Predictability and Stability The lockstep model ensures a clear and predictable salary progression. This predictability is highly attractive to lawyers seeking long-term...
One of the most respected firms in the nation, Davis Polk & Wardwell is abandoning the strict lockstep compensation system, under which...
Let’s start with the easy part. Associates in the New York office of Pillsbury are having their salaries restored to the level...
Vinson & Elkins associates are having their salaries thawed out and returned to where they would have been without the salary freeze....
Cooley Godward has lifted last year’s salary freeze, sort of. First years will continue to make $160k, which puts them ahead of...
Goodwin Procter is paying 2009 bonuses to its associates who hit their billable hour goal of 1850 hours, maybe. Bonuses will more...
The lockstep march away from lockstep compensation continues unabated as 2010 gets into full swing. The latest firm to join the thundering...
Kaye Scholer is cutting first year associate salaries to $145k, but unlike many other firms they aren’t doing it under the guise...
I think it’s time for some new terminology. Lockstep compensation referred in the past to associates moving up in pay scale in...
In a firm wide email sent out yesterday, Kelley Drye managed to fold what would typically be three different stories into one....
Like many firms before it, Seyfarth Shaw is abandoning lockstep starting in 2011. Details haven’t been released, not even to the associates...
Good morning everyone! It’s Wednesday, December 16, and here’s a quick look at yesterday’s news… Sonnenschein lays off some staff and abandons...
