Legacy Richards Butler salaried partners at Reed Smith are to have 20 percent of their annual pay held back at the start of next year, as part of a package of measures designed to tie them into the firm and bill more quickly. The salaried partners will be paid the final portion of their remuneration at the end of the year. "Since we introduced this system we have improved our performance in terms of getting bills collected," says partner Michael Pollack. But the move has been criticized by other partners.
November 26, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Legacy Richards Butler salaried partners are to have 20 percent of their annual pay held back at the start of next year, as part of a package of measures designed to tie them into the firm and bill more quickly.
Under the controversial scheme, the salaried partners will be paid the final portion of their remuneration at the end of the year, with the amount determined by the firm’s performance.
Presented by BigVoodoo
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.
The Legal Intelligencer honors lawyers leaving a mark on the legal community in Pennsylvania and Delaware.
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...
U.S. District Court for the Northern District of CaliforniaThe current term of office for United States Magistrate Judge Susan van Keulen in...
MELICK & PORTER, LLP PROMOTES CONNECTICUT PARTNERS HOLLY ROGERS, STEVEN BANKS, and ALEXANDER AHRENS
