Killing Lockstep
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Associate Salaries, Biglaw, Bonuses, Killing Lockstep, Money
Associate Bonus Watch: 'Very Satisfying' Bonuses -- Plus A Pay Scale Overhaul
Another firm moves away from merit-based compensation and back toward lockstep. -
Baseball, Biglaw, Billable Hours, Killing Lockstep, Money, Partner Issues, Partner Profits, Sports
Biglaw's Statistical Shortcomings
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Are Small Firms Going Big On Legal Tech?
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Akin Gump, Associate Salaries, Biglaw, Killing Lockstep, Money
It's Mid-January. Do You Know Where Your Raise Is?
Associates at two top law firms freak out over fears of not getting their annual pay raises.
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Biglaw, Dewey & LeBoeuf, Killing Lockstep, Money, Partner Issues, Partner Profits
Biglaw: It's Not All About the Benjamins
What is the secret to success at Cravath and similar firms? And what is the secret to making partner at a place like Cravath? -
Associate Bonus Watch 2011, Associate Salaries, Biglaw, Bonuses, Killing Lockstep, Money, Partner Issues
Associate Bonus Watch: Baker Botts Bounty
Baker Botts bonuses are out. How are they looking? -
Associate Salaries, Biglaw, Career Center, Job Survey, Killing Lockstep, Money, Shameless Plugs, This Is an Ad
Career Center Survey Results: Comparing Compensation Systems
Back in 2009, when killing lockstep was all the rage, a number of large law firms announced that they would be moving to some form of a merit-based compensation system. Now that we’re a few years into those systems, how many firms have stuck with the plan? And which systems do associates prefer? Of the […] -
Biglaw, Conferences / Symposia, Fenwick & West, Howrey LLP, Killing Lockstep, NALP, National Association for Law Placement (NALP)
NALP 2011: Performance-Based Compensation Systems
The official title of the NALP conference panel that I attended on merit-based compensation contained a playful shout-out to Sarah Palin: “How Is That Performance-Based Compensation System Working for Ya?” The panel was originally supposed to have featured a representative of the now-defunct Howrey law firm. So the snarky answer to the question presented might […] -
Advertising, Associate Salaries, Biglaw, Bonuses, Job Survey, Killing Lockstep, Money, Shameless Plugs, This Is an Ad
Career Center Survey: Comparing Compensation Systems
In the throes of the recession, many Biglaw firms jumped on the bandwagon to kill lockstep compensation in favor of a more merit-based system (though some have already fallen off the bandwagon). With a variety of compensation models currently in use among firms today, we want to hear from you about how you get compensated […] - Sponsored
How AI Is The Catalyst For Reshaping Every Aspect Of Legal Work
Findings from the "Future of Professionals Report," based on a survey of 1,200 professionals from North and South America and the UK. -
Associate Salaries, Biglaw, Killing Lockstep, Money
Associate Salary Watch: Big (and Good) News from Winston & Strawn
Well that didn’t take long, did it? On Tuesday afternoon, we wrote about associates at Winston & Strawn who were upset over the lack of news on seniority-based salary bumps. Since we’re well into a new year, associates at top law firms should be getting raises, with first-years becoming second-years ($160K to $170K), second-years becoming […] -
Killing Lockstep
Morgan Lewis: Anticipates Large Bonus Pool and Not Moving Towards Merit-Based Compensation
Morgan Lewis & Bockius associates: your long nightmare might be at an end. All the way back in July of 2009, MLB became one of the first firms to announce its intention to do away with lockstep compensation. Back then, the firm was still in the teeth of the recession, it had canceled its 2010 […] -
Associate Salaries, Biglaw, Bonuses, Killing Lockstep
Nationwide Pay Raise Watch: Orrick
While expressing a commitment to maintain its new, incredibly transparent, merit-based salary structure, Orrick is moving its base salary back to reaffirming its commitment to $160,000 for first-year associates working in major markets. That’s right, the time for $145K in big offices is almost at an end. UPDATE: Initially spokespeople from Orrick termed the move […] -
Associate Salaries, Biglaw, Bonuses, Killing Lockstep
In Boston, Merit-Based Compensation Could Be Taking Hold
It must be a slow news week over in mainstream media land. Earlier this week, the New York Times did a survey piece about American salary cuts that tangentially touched on lawyer salaries — old news for people on top of the legal market, but probably new to a more general audience. Today, the Boston […] -
Associate Salaries, Killing Lockstep
Biglaw Salary Stragglers: Foley & Lardner
We’ve done a number of reports over the last few weeks on salary cuts of 2009 that are being reversed in 2010. Sure, some firms are still trying to be cute when it comes to associate pay. But many Biglaw firms are back on the $160K scale for associate salaries, at least in major markets. […]
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How AI Is The Catalyst For Reshaping Every Aspect Of Legal Work
Findings from the "Future of Professionals Report," based on a survey of 1,200 professionals from North and South America and the UK.
