Duval & Stachenfeld's Innovative Approach to Associate Compensation
I blogged about the 50 attorney New York law firm Duval & Stachenfeld's innovative approach to associate compensation a week or so ago, here. Now, my friend Bruce MacEwen has unpacked that system in more detail here. Well worth a read, if you haven't seen it already, for any law firm leader wrestling with fitting burgeoning associate compensation numbers into profitability models ( ... and show me any commercial law firm apart from a handful right at the top of the profitability curve that's not!)
Further proof that there are indeed innovative solutions to balancing winning the war for talent and satisfying the old dictum "money in must exceed money out."