Morgan Lewis Reveals Details On New Pay System

Law360, New York (January 20, 2010, 3:32 PM EST) -- Morgan Lewis & Bockius LLP on Wednesday offered associates additional insight into how the firm will calculate base salaries and bonuses now that lockstep compensation has fallen by the wayside.

In an e-mail to associates, Morgan Lewis chair Francis M. Milone said the firm had awarded base salary increases of up to $25,000 and incentive bonuses of up to $35,000, although the memo did not divulge how many of the firm's 685 associates reaped those rewards.

Salary increases went into effect Jan. 1, and bonuses will...
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.