Some Baker Botts Associates Could See Pay Cuts in New Merit-Based Pay System

Some Baker Botts associates could see pay cuts after year-end reviews under a new merit-based compensation system that takes effect on Jan. 1. Maria Boyce, partner-in-charge of the firm's Houston office, spoke to Texas Lawyer about the change from a lockstep to a levels format. Associates will first be placed in three tiers—junior, mid-level or senior associate—based on seniority, she said. After annual evaluations in November and December, associates will be placed at the appropriate level based on evaluations rather than seniority. That will affect base pay and bonus opportunities.

Some Baker Botts Associates Could See Pay Cuts in New Merit-Based Pay System abajournal.com Mon, Aug 2, 2010