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Reply to "Lawyers employed part time, tell us how your compensation is structured."
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[quote=Anonymous]It is pretty straightforward -- at most places, your salary gets reduced equivalent to the amount you are working. So, if you work 60 percent of expected billable hours, you get 60 percent pay. Most places will make it up to you with a bonus if you go beyond your billable total. Or you can keep your billables near target by getting comp time after busy periods. Ten or more years ago, some big firms use to deduct for the overhead you are no longer contributing to, so if you worked 60 percent of your former billables, you'd get paid 55 percent of your former salary. I think that has gone away. Frequently, you get fewer vacation days but you typically need less.[/quote]
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