Law Firms Fall Back In Step With Lockstep

Law360, New York (July 15, 2010, 6:51 PM EDT) -- After abandoning the model briefly during the recession, Akin Gump Strauss Hauer & Feld LLP has become the third major law firm in recent weeks to announce it will revert back to a lockstep associate salary structure in 2011, and legal industry experts expect more firms to follow suit.

Akin Gump's new recruits are projected to start at $160,000 to match market value in 2011 and are assured of receiving every cent without having to meet billable-hour targets or other benchmarks, a firm representative confirmed Thursday....
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