X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
W ilson Sonsini Goodrich & Rosati associates won’t get credit anymore for the new business they bag for the firm.

The firm circulated a memo last month to associates outlining the reversal of its long-standing policy of letting associates take credit for new clients. The firm also will no longer let associates open new matters or bill clients, moving those responsibilities to partners.

The decision regarding so-called “origination credit” is a big change for Wilson. Wilson partners and associates said eliminating origination credits for associates is part of the firm’s attempt to shift away from an “eat-what-you-kill” model that encourages lawyers to work only on their own clients. The model has created tension between partners who service long-standing clients and those who got credit for bringing them to the firm.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]

 
Reprints & Licensing
Mentioned in a Law.com story?

License our industry-leading legal content to extend your thought leadership and build your brand.

 

ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.