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Holland & Knight Cuts Compensation

Holland & Knight Cuts Compensation

Florida’s Holland & Knight is cutting salaries for associates and senior counsel. The firm says the cuts average 7% across all those effected; 10% for associates. This salary reductions are…

Akin Gump to Lawyers: Bonuses If You’re Good, Penalties If You’re Naughty

Akin Gump to Lawyers: Bonuses If You’re Good, Penalties If You’re Naughty

Dallas’ Akin Gump is altering its salary plan to reward lawyers who are on track to bill 2,000 hours by the end of the year. Those lawyers receive a supplemental…

Update: Hogan & Hartson Reduces Pay for Certain First-Year Associates

Update: Hogan & Hartson Reduces Pay for Certain First-Year Associates

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…

Patton Boggs Adopts New Compensation System

Patton Boggs Adopts New Compensation System

Washington, DC-based Patton Boggs is adopting a new compensation plan for partners, retooling a long-held “eat-what-you-kill” system to reward partner cooperation and business development. Under the new structure, which will…