As law firms across the U.S. begin to roll back associate salaries and move toward a merit-based compensation model, firm leaders speaking at a conference this month pointed to sea changes occurring in the legal industry. With increased capital needs, changes in billing practices and an excess of attorneys, "meganumbers in terms of compensation are just going to disappear," says one recruiter. "We're now a business like every other American business," said one firm chairman.
May 18, 2009 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Editor’s Note: This is the second part in a weekly series from The Legal Intelligencer examining the lasting effects of the current economy on the legal industry. This article has been modified since its original publication.
Ballard Spahr Andrews & Ingersoll Chairman Arthur Makadon told a room full of recruiters this month that compensation models for all nonpartners will see “an absolute change” as partner compensation shifts as well.
Presented by BigVoodoo
Law firms & in-house legal departments with a presence in the middle east celebrate outstanding achievement within the profession.
The premier educational and networking event for employee benefits brokers and agents.
The Legal Intelligencer honors lawyers leaving a mark on the legal community in Pennsylvania and Delaware.
A large and well-established Tampa company is seeking a contracts administrator to support the company's in-house attorney and manage a wide...
We are seeking an attorney to join our commercial finance practice in either our Stamford, Hartford or New Haven offices. Candidates should ...
We are seeking an attorney to join our corporate and transactional practice. Candidates should have a minimum of 8 years of general corporat...
MELICK & PORTER, LLP PROMOTES CONNECTICUT PARTNERS HOLLY ROGERS, STEVEN BANKS, and ALEXANDER AHRENS
