Making Better Compensation Decisions

Making Better Compensation Decisions

When I began consulting to law firms 18 years ago, compensation advisory services focused primarily on benchmarking.  We would look at market data, find comparables, refine study data to adjust for timing differences, and determine appropriate compensation ranges.  This latter focus was partly due to the nationwide run-up in associate starting salaries and law firms' attempts to deal with those market forces and the systemwide compression they created.

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