This should be a wake-up call to partners everywhere: the cost of not enhancing the value proposition for associates can now be quantified as the multiyear decline in PPP resulting from this latest transfer of monies from partner profits to fixed associate comp.
— Law firm strategist Hugh Simons, commenting on the fact that there are other ways to attract and retain associates, aside from huge salaries. Perhaps if associates had been offered other perks, they’d be more inclined to remain with their current firms than enter the lateral market.
How LexisNexis State Net Uses Gen AI To Tame Gov’t Data
Its new features transform how you can track and analyze the more than 200,000 bills, regulations, and other measures set to be introduced this year.
Staci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Twitter or connect with her on LinkedIn.