Contact Us
Sign In / Sign Up for FREE
Go to advanced search...

Climb the Legal Ladder - Essay Example

Comments (1) Cite this document
This is based on the disparities that exist between their salaries and those of the partners. One of the major comparisons that the associates would make is between the partners billing rates of some…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER97.4% of users find it useful
Climb the Legal Ladder
Read TextPreview

Extract of sample "Climb the Legal Ladder"

Running head: climb the legal ladder Climb the legal ladder 15th September Question Sullivan & Cromwell associates may not be comfortable with the pay structure. This is based on the disparities that exist between their salaries and those of the partners. One of the major comparisons that the associates would make is between the partners billing rates of some firms that stand at $1,000 per hour while Sullivan & Cromwell associates charges $ 250 per hour (Lisagor and Frank, 1989). This makes them to earn four times less that the partners even though their level of experience is almost equal. In the same way, Sullivan & Cromwell associates would compare their annual pay that stands at $ 550,000 with that of the partners that stands at $2 annually. The major work behavior that the Sullivan & Cromwells pay structure will motivate is working for more hours per day. This is based on the fact that clients are charged $250 per hour, implying that if an associate works for more hours his or her salary will increase.
Question 2
It is appropriate for Sullivan & Cromwell to increase the salaries of the associates who joined the firm four years ago. This may include pulling back the increment for the four years or at least two years. If the salaries of new associates are increased by $20,000, I would recommend the firm to increase the salary for billable hours for other employees in the various levels. This will act as a motivation not only to other levels but also to new graduates.
Question 3
The Waif Street Journal writer fails to identify the experience and the number of years that the partners have worked that makes them to earn more than the associates. Based on the fact that partners are the senior employees, the high level of salaries will act as a motivation even though the disparity on the amount of salary between the partners and the associates needs to be reduced. There lacks any parallel between Merrill Lynchs FA’s and SVPl’s and highly paid Sullivan & Cromwell partners salaries.
Question 4
One of the implications of the changes to bonuses is that there will be a disparity in the pay structure. For example, in the current pay structure the difference between the eighth-year associates and the early-career associates is $105. After the change is implemented, the difference will stand at $20. This implies that eighth-year associates will be paid less as compared to other levels. Lisagor and Frank (1989) argues that such reduction of bonuses would make the employees at the upper level to be demotivated thus lowering the performance of the firm. As a result of the firm’s low performance, the company may lack the ability to pay the extra bonus that it plans to give its employees at the end of the year. Sullivan & Cromwell should be concerned about difficulties in recruiting or retention. One of the major aspects that affect retention of the employees is salary disparity. In this regard, Sullivan & Cromwell have the obligation of addressing the disparities in their pay structure to ensure their recruitment and retention process are effective.
Lisagor, N and Frank L. (1989). A Law unto Itself: The Untold Story of the Law Firm Sullivan & Cromwell. New York: Paragon House. Read More
Cite this document
  • APA
  • MLA
(“Climb the Legal Ladder Essay Example | Topics and Well Written Essays - 500 words”, n.d.)
Climb the Legal Ladder Essay Example | Topics and Well Written Essays - 500 words. Retrieved from
(Climb the Legal Ladder Essay Example | Topics and Well Written Essays - 500 Words)
Climb the Legal Ladder Essay Example | Topics and Well Written Essays - 500 Words.
“Climb the Legal Ladder Essay Example | Topics and Well Written Essays - 500 Words”, n.d.
  • Cited: 0 times
Comments (1)
Click to create a comment or rate a document
heidenreichaust added comment 2 months ago
Student rated this paper as
I didn’t know how to start my research paper. "Climb the Legal Ladder" helped me out a lot! Especially the list of resources was valuable.

CHECK THESE SAMPLES OF Climb the Legal Ladder

Legal Aspects

...?Legal Aspects The purpose of this article is to write a critique of a topic pertaining to the legal aspects of the Occupational Safety and Health professional’s duties, responsibilities of working environment. The format that this paper will utilize is to first provide an introduction of the article followed by an analysis of the legal aspects of the OS&H topic. Lastly, this paper will conclude with a summary of the article’s conclusions and my own opinions. The article that will be examined for the purpose of this paper was authored by Johnson (2009) and was titled Ex-Grace Officials on Trial in Asbestos Poisoning. The article first highlights that five former mine executive that worked...
2 Pages(500 words)Essay

The career ladder

...?AR Career Ladder Career Ladder of the Career Ladder The medical field has become quite broad and vast considering all the necessities that people require these days. Considering the vast medical field it is seen that many jobs have been created so that patients can be effectively treated and managed. Pharmacist is a professional who is involved in allied health care disciplines. It is seen that pharmacists are being widely used in many hospitals and healthcares where they have to perform specific tasks of looking after the sale of drugs. Nowadays it is seen that a career ladder exists in the job of a pharmacist where he can further advance to achieve a better grade in...
5 Pages(1250 words)Research Paper

