On Tuesday, Porter and Hedges announced it would raise first and second years to $160k and $170k respectively, but said it will not announce compensation for years 3-8.

P&H

More curious, however, is the firm’s decision to take billable hours out of the year-end bonus equation. Apparently, associates still must demonstrate merit in some fashion to qualify for a bonus, but the amount is now independent of hours billed.

Thx to Tex Parte Blog

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