Here's what my proposal to the ABA would be: Find a way to create a mandate of a 90/110/135 scale for each of the V100 firms. After 3 years, the firm and the experienced attorney can negotiate on a personal basis, such that the compensation package would reflect what the attorney actually brings and would bring to the firm. In return, the BigLaw firms would be able to cut costs and still harbor and nurture their talent.Putting the specific numbers the commenter suggests, which are on the low end, this proposal actually makes a lot of sense as a way for firms to protect their interests while avoiding mass layoffs in this economic climate. And there are other conceivable benefits, too.
Would you be in favor of such a policy? Be sure to specify whether you are a law student, current associate or otherwise.