Pillsbury Winthrop Shaw Pittman has temporarily reduced pay for some associates and counsel based on productivity levels, in the latest sign that big firms are questioning their traditional compensation models, writes The Recorder. The firm would not confirm how many of its 200 associates have been affected, or by how much their pay was reduced. Some reports have suggested pay has been cut by 10%-20%; however, the firm said these figures were "not entirely correct".
June 10, 2009 at 06:52 AM
1 minute read
The original version of this story was published on Legalweek
Pillsbury Winthrop Shaw Pittman has temporarily reduced pay for some associates and counsel based on productivity levels, in the latest sign that big firms are questioning their traditional compensation models, writes The Recorder.
The firm would not confirm how many of its 200 associates have been affected, or by how much their pay was reduced. Some reports have suggested pay has been cut by 10%-20%; however, the firm said these figures were “not entirely correct”.
Presented by BigVoodoo
Celebrate outstanding achievement in law firms, chambers, in-house legal departments and alternative business structures.
The African Legal Awards recognise exceptional achievement within Africa s legal community during a period of rapid change.
Law firms & in-house legal departments with a presence in the middle east celebrate outstanding achievement within the profession.
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...
Evergreen Trading is a media investment firm headquartered in NYC. We help brands achieve their goals by leveraging their unwanted assets to...
MELICK & PORTER, LLP PROMOTES CONNECTICUT PARTNERS HOLLY ROGERS, STEVEN BANKS, and ALEXANDER AHRENS
