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Associate Overcompensation?

By Joe Danowsky
February 03, 2006

As Jim Cotterman points out in Compensation Plans for Law Firms 4th edition, the whole issue of associate profitability gained prominence in recent years because the economics of associate compensation changed.

In former times, associates in their early training stages got very low salaries. They also had very low hourly billing rates. Clients understood that they weren't usually getting enormous value from an hour of work by a new trainee, but they were getting more or less what they paid for.

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