Seyfarth Shaw on Wednesday rolled out more details on how its new merit-based compensation system for associates will work. The new merit levels will be the basis for how much the firm charges clients for associates’ legal services, the firm said.
The Chicago-based firm said last year that it would shift away from the lockstep method of paying associates based on their years of service to a merit-based system. Seyfarth told associates in a meeting Wednesday that pay beyond their first year will be based on their skills in 11 new core competencies, said Jeremy Sherman, a partner in the Chicago office who helped design the new system.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
