Legal News

Orrick Herrington & Sutcliffe Keeps Associate-friendly Payment Policies
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

Orrick Herrington & Sutcliffe seems to have found that elusive balance in compensation policy that fulfills the demands of productivity, man-hours billed, and transparency, all at the same time. Many seemed skeptical when in February Orrick announced its bonus policy for associates claiming to fix compensations based on the following criteria:

  1. Work quality;
  2. Productivity, including hours and efficiency;
  3. Contribution to the practice group; and
  4. Contribution to the Firm

It’s clear that Orrick Herrington has been able to juggle the equations and come out with fair compensation packages for associates, without sacrificing an iota of transparency. That by itself is no minor feat.

  
What
Where


Orrick Herrington & Sutcliffe 2011 Merit Bonus Distribution Table for All US Associates

Associate Managing Associate Senior Associate
Range #                     % #                   % #                 %
Less than $5,000 7                     7% 3                   3% 1                 1%
$5,000 – $14,999 53                  53% 12               14% 4                 6%
$15,000 – $24,999 40                  40% 22               25% 5                 7%
$25,000 – $34,999 38               43% 1                 1%
$35,000 – $44,999 13               15% 27             39%
$45,000 – $54,999 23             33%
$55,000 and above 9               13%
GRAND TOTAL 100              100% 88             100% 70           100%

According to the firm, barring those who joined after June 30, 2011, eighty percent of all US associates received a merit bonus, and the score is consistent with the percent of associates who received merit bonuses in 2010.

To further the balance of incentives vs. required criteria, Orrick created a “Time Lag Incentive Program” on the following lines to include time entry based performance:

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!




  • An incentive of $5000 for associates who released time on a daily basis, met other performance criteria, and had an annual average time lag of 1.09 or less
  • An incentive of $3500 for associates who entered and released time on alternate days and had a time lag between 1.1 and 2.49
  • Respectively 5% and 7.5% merit bonus reduction for associates who had an average time lag between 3.5 and 9.9, and those who had an average time lag of 10 days and more

On all counts, Orrick continues to lead the market when it comes to fair compensation and bonus packages of associates among the big law firms.





 

Interesting Legal Sites You May Like


BCG FEATURED JOB

Locations:

Keyword:



Search Now

General Municipal Law Attorney with land use experience

USA-CA-Oakland

Oakland office of our client seeks general municipal law attorney with experience advising public ag...

Apply Now

Mid-level Restructuring Attorney with bankruptcy experience

USA-DC-Washington

Washington, D.C. office of our client seeks mid-level restructuring attorney with 4-6 years of exper...

Apply Now

Senior Land Use Attorney with experience

USA-CA-San Francisco

San Francisco office of our client seeks senior land use attorney with 7+ years of experience. The c...

Apply Now

Attorney with 3-5 years of civil litigation experience

USA-IN-Merrillville

Merrillville office of our client seeks attorney with preferably 3-5 years of civil litigation exper...

Apply Now

RELEVANT JOBS

Civil & Business Litigation / Transactional Attorney

USA-CA-Clovis

Law firm with primary emphasis in Business & Civil Litigation and transactional work, seeks confiden...

Apply now

LITIGATION ATTORNEY

USA-CA-Emeryville

Boutique East Bay litigation defense firm is seeking a junior to mid-level attorney. Candidates for ...

Apply now

Family Law Paralegal

USA-NJ-Parsippany

The right person for this job will grasp basic and complex divorce and family law issues, have stron...

Apply now

Products Liability & Mass Tort Litigation Associate

USA-GA-Atlanta

The candidate must have 1- 5 years of civil litigation experience, preferably with some background i...

Apply now

Most Popular

SEARCH IN ARCHIVE

To Top