Orrick Unveils New Tiered Associate Pay Structure

Law360, New York (December 4, 2009, 4:23 PM EST) -- Making good on its promise to do away with lockstep pay for associates, Orrick Herrington & Sutcliffe LLP has unveiled the firm’s new three-tiered associate salary structure and given the legal industry a model for reform.

Recognizing that associate attorneys advance at different speeds and harbor varying career objectives, starting in 2010 Orrick will filter associates into three categories — associates, managing associates and senior associates.

According to the firm’s new pay structure, dubbed the “talent model compensation schedule,” the base salary remains $160,000 for starting...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.