associate salaries

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Latest blogosphere posts tagged “associate salaries”

• Morning Roundup

  
  JD Journal — Authority: 140
  Today is Wednesday, November 11.  At 11 am on November 11, 1918, all fighting stopped in World War 1 and Woodrow Wilson proclaimed the day Armistice Day.  It wasn’t until Veterans started to return from World War 2 that the day became a day to celebrate all of our vets. Here’s a look back at yesterday’s ...
  5 days ago

• Salary Freeze at Covington & Burling

  
  JD Journal — Authority: 140
  Stick this one in the “It could be worse…” file. At an all associates meeting today, Covington & Burling announced a freeze on associate salaries for all offices other than New York. Although Covington’s associates are probably not thrilled with the news, things could be worse. If Covington can reign in ...
  6 days ago

• Reed Smith Cuts Salaries

  
  JD Journal — Authority: 140
  Just a few weeks after announcing it was moving away from lockstep  compensation and doing away with associate classes, Reed Smith is cutting associate salaries by 20% for all incoming associates and reducing their billing rates by an equal amount.  This move is certain to be popular with clients who are unhappy ...
  6 days ago

• Who Elected Altman Weil the God of Associate Compensation?

  
  Above the Law — Authority: 717
  Have you noticed that whenever there is a story about the long-term future of associate salaries , there is always a quote from somebody at Altman Weil , the law firm consultancy? And have you noticed that their quotes are often advocating deep cuts in associate pay? The latest example of this curious phenomenon ...
  1 week ago

• We’re Doing This for Your Own Good… Really!

  
  JD Journal — Authority: 140
  Do you wake up every morning hoping that today will be the day that your firm will improve attorney development, and strengthen its ability to recruit, retain and develop the best talent at all professional levels by cutting your salary?  If so, you may want to consider moving to Foley Hoag . In a firm wide memo ...
  2 weeks ago

• Reed Smith Joins the Move Away from Lockstep

  
  JD Journal — Authority: 140
  Citing client concerns with billing practices, Reed Smith announced a new compensation plan today.  The new plan, which the company cleverly named CareeRS, separates associates into three tiers and three compensation plans based on performance.  Associates will either be junior, mid level or senior, depending on how ...
  2 weeks ago

• New Round of Salary Cuts at Allen Matkins

  
  JD Journal — Authority: 140
  Allen Matkins is having a rough year.  Back at the end of March  the firm let some attorneys go.  First year associate salaries were cut, along with the salaries of some additional associates.  Now it appears they are finishing the job with additional layoffs and more salary cuts.  Tipsters at Above the Law ...
  3 weeks ago

• Morrison & Foerster Lower Incoming Associate Salaries in California

  
  JD Journal — Authority: 140
  Morrison & Foerster is lowering the starting pay of its associates to $145,000 in California, while associates in New York and Asia will continue to receive the same pay.  The firm is the first Big Law firm to lower California rates, which are generally the same as New York rates with associates in other offices ...
  3 weeks ago

• Survey of the Largest Law Firms Hiring Contacts and First-Year Associate Salaries

  
  Chicago Lawyer — Authority: 115
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  9 weeks ago

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