Drinker Biddle Lays Out Pay For 1st-Year Associates

Law360, New York (January 19, 2010, 7:17 PM EST) -- Drinker Biddle & Reath LLP shed light Tuesday on how it will compensate young attorneys under its recently adopted merit-based compensation model.

The firm said new associates will take home $105,000 as they partake in the firm’s six-month training program, and, after graduating from the program to become Level 1 associates, earn $130,000 or $145,000, depending on where in the country they practice.

The new system includes four tiers of associate pay, with lawyers advancing from levels 1 through 4 based on merit.

Firm representative John...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.