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 […]
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 […]
Legal work isn’t slowing down, and the firms that win won’t be the ones working harder — they’ll be the ones working smarter.
If work is slow and you need a good chunk of hours to meet your billable target or to be eligible for a bonus, what’s your best bet for boosting your billables? According to the 884 respondents to Tuesday’s survey, pro bono work. About 68% of respondents say their firms give billable credit for at […]
Lately, many of you have been quite the busy billers, even working on MLK Day and Presidents Day. What undoubtedly keeps most associates on the clock on holidays (and pretty much every day of the year) is client billable work. But are there other kinds of activities for which your firm will give you billable […]
Thank you for all your responses (or attempted responses) to this week’s Career Center survey on whether or not you worked on Presidents Day. We received 715 responses before the flood of respondents managed to take the survey offline. Based on the responses we did receive, the majority of respondents – 73% – reported working […]
Last month, we reported that 66% of survey respondents had to work on Martin Luther King, Jr. Day, with 32% of respondents’ firms not even recognizing it as an official firm holiday. In today’s Career Center survey, brought to you by Lateral Link, we want to find out whether you were on or off the […]
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In Part 1 of the Career Center survey results on debt, we reported that 85% of the 3,700 survey respondents have outstanding student loan debt, with more than half of them owing $100,000 or more. We also found that 75% of respondents considered their debt at least as much as other factors when deciding on […]
We received an overwhelming number of responses – 3,700 – to last week’s Career Center survey on debt and how it contributes to your decision on where to work. We will introduce an overview of the results today, and present a more detailed analysis later in the week. Overall, 93% of respondents report being in […]
Not too long ago – you know, when Biglaw firms were begging law students to work for them, no one cared about law school transparency, and having a J.D. guaranteed you a long and prosperous career – signing yourself up for six figures of crushing law school debt didn’t seem like such a big deal. […]
In Tuesday’s survey, we asked whether you left your firm after collecting your 2010 year-end bonus (paid in December for 43% of respondents). About 14% of respondents reported jumping ship after their bonus checks cleared, while another 8% were in such a hurry to leave that they couldn’t bother waiting around for their bonus money. […]
Law firms and legal departments are writing the future of the profession in separate rooms. What happens when they actually work together?
Earlier this month, we surveyed you to find out how satisfied you were with your 2010 year-end bonus. Half of all associates whose firms had announced bonus payments reported dissatisfaction with their year-end bonuses. In today’s survey, we want to find out how many of you are actually going to put your money where your […]
We received over 1,300 responses to this week’s Career Center survey on whether you made MLK Day “A Day On, Not A Day Off” — for your employer. The majority of respondents, 66 percent, reported working on Martin Luther King Jr. Day. Not surprisingly, the top reason for putting in extra billable hours was that […]
When it comes to working on holidays, we all know that Biglaw attorneys are some of the worst offenders. In today’s Career Center survey, brought to you by Lateral Link, tell us if you were off on Martin Luther King Jr. Day, or if it was just business as usual. Then check back later this […]
In a previous post, we revealed that 73% of respondents to our survey met their minimum billable requirements last year. Today, we find out whether associates were satisfied with receiving 2009-level bonuses for a busier 2010. Let’s see what the survey says….
After a year like 2009 (aka the worst year ever for Biglaw), 2010 was bound to be better. According to the nearly 1,000 survey responses we received, 2010 did in fact turn out to be a busier year for most associates. An impressive 73% of respondents hit their firm’s minimum billable hours requirements or unofficial […]