Wake Up Call: Nelson Mullins Said to Tie 2023 Pay to Collections

Welcome to Bloomberg Law’s Wake Up Call, a daily rundown of the top news for lawyers, law firms, and in-house counsel.

• Nelson Mullins LLP is blaming tough economic times for a decision to tie nonpartner lawyers’ compensation to the firm’s collections, according to a report citing “internal documents.” Starting next year, the firm plans to calculate compensation for its non-equity partners, of counsel, and associates by combining a fixed component plus an “earn-up” component based on achievement of collections goals. The news is especially “demoralizing” for associates because it means their pay will depend in part on something they have ...