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. Industry insiders say other firms will be watching Howrey to see whether its "competency model" will be deemed competent by associates and clients. "To say it's a bold move would be an understatement," said one recruiter.
June 29, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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.
Presented by BigVoodoo
Join the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!
Law firms & in-house legal departments with a presence in the middle east celebrate outstanding achievement within the profession.
The premier educational and networking event for employee benefits brokers and agents.
Atlanta s John Marshall Law School is seeking to hire one or more full-time, visiting Legal WritingInstructors to teach Legal Research, Anal...
Lower Manhattan firm seeks a premises liability litigator (i.e., depositions, SJ motions, and/or trials) with at least 3-6 years of experien...
At NJM, a top-rated insurance company, we are seeking an Attorney on our Workers Compensation legal team with between 3 and 5 years of expe...
MELICK & PORTER, LLP PROMOTES CONNECTICUT PARTNERS HOLLY ROGERS, STEVEN BANKS, and ALEXANDER AHRENS
