According to a firm press release, half of the raise came in the form of an increase in salaries, which went into effect June 1. The remainder will come via a bonus for associates that meet specific productivity and efficiency standards over a full year.
“All of our associates have benefited from this move in the form of increased salaries, but there is more available to them,” said Chairman and Managing Partner Roger Quillen. “We believe a material part of everyone’s compensation should depend upon meeting basic performance standards. And we aren’t just talking about working and logging billable time. We measure and reward efficiency, too. This is what aligns our associates’ compensation with our clients’ interests.”
According to the Fulton County Daily Report, the raise increases Fisher & Phillips entry-level base salary from $115,000 to $120,000. Additionally, the firm said the raises will not be funded by an increase in billing rates but will instead be absorbed by the firm’s owners.
Fisher & Phillips was founded in 1943 and has more than 225 attorneys in 22 offices.