Midsize Firms Prefer Open-Compensation Models

While Big Law leaders and recruiters seem to agree that a closed-compensation model is the best fit for large firms, midsize firm leaders appear to have a very different philosophy. Many midsize firm leaders and experts believe that an open-compensation system is the best way to avoid conflict and maintain positive morale. Consultant Jeff Coburn says more and more firms these days have a "glasnost" philosophy when it comes to firm financials, a trend toward transparency that has existed for the past 20 years.