Michael Gerstenzang: Cleary Gottlieb CEO Downplays Focus on Lawyer Pay.

Michael Gerstenzang, CEO of US law firm Cleary Gottlieb, believes that the current obsession with lawyer compensation is exaggerated. He emphasizes that people generally seek satisfying careers where they feel respected, engaged, and have positive relationships with colleagues, rather than solely focusing on pay.

The article highlights the continued expansion of US law firms in London over the past decade, with no signs of slowing down. The legal market is currently abuzz with discussions about rapidly increasing salaries at top US firms, with leading partners now reportedly earning up to $20 million annually.

Report by Financial News London