Blog of Legal Times
Nov 10, 2:07 PM PST
Reed Smith has become the latest firm to announce that it was tweaking its first year salaries and billable hour requirements to meet client demands. The firm said today that it was reducing first-year associate salaries in its 15 U.S....
Above the Law
Nov 10, 10:16 AM PST
Baker Botts will be throwing itself into the killing lockstep camp sometime in 2010. A tipster reports: So, Baker Botts - Houston (should be firmwide, though I don't have have all the details) is adopting a form of the Reed Smith pay structure. ... My understanding may be imperfect, but the...
WSJ Law Blog
Nov 10, 10:06 AM PST
Cut, drop, slash. Those are the verbs emanating from Reed Smith, which on Tuesday announced it was slashing associate salaries and billing rates and dropping its associate hour requirements from 1900 to 1700 hours. (1700 hours! Reed Smith attorneys, time to take up a hobby!)...