Another major law firm is planning to institute a two-tiered system for associate attorneys. But it is taking a different approach from what some other avant-garde law shops are doing.
Law firms with two tiers of partners are commonplace. So it was perhaps foreseeable that some would respond to ever-increasing starting salaries for attorneys by creating two tiers of associates.
Despite the attention paid in recent months to Howrey’s announcement that it would no longer implement a so-called lockstep pay schedule for associate attorneys, merit-based salary schedules are by no…
Although at least three quarters of the partners at Ashurst voted recently to approve a change in the London-based law firm’s lockstep compensation structure, many are now reportedly nervous about…