Nationwide Pay Raise Watch: Locke 'n Loaded

Here is an update / correction to last week’s post about associate compensation at Locke Lord Bissell & Liddell. From Tex Parte Blog (via Sophistic Miltonian Serbonian Blog):

Locke Lord Bissell & Liddell wants to make it clear that the firm has a single associate pay system, says Jerry Clements [pictured], chairwoman of the 721-lawyer firm that formed with the October 2007 merger of Texas’ Locke Liddell & Sapp and Chicago-based Lord, Bissell & Brook. Clements says she did send a 2008 compensation memo to former Locke Liddell associates on Feb. 5, but she also had sent one in late December 2007 to former Lord, Bissell associates.

“There is clearly one structure that applies to everybody,” she says, noting that the firm’s management is in the process of integrating the two associate compensation systems. “The thought that folks would think that we would have two different compensation structures within one firm would be a little bit amazing to me,” says Clements, a partner in Austin.

Clements says the firm sent two memos because Lord, Bissell associates were accustomed to receiving a salary memo in December, and Locke Liddell associates usually received one by early February. Clements says the February memo addressed to “Legacy LLS associates” was more detailed, however, because management had settled on a new deferred-compensation component by then. “What’s causing the blog upset is that the Lord memo did not include the deferred compensation piece because we had not decided on it yet,” says Clements, referring to a Feb. 12 posting on the Above the Law blog. Since Feb. 5, management has been tweaking the associate compensation system, Clements says. The firm sent an updated compensation memo to all 285 associates on Feb. 14, spokeswoman Julie Gilbert says. She declines to provide a copy, saying it’s confidential.

If you have a copy, send it our way, and we’ll post it. Thanks.
Locke Lord clarifies it is indeed a big tent [Sophistic Miltonian Serbonian Blog]
One for all [Tex Parte Blog]

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