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Search results for tag "Merit-Based"

• Norton Rose overhauls lockstep system

  Sep 30 2011 Norton Rose has announced an overhaul of its remuneration system, modifying the lockstep to take greater account of merit. The lockstep system currently runs from... more

• Boies Schiller posts 3% revenue boost

  Mar 22 2011 Despite increasing its gross revenue by three per cent to $305 million in 2010, litigation firm Boies, Schiller & Flexner saw profits per partner fall by 11 per cent... more

• Sidley Austin announces 25% increase in total bonuses paid

  Dec 22 2010 Sidley Austin has announced that the number of associates receiving an end-of-bonus has increased by nearly 20%, and the total sum awarded for bonuses has increased by... more

• The next step in gender equality at law firms

  Nov 01 2010 Women graduates make up about 60% of the trainee intake at large London law firms, and have accounted for over half of the intake at these firms for over a decade.... more

• Addleshaw Goddard unfreezes salaries and introduces performance-based bonus scheme

  Oct 11 2010 Addleshaw Goddard has ended a two-year salary freeze and has reintroduced a bonus scheme for non partners. The new bonus arrangements introduce a discretionary... more

• Orrick announces pay rise

  Aug 27 2010 Orrick, Herrington & Sutcliffe has announced a pay rise for all associates except for first-years. Under the new pay scheme, which will come into effect in... more

• Some Baker Botts Associates Could See Pay Cuts in New Merit-Based Pay System

  Aug 02 2010 Some Baker Botts associates could see pay cuts after year-end reviews under a new merit-based compensation system that takes effect on Jan. 1. Maria Boyce,... more

• CMS Cameron McKenna switches to merit-based pay

  Jun 22 2010 CMS Cameron McKenna has announced the adoption of a merit-based system for calculating pay, jettisoning the lockstep model. The new system – to come into effect... more

• Herbert Smith introduces merit-pay for senior associates

  Jun 07 2010 Herbert Smith has made a review of salaries, and has announced significant changes to the remuneration of its fee earners from June next year. There are firm-wide... more

• Norton Rose maintains salary freeze for newly qualified lawyers

  May 27 2010 Norton Rose has unfrozen salaries – for all its associates except for newly qualified lawyers – for the first time since all salaries were frozen in 2009. While... more

• Olswang abandons lockstep pay model

  May 24 2010 Olswang has followed an increasing trend away from the lockstep model for associate pay, introducing a new pay scheme for associates. The scheme sets three salary... more

• Clifford Chance uncouples bonuses from billable hour

  Apr 12 2010 Clifford Chance has announced plans to overhaul its bonus system, moving even further away from the billable hour as the key determinant of associate bonuses.... more

• Simmons & Simmons, Shearman & Sterling and Stephenson Harwood move to merit-based pay

  Mar 19 2010 The trend toward merit-based pay systems in major law firms continues, with Simmons & Simmons, Shearman & Sterling and Stephenson Harwood being the latest to announce... more

• Stephenson Harwood make the move to merit-based pay

  Mar 15 2010 Stephenson Harwood has decided to move away from the traditional lockstep model for associate pay in favour of a system based upon individual merit. The new system... more

• Seyfarth Unveils More Details About Merit-Based Plan

  Feb 26 2010 Seyfarth Shaw unveiled more details about its planned move to a merit-based associate compensation scheme, according to a report in The National Law Journal, a sibling... more

• Are Merit-Based Pay Switchovers Simply Hidden Salary Cuts?

  Feb 18 2010 Lockstep compensation for associates appears to be the latest casualty of the recession. Last July, Orrick, Herrington & Sutcliffe dropped it in favor of a... more