Seyfarth Shaw on Wednesday rolled out more details on how its new merit-based compensation system for associates will work. The new merit levels will be the basis for how much the firm charges clients for associates’ legal services, the firm said.
The Chicago-based firm said last year that it would shift away from the lockstep method of paying associates based on their years of service to a merit-based system. Seyfarth told associates in a meeting Wednesday that pay beyond their first year will be based on their skills in 11 new core competencies, said Jeremy Sherman, a partner in the Chicago office who helped design the new system.
