This must be a warning call to companions in every single place: the price of not enhancing the worth proposition for associates can now be quantified because the multiyear decline in PPP ensuing from this newest switch of monies from companion income to mounted affiliate comp.
— Law agency strategist Hugh Simons, commenting on the truth that there are other ways to attract and retain associates, other than enormous salaries. Perhaps if associates had been supplied different perks, they’d be extra inclined to stay with their present companies than enter the lateral market.
Staci Zaretsky is a senior editor at Above the Law, what place she’s labored since 2011. She’d love to listen to from you, so please be happy to email her with any ideas, questions, feedback, or critiques. You can keep track of her on Twitter or join along with her on LinkedIn.