The associate salary wars continued this week, but with a decidedly new twist. Bell, Boyd & Lloyd announced it, too, was meeting the trend of the biggest law firms in New York and Chicago to pay first-year associates $125,000 or more in annual salary. But, the firm emphasized, similarly fattened pay checks for its more senior associates would be linked to how many billable hours they worked during the year. In other words, no longer would associate pay raises be solely in lock step with their years of service.
“Our new associate salary program has redefined what it means to have a career at a top-tier law firm, stated Bell Boyd chairman Jack McCarthy in a prepared announcement. “It will reward those who consistently provide exceptional value to the firm, but also allow associates to make a choice about their life/work balance.”
This content has been archived.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?
Not a Bloomberg Law Subscriber?
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]