Lockstep Compensation: Does It Still Merit Consideration?

Lockstep Compensation

Mention lockstep compensation to law firm partners and most will roll their eyes and wonder where you have been.  Historically a prominent compensation method, the lockstep approach is now the least preferred way of allocating compensation in the US.  In the UK and in New York, however, some of the largest, most profitable and most prestigous law firms maintain a lockstep compensation program - some in pure form and some with various modifications.

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