In a radical departure from the status quo, Howrey is getting rid of lockstep compensation for its associates.

The 630-lawyer firm said it will introduce a merit-based system of advancement and compensation for associates at the beginning of next year. Most big firms pay their associates based on seniority, but with the latest round of associate salary raises, some firms are turning to new schemes.

This content has been archived.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 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]