Pillsbury’s first year associates outside of New York are receiving a salary cut, down to $145k. Any first year that bills in...
Weil Gotshal is paying most of its associates on the Sullivan & Cromwell scale – $7500 for the first years up to...
Akin Gump has lifted its salary freeze and is planning to pay out bonuses, according to a memo sent out by firm...
I think it’s time for some new terminology. Lockstep compensation referred in the past to associates moving up in pay scale in...
Stroock is handing out bonuses this year, and like so many before them, they’re paying on the Cravath schedule. That is, any...
Like many firms before it, Seyfarth Shaw is abandoning lockstep starting in 2011. Details haven’t been released, not even to the associates...
There are two unconnected stories coming out of Sonnenschein today. The first is that the firm has made staff cuts 14 days...
WilmerHale is abandoning lockstep compensation and adopting a merit based three tiered system that should look familiar to anyone that’s read these...
McDermott Will & Emery associates were supposed to start work in January, but many are now being deferred again. Details are still...
DLA Piperhas joined the lockstep march away from lockstep compensation. In a memo today, the firm outlined its new associate compensation package....
Orrick presented its new compensation plan to its associates today, and there was much rejoicing. Unlike many firms that cut base salaries...
In April, Chadbourne & Parke cut associate salaries and promised that some or all of the money would be returned based on...
