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Law Practice

Dec. 29, 2009

Compensation Viewed In A New Way

Law firms across the nation tightened their purse strings this year amid the economic slump. Many downsized their ranks, froze or cut their paychecks. Some traded the traditional lockstep system for more performance-based models.

By Joanna Lin

Daily Journal Staff Writer

Lateral Moves Chart

Law firms across the nation tightened their purse strings this year amid the economic slump. Many downsized their ranks, froze or cut their paychecks. Some traded the traditional lockstep system for more performance-based models. When collection cycles end, what compensation practices will emerge for 2010?

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