Howrey following in Jones Day's footsteps by switching to merit-based pay

Howrey's recent announcement that it would discard lockstep compensation for its associates in favor of merit-based pay garnered lots of attention over the summer. But to lawyers at Jones Day, the giant 2,200-lawyer law firm, it's nothing new. "We've always been a one-guy-at-a-time, merit-based firm," says Joe Sims, a Jones Day litigator since 1978. And although some newcomers are skeptical of the Jones Day system, one attorney says merit-based pay encourages him "to do good work."

Howrey’s recent announcement that it would discard lockstep compensation for its associates in favor of merit-based pay garnered lots of attention over the summer.

But to lawyers at Jones Day, the giant 2,200-lawyer law firm, it’s nothing new.

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Howrey following in Jones Day's footsteps by switching to merit-based pay

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