Another Major Biglaw Firm Thinking About Ditching Lockstep Partner Compensation
All the better to attract top-end legal talent.
Davis Polk Confirms That We’re In The Twilight Of The Lockstep Firm
Another firm transitions away from full lockstep compensation.
Chrometa: Turning Time Into Billable Value For Modern Lawyers
Adoption of Chrometa represents more than a technological upgrade; it reflects a professional philosophy that values accuracy, transparency, and efficiency.
Am Law 100 Firm Raises Salaries… And Infuriates Associates
It takes something special to make people boo a raise.
Associate Bonus Watch: ‘Very Satisfying’ Bonuses — Plus A Pay Scale Overhaul
Another firm moves away from merit-based compensation and back toward lockstep.
Biglaw Firm Announces New Base Salary Scale
This leader in merit- or performance-based compensation is moving back in the direction of a lockstep system, it seems.
Which Biglaw Firm Makes Partners Write Essays To Prove Why They Should Be Paid?
Partners, you better make sure you do your homework at this firm.
Pursuing The Pro Bono Story: A Conversation With Alicia Aiken
This Pro Bono Week, get inspired to give back with PLI’s Pursuing Justice: The Pro Bono Files, a one-of-a-kind podcast hosted by Alicia Aiken.
Associate Bonus Watch: Mixed Feelings — Plus Changes To Base Salaries — At McDermott Will & Emery
So what adjustments did the firm make to its base salary scale?
Biglaw’s Statistical Shortcomings
What are statistics like the billable hour worth, and how can they be improved?
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?
Inside Straight: Analyzing ‘Black-Box’ Compensation
What are the advantages and disadvantages of a "black box" compensation system, in which nobody knows how much anyone else is earning?
Why Your Practice Is Burning Money And How You Can Do Better
Our expert panel explores common sources of profit leakage along with practical steps for improvement.
Inside Straight: Kvetching About Comp
Do lawyers at your corporation complain about their compensation compared to the compensation of their peers within the company? Or are law firm partnerships uniquely vicious in that regard? If so, why?