Climb the Legal Ladder Essay Example | Topics and Well Written Essays - 500 words

Climb the Legal Ladder - Essay ExampleThe major work behavior that the Sullivan & Cromwells pay structure will motivate is work 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.It is appropriate for Sullivan & Cromwell to increase the salaries of the associates who linked the firm four days ago. This may include pulling back the increment for the four years or at least two years. If the salaries of newborn 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 motive not only to other levels but also to new graduates.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 hig h 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 FAs and SVPls and highly paid Sullivan & Cromwell partners salaries.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 divergency 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 small(a)ering the performance of the firm. As a result of the firms low performance, the company may lack the ability to