Amid constant pressure on elite law firms to offer competitive pay to high-performing lawyers, partners of at least two prominent New York-based lockstep firms weighed changes to their compensation models in the last year.
One, Debevoise & Plimpton, formed a partner committee to take a hard look at its lockstep model, in what the firm called a periodic process to examine the firm’s compensation system. After a review that wrapped up last month, the firm decided to leave its approach unchanged, presiding partner Michael Blair said in an interview.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Not a Bloomberg Law Subscriber?
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]