firm’s strategy involves offering two- to three-year cash or shares guarantees for top partners, a move that reflects their aim for significant profit increases.
Colin Murray emphasized the importance of paying market-level compensation to attract the best talent, aiming to boost their profits per equity partner to join the top 25 firms.
The firm is shifting from a middle market presence in M&A to a more prominent player, focusing on attracting high-quality talent and catering to key industries.
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