Merit Based Pay at Drinker Biddle
Drinker Biddle is moving to a merit based pay system, becoming the latest in a string of major law firms…
abandoning lockstep
Holland & Knight is the Next to Abandon Lockstep
I think it's time for some new terminology. Lockstep compensation referred in the past to associates moving up in pay…
Kelley Drye Trifecta – Abandon Lockstep, Freeze Salaries, Pay Bonuses
In a firm wide email sent out yesterday, Kelley Drye managed to fold what would typically be three different stories…
Seyfarth Shaw Abandons Lockstep
Like many firms before it, Seyfarth Shaw is abandoning lockstep starting in 2011. Details haven't been released, not even to…
Sonnenschein Abandons Lockstep and Cuts Staff
There are two unconnected stories coming out of Sonnenschein today. The first is that the firm has made staff cuts…
WilmerHale Ditches Lockstep
WilmerHale is abandoning lockstep compensation and adopting a merit based three tiered system that should look familiar to anyone that's…
DLA Piper Abandons Lockstep
DLA Piperhas joined the lockstep march away from lockstep compensation. In a memo today, the firm outlined its new associate…
Orrick Moves Away From Lockstep
Orrick presented its new compensation plan to its associates today, and there was much rejoicing. Unlike many firms that cut…