Home

Orrick Moves Away From Lockstep
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

Orrick presented its new compensation plan to its associates today, and there was much rejoicing. Unlike many firms that cut base salaries with discretionary bonuses, Orrick kept the $160k starting salary for first year associates. After that associates will be arranged in three tiers, associates, managing associates and senior associates. The three tier system is something we’ve seen from several firms that have abandoned lockstep this year, but Orrick also has multiple pay scales within each tier. At the high end, senior associates will pull down a base salary of $250k, plus bonuses. In addition, Orrick says it will pay bonuses at market rate plus an additional discretionary amount of 5-15%, depending on tier. This is a very competitive structure and should make Orrick a strong competitor for recruitment. The salary changes will begin in 2010 but the firm says it will pay bonuses for 2009 based on this structure.



 

Interesting Legal Sites You May Like


BCG FEATURED JOB

Locations:

Keyword:



Search Now

Litigation Trial Attorney with 3-5 years of pleading experience

USA-WA-Seattle

Seattle office of our client seeks litigation trial attorney with 3-5 years of experience. The candi...

Apply Now

Corporate Attorney with mergers and acquisitions experience

USA-CA-Los Angeles

Los Angeles office is seeking a corporate attorney with 1-6 years of M&A, corporate finance, securit...

Apply Now

Estate Planning Attorney with 6+ years of experience

USA-CA-Los Angeles

Los Angeles office is seeking an experienced estate planning attorney with 6+ years of experience. C...

Apply Now

Condominium Associate Attorney

USA-IL-Chicago

Chicago office of our client seeks condominium associate attorney with 1-3 years of experience. The ...

Apply Now

RELEVANT JOBS

Corporate / Commercial Attorney | Lebanon, NH

USA-NH-Lebanon

Downs Rachlin Martin PLLC seeks an experienced corporate / commercial attorney to join its Lebanon o...

Apply now

Business Law Junior Associate | Burlington, VT

USA-VT-Burlington

Downs Rachlin Martin seeks associate attorney with 1-3 years of experience to join its Commercial an...

Apply now

Business Law Associate | Burlington

USA-VT-Burlington

Downs Rachlin Martin is seeking an attorney with 4 to 8 years of experience to join its very busy pr...

Apply now

Litigation Associate

USA-NY-New York City

Midtown Manhattan litigation boutique with diverse civil litigation practice seeking associate with ...

Apply now

Most Popular

SEARCH IN ARCHIVE

To Top