Monday, February 8, 2010

New Salary Structure Leaves More Questions Than Answers - Above the Law - A Legal Tabloid - News, Gossip, and Colorful Commentary on Law Firms and the

"Late last week, Foley & Lardner released its new salary structure. Honestly, I can’t tell you what they’re doing. I’m a professional firm double-talk decoder, but trying to pull out key phrases from this memo made me feel like John Nash.

The memo starts off similarly to other announcements from firms that want to move to merit-based compensation.

The firm has conducted a major review, the recession sucks, you know the drill.

Foley is breaking associates out into three tiers, similar to Orrick and other firms that have moved away from lockstep. But when the memo turns to “specifics” — like how much money people will actually make — the Foley & Lardner memo turns to mush: "

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Posted by
Crystal L. Cox
Investigative Blogger