Merit Based Compensation

Associate Salaries

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 […]

Killing Lockstep

Nationwide Salary Watch: Morgan Lewis Raises Salaries

We have good news for Morgan, Lewis & Bockius associates. Salary information is in and most people are getting raises. True-up raises at that. The class of 2008 pulled the short straw, but everybody else seems relatively happy. A tipster reports: Please post that yesterday MLB essentially unfroze salaries (most ’08 grades only went up […]

Biglaw

Dickstein Shapiro: New Salary Structure Leaves A Lot of Questions

Add Dickstein Shapiro to the list of firms that have decided to do away with lockstep associate compensation. As of January 22, Dickstein will adopt a new merit-based compensation system. Like many firms that have abandoned lockstep, Dickstein will be using a three-tiered system, similar to Orrick’s compensation structure. Starting salary for new Dickstein associates […]