We have to step away from the computer for a bit. We’re about to miss the Chinatown bus up to New York, our oh-so-glamorous mode of travel.
But we’re leaving this open thread about salaries to keep you entertained in the meantime. And content will be posted at ATL in our absence, so do check back soon.
To kick start the compensation conversation, here’s some scuttlebutt about DLA Piper. Check it out, after the jump.
From a DLA Piper tipster, earlier this week:
This may be an interesting item for your next SkaddenFreude piece. DLA Piper, which nominally announced they would match market raises, informed many Associates [this week] that because they didn’t bill at a levels approaching bonus territory (1900-2000 hours is my guess), they are having their salaries held back. In other words, they won’t be receving the market increases that DLA Piper is projecting to the world that they are paying all of their Associates.
I know that this is the case because it happened to me and many of my colleagues. Associates here are in an uproar. The managment of this firm has been consistently underhanded about compensation issues. Associates here aren’t sitting on their asses refusing work. There just isn’t enough work. The firm, however, has decided not to hold back our billing rates. A fourth year Associate that is now being paid like a third year will still be billed at fourth year rates. I wonder where all that extra revenue is going to go?