Sonnenschein Unveils Merit-Based Bonus For 2010

Law360, New York (March 9, 2010, 6:52 PM EST) -- Sonnenschein Nath & Rosenthal LLP on Tuesday revealed further details of its move to a merit-based pay model, saying it would withhold a portion of first-year associates' pay until 2011 to help them acclimate to the new structure.

Salaries for first-year associates in New York will return to $160,000 — up from $145,000 — but between 12 percent and 15 percent of their pay will come in the form of a “base bonus” paid out in early 2011, according to Jeffrey S. Mutterperl, a spokesman for...
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.