Climbing the Legal Ladder

In: Business and Management

Submitted By IAmTerranceJ
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Pages 2
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Climbing the Legal Ladder 1. I would expect S&C Associates to feel their structure is fair. The comparisons they would most likely make include starting salaries, pay levels, performance/billable hours, billing rates, performance bonuses, and partner expectations. I expect increased work performance, short-term and long-term reward. 2. With the salary increase of $15,000, new associates are given $15,000 not for performance of work. Fourth year associates work for over a year to receive a pay increase of $15,000. The money should have been distributed throughout the entire pay structure. This makes it unfair to not increase pay of all levels of associates. With the salary increase of $20,000, new employees would be making $10,000 more than a second year associate. The pay increase of $20,000 should be distributed through the entire pay structure. It is unfair for the higher level associates’ salaries to remain the same. 3. Some issues to consider include holding the partner responsible for upholding an important image of the company, and conducting important business from day to day to keep the operation running. The mastery of skills include working their way up the legal ladder, being valuable to the firm, which accounts for the pay difference. 4. The effects a reduction in bonuses will have on current associates include lower employee morale, decreased job satisfaction, and increased performance. The effects of reduction in bonuses will have on the recruitment of new associates include less appeal to the firm, firm based bonuses are not ideal, and a decrease in applicant pool. 5. Looking at experience and performance and linking them to a factor of time and billable hours, I would put Sullivan & Cromwell at more of a skill based approach. Dewey & LeBoeuf are more considered person based because they focus on…...

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