Yesterday Hogan & Hartson laid off 93 US support staff.
Today we learn more about changes in compensation for associates who joined the firm in Fall 2008.
Hogan offers two compensation tracks for its associates; those who bill 1,950 hours per year plan earn at least $160,000, while those on the 1,800-hours plan earn at least $145,000.
Starting yesterday, the firm moved associates who aren’t on track to bill at least 1,850 hours to the reduced salary track.
Associates can move back up to the higher salary level by billing 1,950 hours by the end of this year. They can count up to 100 pro bono hours toward their billable hour totals. If they log more than 1,850 hours but less than 1,950, they will be compensated proportionally.
The firm says it hopes the changes will not be carried over into 2010.
Founded in 1904, Hogan & Hartson is the oldest major law firm headquartered in Washington, DC. It is a global firm with more than 1,100 lawyers in 27 offices worldwide, including offices in North America, Latin America, Europe, the Middle East, and Asia.
Posted by Erik Even
on April 3, 2009. Filed under Home,Law Firm News,Legal News.
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