I think it’s time for some new terminology. Lockstep compensation referred in the past to associates moving up in pay scale in...
Stroock is handing out bonuses this year, and like so many before them, they’re paying on the Cravath schedule. That is, any...
Like many firms before it, Seyfarth Shaw is abandoning lockstep starting in 2011. Details haven’t been released, not even to the associates...
There are two unconnected stories coming out of Sonnenschein today. The first is that the firm has made staff cuts 14 days...
WilmerHale is abandoning lockstep compensation and adopting a merit based three tiered system that should look familiar to anyone that’s read these...
McDermott Will & Emery associates were supposed to start work in January, but many are now being deferred again. Details are still...
DLA Piperhas joined the lockstep march away from lockstep compensation. In a memo today, the firm outlined its new associate compensation package....
Orrick presented its new compensation plan to its associates today, and there was much rejoicing. Unlike many firms that cut base salaries...
In April, Chadbourne & Parke cut associate salaries and promised that some or all of the money would be returned based on...
Atlanta based Sutherland is joining the rush to abandon lockstep compensation and is moving to a merit based system similar to the...
First year associates at Haynes & Boone will be starting after Thanksgiving, but at a reduced rate. The firm emailed its incoming...
Seyfarth Shaw has told half of its deferred associates that they will not be starting in January as planned. Instead, they are...
