Say what you will about Big Law (and I say plenty of unflattering things about them), at least when they hire a junior lawyer, they give them a generous salary and benefits, and more often than not, appropriate training and mentoring.
Tag: compensation
Law firms being partnerships, someone must decide how to split the pie at the end of the year, and except in some small firms, the pie is rarely split evenly. The task of deciding how large a slice of the profits should be given to each partner in medium and large firms usually falls to the compensation committee. One might think that the compensation committee would consist of human resources professionals with specialized knowledge in evaluating job performance, and perhaps that is the case in some firms, but in many firms the primary qualification for membership on the compensation committee is a large client base and big billings.