Tag Archive | "associate salary cuts"

Sutherland Ditches Lockstep

Monday, November 23, 2009

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Sutherland Ditches Lockstep

Atlanta based Sutherland is joining the rush to abandon lockstep compensation and is moving to a merit based system similar to the one other top firms have adopted or are planning to adopt. Associates will be classified as junior, mid-level and senior, with the levels roughly corresponding to their time in the firm. [...]

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Hard Times at Seyfarth Shaw

Friday, November 20, 2009

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Hard Times at Seyfarth Shaw

Seyfarth Shaw has told half of its deferred associates that they will not be starting in January as planned. Instead, they are being redeferred to October 2010, and will receive a stipend of $2000 dollars per month starting in January. If that wasn’t enough bad news, Seyfarth is also cutting the salaries of [...]

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