Steptoe offices in Washington, D.C. Courtesy photoSteptoe Offers Associates New Flexible Billable Hour Tracks in Revamped Comp System
Steptoe’s revamped associate compensation model, which takes effect in January, will have three full-time billable hour budget options for associates with coinciding compensation scales.
December 09, 2024 at 06:00 AM
4 minute read
What You Need to Know
- Steptoe will offer three tracks for its associates with separate billable hour budgets, starting at 1,800 and going up to 2,200 hours.
- Associates at the firm will also have an option for a reduced budget below 1,800.
- Steptoe will also dole out bonuses for meeting the billable hour budget, exceeding it, as well as discretionary bonuses.
Steptoe is revamping its associate compensation starting next month, offering associates three tracks with different billable-hour budgets, from 1,800 hours up to 2,200 hours, along with coinciding pay scales.
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