Lockstep compensation is an illogical, ill-conceived approach to pay that addresses none of the issues faced by today's associates, writes Dan DiPietro of The Law Firm Group of Citi Private Bank. Neither does lockstep help firms address such concerns as associate turnover and client complaints about associate pay. DiPietro presents his case for replacing the lockstep system with a performance-based pay structure.
Commentary: Leaving Lockstep Behind
The American Lawyer
August 1, 2008