Tag: Lockstep

Another Major Biglaw Firm Thinking About Ditching Lockstep Partner Compensation

Maybe this was inevitable. After Cravath — a firm once known for its lockstep partner compensation — ditched the model in favor of increased flexibility for its “partners,” perhaps the collegial, true partnership of Biglaw was doomed. In any event, another major law firm is reportedly changing up what it means to be partner there. [...]read moreAnother Major Biglaw Firm Thinking About Ditching Lockstep Partner Compensation