While keeping a steady eye on the changes in the marketplace for top-tier candidates initiated by some larger law firms, managers at small and midsize firms seem unfazed by the recent flurry of salary hikes. Some have taken steps to match increases while others rely on the advantages they perceive their firms offer associates to attract the best talent. The common strategy among them seems to focus on the overall career experience of which salary and bonuses are pieces of a larger prize.
According to partner David Longinotti, chair of both the real estate practice group and recruiting at Hanson, Bridgett, Marcus, Vlahos & Rudy, a San Francisco-based firm with more than 100 attorneys, “Candidates make career decisions based on a number of factors, not just money. Factors like a firm’s commitment to their professional development, entrepreneurship, community involvement, pro bono commitments, diversity and the availability of specific practice opportunities. We focus our recruiting efforts on highly skilled candidates who value these aspects.”
Hanson, Bridgett, Longinotti adds, works at offering young lawyers “meaningful roles on significant matters early on in their careers.”
| Firm Response to Pay Hikes
“In a certain sense we have not �responded’ in that we were already in a very competitive marketplace for talent. Our salaries did increase this past year, though not to the level of the largest national firms, and we adjusted our bonus system to allow associates to earn substantial bonuses at attainable levels of productivity.” This content has been archived.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? Not a Bloomberg Law Subscriber? 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] Trending Stories
More From ALM
With this subscription you will receive unlimited access to high quality, online, on-demand premium content from well-respected faculty in the legal industry. This is perfect for attorneys licensed in multiple jurisdictions or for attorneys that have fulfilled their CLE requirement but need to access resourceful information for their practice areas.
View Now
Our Team Account subscription service is for legal teams of four or more attorneys. Each attorney is granted unlimited access to high quality, on-demand premium content from well-respected faculty in the legal industry along with administrative access to easily manage CLE for the entire team.
View Now
Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. Our second option allows you to build your bundle and strategically select the content that pertains to your needs. Both options are priced the same.
View Now
Dynamically explore and compare data on law firms, companies, individual lawyers, and industry trends.
Law.com Compass includes access to our exclusive industry reports, combining the unmatched expertise of our analyst team with ALM’s deep bench of proprietary information to provide insights that can’t be found anywhere else.
Law.com Compass delivers you the full scope of information, from the rankings of the Am Law 200 and NLJ 500 to intricate details and comparisons of firms’ financials, staffing, clients, news and events.
September 05, 2024
New York, NY The New York Law Journal honors attorneys and judges who have made a remarkable difference in the legal profession in New York. Learn More
September 06, 2024
Johannesburg The African Legal Awards recognise exceptional achievement within Africa s legal community during a period of rapid change. Learn More
September 12, 2024
New York, NY Consulting Magazine identifies the best firms to work for in the consulting profession. Learn More Our client, a boutique litigation firm established by former BigLaw partners, is seeking to hire a commercial litigation associate to join e... Apply Now › COLE SCHOTZ P.C.Prominent mid Atlantic law firm with multiple regional office locations seeks a senior attorney with commercial real estate ... Apply Now › ATTORNEYS WANTED ROCKLAND/BERGEN COUNTYKantrowitz, Goldhamer & Graifman, P.C. Expanding and established multi-practice, mul... Apply Now › |
