Counsel keep getting left out of the game when it comes to lockstep raises and bonuses.
The post Counsel Often Wind Up In ‘No Man’s Or Woman’s Land’ When It Comes To Compensation appeared first on Above the Law.

Ed. note: Welcome to our daily feature, Quote of the Day.

You have associates making almost $500,000, so in a sense, [counsel] get squeezed by firms because the firms feel like, ‘What options do we have?’ Generally speaking, they’re less likely to have business than someone who has a partner designation, so that makes their ability to move more challenging. They’re more senior so they can’t slot into the associate world at all. So it has to be a firm looking for someone with their particular expertise, and it’s just gotten to be more challenging as the years have gone by.

— Jeff Lowe, senior managing partner and market president for CenterPeak, a Washington, D.C., consulting firm, in comments given to the American Lawyer, on the “no man’s or no woman’s land” counsel often find themselves when it comes to their compensation in comparison to associates working at firms with lockstep pay models.

Staci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Bluesky, X/Twitter, and Threads, or connect with her on LinkedIn.