Morgan Lewis has announced a series of steps designed to save cash, including the complete cancellation of its 2010 Summer Associate Program. The firm will do no on-campus interviewing this Fall; and current summer associates are seeing their start dates pushed back to 2011. The firm also intends to end lock-step compensation in 2010, switching to a [...]
Continue reading...Wednesday, July 1, 2009
San Francisco’s Orrick, which laid off 300 employees in March, is abandoning lock-step compensation for associates. Under a lock-step scheme, associate salaries are determined entirely by how long the associate has been with the firm. Orrick’s new compensation model places associates on the partner track into one of three levels: Associate, Managing Associate, and Senior Associate. Compensation [...]
Continue reading...Thursday, June 25, 2009
DLA Piper is making major changes to its associate program, including further deferrals of associates who were deferred back in April. Eighty-five new lawyers were deferred to January, 2010. Now half of those will be further deferred to Fall 2010, and take public interest jobs in the interim. This year’s incoming class is 15% smaller than last [...]
Continue reading...Friday, June 12, 2009
Incoming associates at Cincinnati’s Frost Brown Todd will get a lower salary, although specific numbers have not been released. In addition, the new associates will spend their first 1,000 hours in an “apprenticeship program.” Clients will be billed at a lower rate for work done by “apprentices.” I keep putting the word “apprentice” in quotes because an [...]
Continue reading...Thursday, June 11, 2009
Contrary to early online reports, global intellectual property firm Fish & Richardson has not announced pay cuts. In fact, at a firmwide video conference earlier today, president Peter Devlin said the firm is not considering cutting their associate salary scale this year. Devlin’s original comments, which may or may not have been misconstrued by associates and [...]
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Tuesday, July 14, 2009
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