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Homework answers / question archive / Climb the ledger case study Your Turn Climb the Legal Ladder several years ago, Sullivan & Cromwell, a large New York law firm with offices around the world, its salary for law school graduates to from $145,000 the previous year

Climb the ledger case study Your Turn Climb the Legal Ladder several years ago, Sullivan & Cromwell, a large New York law firm with offices around the world, its salary for law school graduates to from $145,000 the previous year

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Climb the ledger case study

Your Turn Climb the Legal Ladder several years ago, Sullivan & Cromwell, a large New York law firm with offices around the world, its salary for law school graduates to from $145,000 the previous year. starting salaries have not increased since. Indeed some firms have cut and/or jobs. The New York Times that law firms have seen a decline in for their services since the financial crisis. In fact, Dewey & founded in 1909, which just a few years ago had 2,500 employees (including 1,400 attorneys in 26 offices the world, filed for bankruptcy. Although the root cause can be one nt of view is that the firm embraced unfettered growth (including a large merger in 2007 and engaged in aggressive "poaching" of from other firms by offering large, guaranteed pay When business declined, were stuck with large fixed compensation they Indeed, costs and also, some would argue, a weakened culture, making it difficult to rally the troops. top most partners, once they felt things were going downhill, defected to other firms. In such firms, partners might earn 9 times what some other partners earn. In contrast to Dewey & LeBoeuf approach, many law firms still follow the traditional law firm approach to compensation, which is

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