Fisher & Phillips announced Thursday that it has raised its associates' annual salaries by about $10,000. Half of the increase will show up in associates' paychecks; the other half will be paid in a year-end lump sum to associates who invoice clients three times the amount of their base salary, in addition to meeting the firm's billable hours target. The firm's chairman said the goal is to encourage associates to work efficiently rather than strictly focusing on billing hours.
June 11, 2010 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Fisher & Phillips announced Thursday that it has raised its associates’ annual salaries by about $10,000.
Half of the increase will show up in the associates’ paychecks, and the other half will be paid in a lump sum at the end of the year for associates meeting performance standards, said the firm’s chairman, Roger K. Quillen. That sum is on top of the existing bonus system, he added.
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