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: jurabilis - German bLAWg from Berlin.Associate-Lockstep ein Auslaufmodell?
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If a law firm associate in one practice area bills at a significantly higher rate than a same-year associate in a different practice area, shouldn't he or she make more money?[New York Lawyer]
Philadelphia's Post & Schell thinks so. It has done away with the popular lockstep model in favor of an associate compensation system that focuses on each attorney's ability to generate revenue for the firm. Since 2000, the 170-attorney firm has been paying its 90 associates based on their practice area as opposed to their class year, said firm President and Chief Executive Officer Brian M. Peters. The arrangement means that the attorneys who generate the most revenue for the firm, because they bill at the highest rates, also collect the highest associate salaries.
"In Deutschlands Großkanzleien undenkbar" oder "Alltag in deutschen Mittelstandskanzleien"?
Full post as published by jurabilis - German bLAWg from Berlin. on May 27, 2009 (boomark / email).
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