Archive: September, 2009

Current Trends in Associate Compensation

Posted on 09/14/09 , No Comments

By Shannon Henson Law360, New York (September 14, 2009) — Changes and reductions made to associate pay will likely outlast the recession as law firms increasingly move toward merit-based systems of compensation, consultants said. Law firms around the country have slashed the pay of associates as they try to cut costs and ride out the [...]

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Attrition in Partner Ranks, Law 360

Posted on 09/09/09 , No Comments

Originally published here: By Christine Caulfield Law360, New York (September 09, 2009) — First they went after administrative and support staff, then they stripped the associate ranks. Now law firms are shaking unprofitable midlevel partners loose as demand for legal services continues to wane, according to consultants. Unproductive nonequity partners are being shown the [...]

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What Lawyers Should Do While The Music Stops Playing

Posted on 09/07/09 , No Comments

Originally posted here: Emily Heller Without summer associate programs to rely on, law students are turning to alternate ways of gaining practical experience and making connections that could lead to full-time employment. Many students are doing externships to fill that need. They work, unpaid, for credit under the supervision of faculty and an on-site [...]

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