Author: Jeremy Hodges
12 Nov 2009 | 00:01
Bonuses for 2010 paid as usual as milestones to get soft launch
Freshfields Bruckhaus Deringer has pushed back the launch of its new associate development framework to 2011 - with bonuses set to be paid out as normal in 2010.
Associates will see their next appraisal round in spring 2010 informally based around the firm's new 'career milestone' system; however, the outcome will have no effect on pay, bonuses or career progression.
Freshfields announced in July that it was taking its first step away from post-qualification experience as a means of grading lawyers by moving to a system dividing the associate career into three 'milestones'.
The system was due to be implemented in London over the summer and applied during the next appraisal round in 2010, when it was expected to have an immediate impact on bonuses.
Instead, it will now be formally rolled out globally in 2011, with the decision about how to link salary with the new structure to be made after this point.
Freshfields has already started consulting with international offices to work out how each jurisdiction will apply the model.
The new structure will see fee earners asked to meet specific criteria in order to move past each milestone. They will be assessed on seven core areas: technical skills; personal skills; client relationships; business advisory skills; business development; people and team skills; and project management, with the structure intended to inject greater transparency into associate development.
The first milestone is expected to be around two years after qualification, with the third a few years before partnership.
Human resources director Kevin Hogarth told Legal Week: "We have been talking with partners and associates to increase understanding of the milestones. We decided therefore it would make more sense to go through a soft launch in London and work towards more widespread formal adoption of the milestones across our international network in 2011."
COMMENTS(TOTAL 0 COMMENTS)
RELATED JOBS
FURTHER READING
MOST READ
MOST COMMENTED
Updating your subscription status
Advertisement
COURSES
LATEST JOBS
Advertisement
RECRUITERS
LEGAL EVENTS
SERVICES SECTION
Legal Week Corporate Counsel Forum Europe
The Legal Week Corporate Counsel Forum is an elite gathering of Europe's leading in-house lawyers. Conference bookings: Steve Hands +44 (0)20 7004 7460 or legalweekconference @incisivemedia.com.
The Partnership Club - law firm subscriptions
To secure a firmwide subscription to Legal Week with full access to premium content for all of your firm's fee-earners and additional benefits, please email Pclubqueries@legalweek.co.uk
In-house Lawyers Group on LinkedIn
Legal Week's LinkedIn group for in-house lawyers, which now has more than 1,600 members, acts as a networking tool for senior in-house counsel to discuss key issues affecting their roles.
Legal Week's Twitter feed, which now has more than 1,000 followers, features a selection of the latest news, opinion, Career Clinic dilemmas and links to interesting articles from the world of law.
Making a Personal Injury Claim
Accidents Direct are one of the UK’s leading specialists in
Personal Injury Claims.
They offer a completely free of charge service for most
Compensation claims
which fall under their
no win no fee
agreement policy.