After close to 50 years of a pure lockstep compensation system, an internal memo says the firm is making the change to advance its strategy.
December 06, 2021 at 11:34 AM
2 minute read
The original version of this story was published on The American Lawyer
Cravath, Swaine & Moore, after 50 years of a straight lockstep compensation model, is moving to a modified lockstep system, according to a memo obtained by Law.com.
“Partnership has decided to make a change,” the memo said. “Cravath is moving to a modified lockstep compensation system at the partner level.”
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Cravath, Swaine & Moore offices in New York City.
