We've long known that the gap in wealth and earnings between the haves and the have-nots has the potential to undermine the very foundation of American society. We're referring, of course, exclusively to attorneys. The young bottom-of-the-food-chain document reviewers toiling for a meager pittance can scarcely behold the salaries of their superiors. And it's getting worse; the WSJ reports that "traditional notions of pay equity are falling by the wayside."
Now some top rainmaker partners at firms in New York, Los Angeles, Washington and Chicago earn $10 million or more a year, compared with $640,000 for the average partner at a U.S. firm, said Jeffrey Lowe, a managing partner at the legal recruiting firm Major, Lindsey & Africa.