Law Practice
Dec. 28, 2012
As economy tiptoes, firms eye compensation
When the recession hit, numerous changes to billing and compensation models proliferated through the legal industry. Now, as more clients see financial rebounds, things are changing again.
Daily Journal Staff Writer
Lawyers at Jones Day don't talk about money - and they like it that way. That's according to Los Angeles partner-in-charge Christopher J. Lovrien, who says compensation schemes like the firm's black box model - where partners are blind to what other partners make and what share of the firm's net income each partner gets - has been spreading to other firms and will likely continue to do so. Only t...
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