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London-based Clifford Chance's highest-paid U.S. partner has defected with three other partners to Weil, Gotshal & Manges. The planned departure of Steven A. Newborn will likely animate discussion on the British firm's lockstep compensation scheme, which ties partner pay to seniority rather than business origination. The resolution of the lockstep issue could shape the firm's position in the competitive market for lateral partners.
October 17, 2003 at 12:00 AM
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The original version of this story was published on Law.Com
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