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