DLA Piper has released details of a new associate pay model that is set to throw out lockstep in favour of a performance-based system, reports The National Law Journal. The plan will do away with minimum billable hour requirements and pay increases based on years of service. Instead, firm managers will consider "value delivered to clients and the firm, not tenure or hours," according to a memo released to associates on Tuesday (8 December).
December 09, 2009 at 07:02 AM
1 minute read
The original version of this story was published on Legalweek
DLA Piper has released details of a new associate pay model that is set to throw out lockstep in favour of a performance-based system, reports The National Law Journal.
The plan will do away with minimum billable hour requirements and pay increases based on years of service. Instead, firm managers will consider “value delivered to clients and the firm, not tenure or hours,” according to a memo released to associates on Tuesday (8 December).
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