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Are Small Firms Going Big On Legal Tech?
Please help us benchmark your firm against your peers through this (always) brief and anonymous survey and enter for a chance to win a $250…
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Early Adopters Of Legal AI Gaining Competitive Edge In Marketplace
How to best leverage generative AI as an early adopter with ethical use.
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Associate Salaries, Killing Lockstep, Texas
Baker Botts Releases New Merit-Based Compensation Levels
Back in November, Baker Botts told us that they would be moving away from a lockstep associate compensation system and instituting a new merit-based system. Yesterday the firm released the base salary levels for its new four-tiered system. Here’s the statement from the firm regarding the basic changes: The next phase of a talent management […] -
Akin Gump, Associate Salaries, Killing Lockstep
Akin Gump Back to $160K: Another Merit-Based Plan Offers Market-Level Base Salaries
It started with DLA Piper. After offering recession salaries to associates for a while under the guise of merit-based compensation, DLA relented earlier this month and restored the $160K base salary scale to its associates. Yesterday, WilmerHale announced that while it too is going forward with a merit-based compensation plan, it will be offering base […] -
Associate Bonus Watch 2010, Associate Salaries, Biglaw, Bonuses, Killing Lockstep, Money, Sheppard Mullin
WilmerHale Brings Clarity to Its Merit-Based Compensation Program
The heady days of the “mutually assured destruction” approach to associate compensation by Biglaw firms are behind us. But some associates would still like to see how they are doing in comparison to their colleagues at other firms. A tipster recently wrote us: Can you do a post requesting commenters to post grade schedules a […] -
Biglaw, Howrey LLP, Killing Lockstep
Legal Press More Fascinated By Apprenticeship Programs than Law Firms
A year ago, Howrey announced that it was slashing first-year starting salaries and radically changing its first-year program. Drinker Biddle had adopted a similar “apprenticeship” approach a few weeks before Howrey. Aside from Howrey, Drinker Biddle, and some firm in Kentucky, no other law firm has tried to sell below market salaries and intensive “training” […] -
Biglaw, Killing Lockstep, Law Firm Mergers, Partner Issues, Sonnenschein
Law Firm Merger Mania: Sonnenschein to Merge with Denton Wilde
Sonnenschein isn’t going to let the recession slow down its expansion. Back during the heart of the recession, Sonnenschein saved around 100 lawyers from the sinking Thacher Proffitt. Today brings news that Sonnenschein has expanded its reach across the Atlantic Ocean. The firm has proposed a merger with U.K.-based Denton Wilde, to form SNR Denton. […] -
Associate Bonus Watch 2009, Associate Salaries, Bonuses, Killing Lockstep, Money, Salary Freeze
Nationwide Pay Raise Watch: Pillsbury Winthrop
Back in February, we wrote about various compensation developments over at Pillsbury Winthrop. At the time, the firm said it was considering moving away from a lockstep model in favor of a more performance-based compensation system. The firm has not yet killed killed lockstep — a move that has historically generated mixed to negative reviews […] -
Associate Salaries, Killing Lockstep
Nixon Peabody: This is What Salary Raises Look Like Without Lockstep
Nixon Peabody is one of the firms that has moved towards a merit-based pay structure. The firm also cut starting salaries down to $145K a year ago. So you’d think that any information on a Nixon Peabody salary raise would be greeted favorably. Not so much. A tipster tells us: I can confirm that I […]