Law Firms Reassess Partner Compensation Amid Changing Dynamics
In recent times, law firms are increasingly making adjustments to partner compensation due to factors such as decreased productivity and…
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Low Lawyer Satisfaction with Compensation, But Pay Transparency Boosts Contentment
A recent survey by Law360 Pulse revealed that only 52% of lawyers are satisfied with their overall compensation. However, this…
Law Firms Recover Transactional Work Amid Market Volatility
After years of struggling with sluggish transactional work, law firms have finally seen a resurgence in this crucial area, just…
Arkansas Lawyer Files Lawsuit Against Morgan & Morgan for Deceptive Advertising
An Arkansas-based lawyer, Jody Shackelford, has initiated legal action against the well-known national plaintiffs law firm Morgan & Morgan. Shackelford's…
The Appeal of Lockstep Compensation
Predictability and Stability The lockstep model ensures a clear and predictable salary progression. This predictability is highly attractive to lawyers…
Kansas Governor Rejects Legislation Limiting Gender-Affirming Care for Minors
Kansas Governor Laura Kelly has vetoed Senate Bill 233, which aimed to limit gender-affirming care options for transgender youth, including…
Legal Industry’s Compensation Evolution: A Closer Look
In recent times, shifts in partner compensation structures within elite law firms have captured the attention of legal industry observers.…
Reed Smith Implements New Associate Compensation Structure
Reed Smith, a prominent law firm, has confirmed adjustments to its associate compensation structure, prompted by a leaked memo revealing…
San Diego Unified School District Leads the Way in Compensating Student Board Members
San Diego Unified School District (SDUSD) has taken a significant step forward by implementing a new state law allowing student…
Latham & Watkins Unveils Enhanced Associate Salary Scale, Elevating Compensation in 2024
No. 2 Biglaw Firm in America Adopts Cravath Scale for Salary Increases In a move that amplifies the holiday cheer…
Navigating Compensation Decisions with AI: A Comprehensive Guide for Employers
Attracting Talent with AI Determining compensation that lures top talent while aligning with corporate budgets can be tricky for employers.…
Associate Layoffs Hit K&L Gates Amidst BigLaw’s Compensation Buzz
Amid widespread news about hefty salary hikes and generous bonuses across BigLaw, it's crucial to recognize that not every major…