Cadwalader Detaches Associate Bonuses From Billable Hours

Law360, New York (February 21, 2014, 5:49 PM EST) -- Cadwalader Wickersham & Taft LLP said Friday it would depart from its longtime practice of tying associates' bonus payments to the number of hours they bill, a move the firm's new leader said comes as part of a broader professional development initiative that also better matches clients' priorities.

Patrick T. Quinn, managing partner-elect at the New York City-headquartered law firm, told Law360 the change would create a more collaborative framework for evaluating talent and would give junior lawyers the opportunity to have more input into their...
To view the full article, register now.