A closer look at associate pay

Monday, April 26, 2010; 15

Many large law firms have changed the way associates advance and get paid. Here is a sample of what others are doing.

Drinker Biddle May 2009. Announced a six-month training program for incoming associates, who will be billed out at lower rates.

Orrick, Herrington & Sutcliffe July 2009. Introduced a plan for three performance-based tiers for 2010. Entry-level salaries remain at market rates and increases to associate compensation are merit-based.

DLA Piper December 2009. Established three competency-based levels for associates; withholds a portion of compensation until end-of-year reviews. A plan to lower base salaries was later reversed.

Sources: Wall Street Journal, American Lawyer Media, Above the Law

Post a Comment

Comments that include profanity or personal attacks or other inappropriate comments or material will be removed from the site. Additionally, entries that are unsigned or contain "signatures" by someone other than the actual author will be removed. Finally, we will take steps to block users who violate any of our posting standards, terms of use or privacy policies or any other policies governing this site. Please review the full rules governing commentaries and discussions. You are fully responsible for the content that you post.

© 2010 The Washington Post Company