Jun 11, 2010
Fisher & Phillips Raises Associate Salaries — With a Twist
Fisher & Phillips announced Thursday that it has raised its associates’ annual salaries by about $10,000. Half of the increase will show up in associates’ paychecks; the other half will be paid in a year-end lump sum to associates who invoice clients three times the amount of their base salary, in addition to meeting the firm’s billable hours target. The firm’s chairman said the goal is to encourage associates to work efficiently rather than strictly focusing on billing hours.