Introduction

It's been over a week and no firm has yet to announce that it will match Milbank's latest series of raises. Or, more accurately, cost of living adjustments. Meanwhile, Cravath took the plunge on income partnerships, becoming the latest firm to abandon the time-honored one-tier partnership model. And the turmoil over Nixon Peabody's effort to sneak Donald Trump onboard as a client sparks calls for leadership change.