Olswang is the latest firm to change the way it treats associates, and to set out a more modern, merit-based career path for them. Under its new scheme, which will come into effect on 1 September, there are three levels for associates, and four bands within those levels. Progression to the next band or level will depend on performance and ability rather than the number of years served.Don't get me wrong. This definitely makes sense and it was dumb to give salary increases based on time to begin with. But, I can see where this is going:
The reason for changing to this system was to make sure that we can provide a career path that suits all our associates. People develop at different rates and have different career goals. This way of doing things gives them the opportunities and support to get there. It’s all about flexibility, and giving lawyers a career path that they can understand, and which they feel they have some control over.I'm going to take, what some may view, a huge leap. I think that this type of system will keep women associates at "low" salaries. Well, not all women, but women who want to slow down for limited amounts of time to have children. Well, the proof of my hypothesis will materialize in the next 10 years when women associates are not becoming partners. We'll see.
I love this nonsensical bull-shit line:
The move towards a freer, more flexible and merit-based system is inevitable in law firms. The legal industry is slowly coming to understand this and in doing so will improve its chances of attracting and retaining the best talent.We all know that law firms have nothing to fear regarding attracting and maintaining the best talent out there. There are no jobs and Big Law is still the most coveted type of legal job out there. So, this is not about attracting talent. It's about not paying the talents as much as yesteryear and getting the most out of the talent because nothing will be taken for granted. You could be a fourth year associate with a first year associate salary, unless you but your hump and waste your twenties to get out of that level.