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Leave, but stay as long as possible to settle cases and get as much % of that 3.5 as possible. Depending on how far along the cases are, if you refuse to alter your original employment contract and they try to fire you, you may have a legitimate claim against them. You should consult employment counsel to advise you on how to respond and what to do
I definitely agree with the comment above. It sounds like it is time to start looking for something new and there are plenty of good law firm jobs out there, you just have to find them. I would defintiely try to settle as many cases as you can in the meantime though.