Climb to the Summit

...Climb to the Summit Life never stops to teaching me. Occasionally finding myself in various situations and getting new experience, I am forced to overlook the picture from my childhood, when, sitting at the school desk, I have written the composition on the topic of my plans for the future. Returning to that carefree time, I remember how easy it was to compose a list of “inevitable”, in my opinion of those days, events and achievements. Frankly speaking, I was absolutely sure that every goal, every dream, and every point, which I marked out for becoming a happy person, would be attained and represented in my real life undoubtedly. Being merely naïve kid, I thought that I would make my dreams come true without any...
7 Pages(1750 words)Essay

How can women climb up the corporate ladder in China

...? How can women climb up the corporate ladder in China? Word count: 4093 Executive Summary The current research focuses on the difficulties a Chinesewoman faces when she pursues high position in the corporate ladder. The challenges that the Chinese women face are mostly traditional concepts related to gender issue. Sex discrimination and inequalities are common elements in workplace that often demotivate the Chinese women. It is not uncommon that Chinese women are brought up in the traditional manner and are made to believe that a perfect woman is one who gives priority to home and family, and does not focus on career matters. This instills in the women low esteem and lack of confidence....
16 Pages(4000 words)Dissertation

Apple's climb back from the depths of bankruptcy

...Question Write an analysis of Apple's climb back from the depths of bankruptcy, which marketing mix factors were most helpful for the Apple's recovery. In order for Apple to climb back from the depths of the bankruptcy, the marketing manager must should have studied the wants and needs of their customers or the market and large and then come up with a marketing strategy that is appropriate using marketing mix. Due to the fact that other companies in the industry slashed their prices and adopted a single Microsoft's platforms, Apple reduced their prices reluctantly. Whereas the other firms' market share increased, Apple market shares and sales dropped drastically against their expectations. To rescue the company from this mess... Write an...
3 Pages(750 words)Essay

Case Analysis Presentation(climb the legal ladder)

...Climb the legal ladder In this case it is expected that Sullivan and Cromwell associates should feel that their pay structure is fair. The firm uses the lock-step model where the partners are paid to an important degree on the basis of their seniority. The other important aspect that is considered when determining pay structure is related to experience. Experienced associates earn more than less experienced associates. The level of performance is also used as a yardstick to determine the level of pay structure for each individual. In this case, the associates are likely to make comparisons related to their level of experience and period they have worked for the company in order to...
1 Pages(250 words)Essay


... where these competitions occur. This project identifies the social, cultural, economic, and environmental concerns associated with the sport to identify off road racing’s long-term viability and safety. Furthermore, the paper explores how the sport is sanctioned and regulated as a means of understand how the sport has evolved over the last 40 years. Analysis of Off Road Competition: 4x4 Trucks Introduction Off road racing competitions are a form of motorsports that differ from other motor vehicle competitions, such as NASCAR, which involve racing competitions utilizing paved roadways and asphalt-based tracks. Off road competitions, utilizing 4x4 vehicles, are established for hill climbing in forested regions or sand dunes... methodology...
11 Pages(2750 words)Research Paper

Legal Methods and Legal Structures

...Legal Methods and Legal Structures Table of Contents Introduction 3 Comparison between R. (on the application of Playfoot) v Governing Body of Millais School and R. (on the application of Begum) v Denbigh High School Governors 3 2. Comparison between Dr Rowan Williams, Archbishop’s Lecture – Civil and Religious Law in England: A Religious Perspective and Lon L. Fuller’s Law as an Instrument of Social Control and Law as Facilitation of Human Interaction 6 3. Discussion of “Begum and Playfoot Show That the Law Can Successfully Resolve Disagreements over the Acceptable Boundaries of Public Professions of Faith” 7 Conclusion 11 References 13 Introduction The recent years have witnessed extensive...
12 Pages(3000 words)Essay

Brand Benefit Ladder

...Brand Benefit Ladder Introduction Scholars use a process referred to as Laddering to find out the essence of a brand. The process relies on the concept that deepening of the definition of a brand takes place through progressive examination of implications that appear more abstract compared to the features of the brand. Analysts mark the bottom rung as the starting point. The assign the area as attributes (Barsalou 629). The attributes insinuates a functional benefit and appears at the second rung of the ladder. Consequently, an emotional derivative is its implication. The emotional benefit then, constitutes the third layer on the ladder. At the apex lies the essence of...
4 Pages(1000 words)Essay

Legal Thinking, Legal Logic, and Legal Philosophy

...Legal Thinking, Legal Logic, and Legal Philosophy Legal Thinking, Legal Logic, and Legal Philosophy Which of the following interpretation styles would be most common for front-line supervisors in your profession? The most common interpretation style for front-line supervisors in my profession would be the constructive one. The constructive interpretation style is more appropriate because it helps one gain a deeper understanding of the law through a back-and-forth exchange. Moreover, it allows the supervisor to consider other factors such environmental factors that affect the interpretation of the law. The constructive interpretation...
1 Pages(250 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Climb the Legal Ladder for FREE!

Contact Us