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DLA abandons lockstep pay for associates - Daily Report
1 hour, 57 minutes ago ago from Daily Report
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Related contentLegal Heavies Tackle the First-Year Associate Dilemma | Legal Help and Advice Blog
15 hours ago ago from Legal Help and Advice Blog *
Last Thursday, we had the occasion to attend a dinner here in NYC sponsored by LexisNexis at which, for about an hour, a panel of legal heavyweights kicked around their thoughts on The Future of the Law Firm Business Model. Participating on the panel were Rich Baer , the GC of Qwest; Peter Kalis (pictured), the chair of K&L Gates; Michael Walsh , the president and CEO of U.S. Legal Markets at LexisNexis; Michael Helfer, the GC at Citigroup; ...
Related contentDLA Piper to Abandon Lockstep Under New Associate Compensation Plan
19 hours ago ago from Corporate Legal Times Magazine
DLA Piper has released the details of a new associate compensation model that throws out lockstep in favor of a performance-based system. The plan does away with minimum billable hour requirements and pay increases based on years of service. Instead, firm managers will consider "value delivered to clients and the firm, not tenure or hours," according to a memo released to associates on Tuesday. The new system takes effect on Jan. 1.
Related contentUse Your Law Deferment to Work for Liberty!
23 hours ago ago from Think Tank West
By Ilya Shapiro Many law firms are asking their incoming first-year associates to defer their start dates (from a few months to a full year) and are offering stipends to these deferred associates to work at public interest organizations. Cato has been running a deferred associates program for the last few months and we are now extending it for as long as top-notch candidates want to ride out the economy with us. The Cato Institute ...
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Legal Heavies Tackle the First-Year Associate Dilemma - Law Blog - WSJ
15 hours ago ago from Wall Street Journal
By Ashby Jones Last Thursday, we had the occasion to attend a dinner here in NYC sponsored by LexisNexis at which, for about an hour, a panel of legal heavyweights kicked around their thoughts on The Future of the Law Firm Business Model. Participating on the panel were Rich Baer , the GC of Qwest; Peter Kalis (pictured), the chair of K&L Gates; Michael Walsh , the president and CEO of U.S. Legal Markets at LexisNexis; Michael Helfer, the ...
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