Partners at big law firms now average upward of $3 million a year in compensation, reports The Wall Street Journal.
As if all that wasn't bad enough for bankers, The Wall Street Journal recently reported that even lawyers are now making more money than them!
It turns out the culprit, as is often the case on Wall Street, is inflation.
Most large law firms increase their rates by about 4% annually, according to the WSJ.
It's getting really tough these days to make the case for getting into investment banking.
Persons:
It's, —, Robert Kindler's, Morgan Stanley, Paul Weiss —, hasn't
Organizations:
Wall Street, Wall, Morning, Street Journal